Continental Building Products Inc (CBPX) reported quarterly earnings results on Monday, May-9-2016. The company said it had a profit of $0.30 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.14. Analysts had a consensus of $0.16. The company posted revenue of $111.49 million in the period, compared to analysts expectations of $99.28 million. The company’s revenue was up 20.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 EPS.
Many Wall Street Analysts have commented on Continental Building Products Inc. Continental Building Products Inc was Initiated by Longbow to “Neutral” on May 5, 2016. Company shares were Reiterated by RBC Capital Mkts on Mar 16, 2016 to “Outperform”, Firm has raised the Price Target to $ 20 from a previous price target of $18 .Company shares were Reiterated by RBC Capital Mkts on Feb 23, 2016 to “Outperform”, Firm has raised the Price Target to $ 18 from a previous price target of $17 .
Continental Building Products Inc closed down -0.15 points or -0.76% at $19.48 with 3,43,057 shares getting traded on Friday. Post opening the session at $19.57, the shares hit an intraday low of $19.3 and an intraday high of $19.93 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Dec 4, 2015, James W Bachmann (CEO) purchased 5,610 shares at $18.24 per share price. According to the SEC, on Nov 13, 2015, David Richard Obergefell (Senior VP Manufacturing) purchased 3,000 shares at $18.35 per share price. On Nov 10, 2015, Timothy Power (Senior VP, GC, and Secretary) purchased 5,000 shares at $17.21 per share price, according to the Form-4 filing with the securities and exchange commission.
Continental Building Products Inc. is a manufacturer of gypsum wallboard and complementary finishing products. The Company’s manufacturing facilities and sales efforts are concentrated in the eastern United States and eastern Canada. Gypsum wallboard is a primary building material used in new residential and commercial construction and in repair and remodel (R&R). The Company offers its customers a range of gypsum wallboard products including LiftLite a lightweight wallboard for use on interior walls; Mold Defense line of products designed for enhanced protection against mold and mildew and Weather Defense line of moisture and mold-resistant exterior sheathing. The Company’s wallboard product offerings include LiftLite Firecheck Mold Defense and Rapid Coat. The Company operates its automated manufacturing facilities in Silver Grove (Kentucky) Palatka (Florida) and Buchanan (New York).