Wall Street brokerages predict that Chicago Bridge & Iron Company N.V. (NYSE:CBI) will announce sales of $1.83 billion for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Chicago Bridge & Iron Company N.V.’s earnings, with estimates ranging from $1.76 billion to $1.89 billion. Chicago Bridge & Iron Company N.V. reported sales of $2.78 billion during the same quarter last year, which would suggest a negative year-over-year growth rate of 34.2%. The business is expected to report its next quarterly earnings results on Thursday, October 26th.

According to Zacks, analysts expect that Chicago Bridge & Iron Company N.V. will report full year sales of $1.83 billion for the current fiscal year, with estimates ranging from $6.79 billion to $7.41 billion. For the next fiscal year, analysts expect that the company will post sales of $6.68 billion per share, with estimates ranging from $5.49 billion to $7.60 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Chicago Bridge & Iron Company N.V..

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last posted its quarterly earnings data on Wednesday, August 9th. The construction company reported ($2.96) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($3.81). The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $2.49 billion. Chicago Bridge & Iron Company N.V. had a negative net margin of 10.54% and a negative return on equity of 3.92%. The firm’s revenue was down 40.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.17 earnings per share.

A number of brokerages have issued reports on CBI. Vertical Research reissued a “buy” rating and issued a $45.00 target price on shares of Chicago Bridge & Iron Company N.V. in a report on Friday, June 30th. Deutsche Bank AG lifted their price target on Chicago Bridge & Iron Company N.V. from $35.00 to $38.00 and gave the company a “buy” rating in a report on Monday, May 22nd. UBS AG reaffirmed a “buy” rating and set a $21.00 price target (down previously from $32.00) on shares of Chicago Bridge & Iron Company N.V. in a report on Wednesday, May 24th. Citigroup Inc. reaffirmed a “hold” rating and set a $23.00 price target on shares of Chicago Bridge & Iron Company N.V. in a report on Wednesday, June 28th. Finally, Robert W. Baird lifted their price target on Chicago Bridge & Iron Company N.V. from $15.00 to $25.00 and gave the company a “neutral” rating in a report on Wednesday, June 28th. Five analysts have rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Chicago Bridge & Iron Company N.V. has an average rating of “Hold” and an average price target of $22.63.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Clearbridge Investments LLC grew its position in Chicago Bridge & Iron Company N.V. by 8.5% in the first quarter. Clearbridge Investments LLC now owns 3,820 shares of the construction company’s stock worth $117,000 after buying an additional 300 shares during the last quarter. Hanson & Doremus Investment Management grew its position in Chicago Bridge & Iron Company N.V. by 14.8% in the second quarter. Hanson & Doremus Investment Management now owns 5,050 shares of the construction company’s stock worth $100,000 after buying an additional 650 shares during the last quarter. Chicago Partners Investment Group LLC grew its position in Chicago Bridge & Iron Company N.V. by 907.6% in the second quarter. Chicago Partners Investment Group LLC now owns 6,600 shares of the construction company’s stock worth $130,000 after buying an additional 5,945 shares during the last quarter. M Holdings Securities Inc. grew its position in Chicago Bridge & Iron Company N.V. by 5.5% in the first quarter. M Holdings Securities Inc. now owns 6,765 shares of the construction company’s stock worth $208,000 after buying an additional 350 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its position in Chicago Bridge & Iron Company N.V. by 6.3% in the first quarter. Nomura Asset Management Co. Ltd. now owns 6,867 shares of the construction company’s stock worth $211,000 after buying an additional 410 shares during the last quarter. Institutional investors and hedge funds own 67.82% of the company’s stock.

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Shares of Chicago Bridge & Iron Company N.V. (CBI) opened at 15.05 on Friday. Chicago Bridge & Iron Company N.V. has a 1-year low of $9.55 and a 1-year high of $36.56. The stock’s market capitalization is $1.52 billion. The firm’s 50-day moving average price is $13.66 and its 200 day moving average price is $21.39.

Chicago Bridge & Iron Company N.V. Company Profile

Chicago Bridge & Iron Company N.V. provides services to customers in energy infrastructure market. The Company provides services, such as conceptual design, technology, engineering, procurement, fabrication, modularization, construction, commissioning, maintenance, program management and environmental services.

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Earnings History and Estimates for Chicago Bridge & Iron Company N.V. (NYSE:CBI)

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