|Over a week ago|
Concrete Pumping price target raised to $9 from $8 at Baird » 06:4604/2204/22/21
Baird analyst Andrew…
Baird analyst Andrew Wittmann raised the firm's price target on Concrete Pumping to $9 from $8 and keeps an Outperform rating on the shares. The analyst said its investor meetings suggested incremental confidence in its growth outlook as its end markets have improved, particularly in commercial as well as the residential/infrastructure markets.
|Over a month ago|
Concrete Pumping sees FY21 revenue $300M-$310M, consensus $304.25M 16:2303/1103/11/21
Concrete Pumping reports Q1 EPS (24c), consensus (5c) » 16:2003/1103/11/21
Reports Q1 revenue…
Reports Q1 revenue $70.4M, consensus $67.54M. Our first quarter performance continues to highlight our business' resilience and operational strength," said Bruce Young, CEO of Concrete Pumping Holdings. "We executed our plan of taking market share in a large and growing, yet highly fragmented, market. This is due to our scale, diversified regional exposure and highly variable cost structure. Our strong relative financial performance in the quarter was driven by the continuation of a healthy residential construction market, as well as an acceleration in infrastructure projects. We look forward to our commercial business recovering in the second half of this year as measures taken to move past the pandemic are more fully implemented." "During the quarter, we also leveraged our financial strength and healthy capital markets to refinance our debt. The transaction allowed us to improve our liquidity and lock in more favorable interest rates for the next five years. By further strengthening our balance sheet and reducing our cost of debt, we have enhanced our ability to pursue strategic M&A and other accretive investment opportunities and support our overall long-term growth strategy, and we are making great progress on this front. We are pleased with the continued support of our investors and remain committed to executing our strategic priorities and maximizing shareholder value throughout fiscal 2021 and beyond."
|Over a quarter ago|
Concrete Pumping price target lowered to $6 from $6.75 at B. Riley Securities » 08:4601/1301/13/21
B. Riley Securities…
B. Riley Securities analyst Alex Rygiel lowered the firm's price target on Concrete Pumping to $6 from $6.75 and reiterates a Buy rating on the shares following the company's Q4 results. The analyst modestly lowered fiscal 2021 estimates on a higher share count which takes recent share issuances and convertible securities into consideration.
Fly Intel: After-Hours Movers » 18:3201/1201/12/21
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Concrete Pumping sees FY21 revenue $300M-$310M, consensus $308.08M » 16:1101/1201/12/21
Sees FY21 adjusted EBITDA…
Sees FY21 adjusted EBITDA $105M-$110M.
Concrete Pumping reports Q4 EPS (5c), consensus 4c » 16:0901/1201/12/21
Reports Q4 revenue…
Reports Q4 revenue $79.19M, consensus $79.93M. "Our fourth quarter and fiscal year 2020 results demonstrate the continued resiliency and strength of our business model," said Bruce Young, CEO of Concrete Pumping. "We achieved year-over-year Adjusted EBITDA margin expansion for the quarter even as we continued to navigate the lingering effects of COVID-19 across our U.K. and U.S. markets. We also sustained strong momentum in our concrete waste management services business with another quarter of double-digit revenue growth. This helped deliver even stronger results for our full year, with meaningful revenue and Adjusted EBITDA growth, and expansion on both gross and Adjusted EBITDA margin. We are quite proud of these results amidst an uncertain market backdrop caused by COVID-19 for most of our fiscal year, which is a testament to the strength of our operations and our highly variable cost structure."
Concrete Pumping price target raised to $6.75 from $6.50 at B. Riley Securities » 08:3601/0701/07/21
B. Riley Securities…
B. Riley Securities analyst Alex Rygiel raised the firm's price target on Concrete Pumping to $6.75 from $6.50 and keeps a Buy rating on the shares. The analyst increased price targets for most of the infrastructure-related companies under coverage on slightly higher valuation multiples. As we near the change in Administrations, officials in Washington will look to ramp up talks and activity on passing a new infrastructure bill, which could be viewed of as a bipartisan economic stimulus, Rygiel tells investors in a research note. Further, President-elect Biden has suggested that infrastructure would be a top legislative priority in his first year in office, adds the analyst.
Fly Intel: Pre-market Movers » 09:0401/0501/05/21
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Concrete Pumping upgraded to Outperform from Neutral at Baird » 05:4101/0501/05/21
Baird analyst Andrew…
Baird analyst Andrew Wittmann upgraded Concrete Pumping Holdings to Outperform from Neutral with a $5 price target.