Babcock & Wilcox Co Target of Unusually High Options Trading (BWC)
Babcock & Wilcox Co (NYSE:BWC) was the recipient of some unusual options trading on Thursday. Investors acquired 145 call options on the stock, American Banking News reports. This represents an increase of approximately 663% compared to the average daily volume of 19 call options.
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 assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $36.52.
Shares of Babcock & Wilcox Co (NYSE:BWC) traded down 7.73% on Thursday, hitting $28.51. 4,357,752 shares of the company’s stock traded hands. Babcock & Wilcox Co has a 1-year low of $29.95 and a 1-year high of $36.00. The stock has a 50-day moving average of $32.37 and a 200-day moving average of $33.16. The company has a market cap of $3.144 billion and a price-to-earnings ratio of 10.03.
Babcock & Wilcox Co (NYSE:BWC) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.44 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.72 earnings per share. The company’s quarterly revenue 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.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 10th. Stockholders of record on Wednesday, August 20th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.40%.
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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