Continental Building Products (NYSE:CBPX) posted its earnings results on Wednesday. The construction company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.08, Bloomberg Earnings reports. Continental Building Products had a return on equity of 15.80% and a net margin of 10.13%. The company had revenue of $131.39 million for the quarter, compared to analysts’ expectations of $125.40 million. During the same period last year, the business posted $0.32 earnings per share. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year.

Shares of Continental Building Products (CBPX) remained flat at $$27.00 during midday trading on Thursday. 211,312 shares of the stock traded hands, compared to its average volume of 236,299. Continental Building Products has a 52 week low of $21.00 and a 52 week high of $31.00. The company has a quick ratio of 2.46, a current ratio of 3.11 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $1,020.00, a P/E ratio of 21.95 and a beta of 1.20.

A number of equities research analysts recently weighed in on CBPX shares. Barclays upgraded shares of Continental Building Products from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $27.00 to $33.00 in a research note on Friday, January 5th. Royal Bank of Canada restated a “buy” rating and set a $30.00 price objective on shares of Continental Building Products in a research note on Wednesday, November 15th. BidaskClub upgraded shares of Continental Building Products from a “hold” rating to a “buy” rating in a research note on Friday, November 3rd. SunTrust Banks cut shares of Continental Building Products from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Finally, Zacks Investment Research cut shares of Continental Building Products from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $27.25.

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About Continental Building Products

Continental Building Products, Inc is a manufacturer of gypsum wallboard and complementary finishing products. The Company operates through wallboard segment. Gypsum wallboard is a primary building material used in residential and commercial construction and in repair and remodel (R&R). It offers customers a range of gypsum wallboard products, including LiftLite, its lightweight product designed to lift and install; its Mold Defense line of products designed for protection against mold and mildew, and its Weather Defense line of moisture and mold-resistant exterior sheathing.

Earnings History for Continental Building Products (NYSE:CBPX)

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