Chicago Bridge & Iron Company (CBI) Releases FY14 Earnings Guidance
Chicago Bridge & Iron Company (NYSE:CBI) updated its FY14 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $4.80-5.65 for the period, compared to the Thomson Reuters consensus estimate of $5.07, Analyst Ratings Net reports. The company issued revenue guidance of $12.6-13.2 billion, compared to the consensus revenue estimate of $13.05 billion.
CBI has been the subject of a number of recent research reports. Analysts at DA Davidson upgraded shares of Chicago Bridge & Iron Company from a neutral rating to a buy rating in a research note on Wednesday. They now have a $90.00 price target on the stock. On a related note, analysts at Zacks reiterated a neutral rating on shares of Chicago Bridge & Iron Company in a research note on Wednesday, May 28th. They now have a $86.00 price target on the stock. Finally, analysts at Credit Agricole reiterated an underperform rating on shares of Chicago Bridge & Iron Company in a research note on Thursday, April 10th. They now have a $90.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $85.25.
Shares of Chicago Bridge & Iron Company (NYSE:CBI) opened at 68.19 on Wednesday. Chicago Bridge & Iron Company has a 1-year low of $56.04 and a 1-year high of $89.22. The stock has a 50-day moving average of $79.46 and a 200-day moving average of $80.94. The company has a market cap of $7.372 billion and a price-to-earnings ratio of 14.53. Chicago Bridge & Iron Company also saw some unusual options trading on Tuesday. Stock traders bought 12,461 call options on the company. This represents an increase of 861% compared to the typical volume of 1,296 call options.
Chicago Bridge & Iron Company (NYSE:CBI) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by $0.23. The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter in the previous year, the company posted $0.82 earnings per share. The company’s revenue for the quarter was up 30.1% on a year-over-year basis. Analysts expect that Chicago Bridge & Iron Company will post $5.09 EPS for the current fiscal year.
Chicago Bridge & Iron Company N.V. is an energy infrastructure focused company and provider of government services.
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