Babcock & Wilcox Co. (BWC) Announces Quarterly Earnings Results, Misses Expectations By $0.05 EPS
Babcock & Wilcox Co. (NYSE:BWC) issued its quarterly earnings data on Wednesday. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by $0.05, AnalystRatings.Net reports. The company had revenue of $802.82 million for the quarter, compared to the consensus estimate of $834.81 million. During the same quarter in the previous year, the company posted $0.56 earnings per share. The company’s revenue for the quarter was down 7.2% on a year-over-year basis. Babcock & Wilcox Co. updated its FY14 guidance to $2.00-2.20 EPS.
Babcock & Wilcox Co. (NYSE:BWC) remained flat at $35.13 during during mid-day trading trading on Wednesday. 615,087 shares of the company’s stock traded hands. Babcock & Wilcox Co. has a 52 week low of $25.55 and a 52 week high of $35.40. The stock has a 50-day moving average of $34.17 and a 200-day moving average of $33.02. The company has a market cap of $3.892 billion and a P/E ratio of 18.28.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 17th. Shareholders of record on Friday, February 28th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Wednesday, February 26th.
BWC has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Babcock & Wilcox Co. from a “neutral” rating to an “underperform” rating in a research note on Thursday, January 2nd. They now have a $32.50 price target on the stock. Analysts at Stephens initiated coverage on shares of Babcock & Wilcox Co. in a research note on Thursday, December 19th. They set an “overweight” rating on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $232.08.
The Babcock & Wilcox Company (NYSE:BWC) is a technology innovator in power generation systems, a specialty constructor of nuclear components and a service provider in its segments.
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