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Babcock & Wilcox Co (NYSE:BWC) issued an update on its FY14 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $1.70-1.85 for the period, compared to the Thomson Reuters consensus estimate of $2.15, AnalystRatings.Net reports. The company issued revenue guidance of $2.9-3.0 billion, compared to the consensus revenue estimate of $2.95 billion.

Babcock & Wilcox Co (NYSE:BWC) traded down 0.35% during mid-day trading on Wednesday, hitting $30.90. The stock had a trading volume of 1,040,346 shares. Babcock & Wilcox Co has a 52-week low of $29.95 and a 52-week high of $36.00. The stock has a 50-day moving average of $32.41 and a 200-day moving average of $33.18. The company has a market cap of $3.408 billion and a P/E ratio of 10.06.

Babcock & Wilcox Co (NYSE:BWC) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by $0.05. The company had revenue of $686.00 million for the quarter, compared to the consensus estimate of $766.50 million. During the same quarter in the previous year, the company posted $0.72 earnings per share. The company’s revenue for the quarter was down 22.6% on a year-over-year basis. Analysts expect that Babcock & Wilcox Co will post $2.12 EPS for the current fiscal year.

A number of research firms have recently commented on BWC. Analysts at Zacks upgraded shares of Babcock & Wilcox Co from a neutral rating to an outperform rating in a research note on Wednesday, July 23rd. They now have a $36.10 price target on the stock. Analysts at Davidson raised their price target on shares of Babcock & Wilcox Co from $34.00 to $37.00 in a research note on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $36.52.

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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