Babcock & Wilcox Enterprises (NYSE:BW) last released its earnings results on Tuesday, February 28th. The technology company reported ($1.60) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by $1.98. Babcock & Wilcox Enterprises had a negative net margin of 2.90% and a positive return on equity of 5.93%. The business had revenue of $380 million for the quarter, compared to analysts’ expectations of $483.20 million. During the same period last year, the firm earned $0.47 EPS. The company’s revenue was down 24.4% compared to the same quarter last year. On average, analysts expect Babcock & Wilcox Enterprises to post $0.72 EPS for the current fiscal year and $1.00 EPS for the next fiscal year.
Babcock & Wilcox Enterprises Inc (NYSE:BW) will issue its quarterly earnings data on Tuesday, May 9th. Babcock & Wilcox Enterprises has set its FY17 guidance at $0.75-0.95 EPS.
Babcock & Wilcox Enterprises Inc (NYSE:BW) opened at 9.46 on Friday. The stock’s market cap is $460.68 million. The firm’s 50-day moving average price is $9.22 and its 200 day moving average price is $13.91. Babcock & Wilcox Enterprises Inc has a 1-year low of $8.54 and a 1-year high of $23.00.
In other news, Chairman E James Ferland, Jr. acquired 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 9th. The stock was acquired at an average cost of $9.62 per share, for a total transaction of $192,400.00. Following the completion of the acquisition, the chairman now owns 240,040 shares in the company, valued at $2,309,184.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.50% of the stock is currently owned by company insiders.
A number of research firms recently issued reports on BW. Zacks Investment Research upgraded Babcock & Wilcox Enterprises from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Monday, January 16th. Johnson Rice downgraded Babcock & Wilcox Enterprises from a “buy” rating to an “accumulate” rating in a report on Monday, March 6th. Finally, TheStreet downgraded Babcock & Wilcox Enterprises from a “c-” rating to a “d+” rating in a report on Wednesday, March 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $18.67. Babcock & Wilcox Enterprises Company Profile
Babcock & Wilcox Enterprises, Inc is a technology-based provider of fossil and renewable power generation and environmental equipment that includes a suite of boiler products and environmental systems, and services for power and industrial uses. The Company operates in three segments: Power, Renewable and Industrial.