Babcock (NYSE:BW) – Research analysts at KeyCorp dropped their Q3 2017 earnings estimates for shares of Babcock in a report issued on Sunday. KeyCorp analyst T. Afzal now anticipates that the technology company will post earnings per share of ($0.24) for the quarter, down from their prior forecast of ($0.01). KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Babcock’s FY2017 earnings at ($2.63) EPS.

A number of other equities analysts have also weighed in on BW. Zacks Investment Research raised Babcock from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research report on Monday, July 3rd. BidaskClub cut Babcock from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. UBS AG downgraded shares of Babcock from a “buy” rating to a “neutral” rating and reduced their price target for the company from $13.00 to $3.00 in a research report on Monday, August 14th. Finally, Credit Suisse Group reduced their price target on shares of Babcock from $10.00 to $3.70 and set an “underperform” rating for the company in a research report on Friday, August 11th. Three research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $7.18.

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Babcock (BW) opened at 3.80 on Wednesday. The company’s market cap is $185.74 million. The firm has a 50-day moving average of $3.36 and a 200-day moving average of $3.36. Babcock has a 52 week low of $2.51 and a 52 week high of $17.72.

Babcock (NYSE:BW) last announced its earnings results on Wednesday, August 9th. The technology company reported ($2.63) EPS for the quarter, missing the consensus estimate of $0.05 by ($2.68). Babcock had a negative return on equity of 35.95% and a negative net margin of 14.41%. The company had revenue of $349.80 million for the quarter, compared to analyst estimates of $434.34 million. During the same quarter last year, the business posted ($0.20) earnings per share. The business’s quarterly revenue was down 8.7% on a year-over-year basis.

In other Babcock news, major shareholder Vintage Capital Management Llc purchased 1,686,945 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The shares were acquired at an average price of $3.10 per share, with a total value of $5,229,529.50. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 2.50% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of BW. US Bancorp DE boosted its holdings in Babcock by 77.2% during the 1st quarter. US Bancorp DE now owns 11,671 shares of the technology company’s stock worth $109,000 after acquiring an additional 5,083 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Babcock by 30.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 9,330 shares of the technology company’s stock worth $110,000 after acquiring an additional 2,200 shares in the last quarter. Sei Investments Co. grew its stake in shares of Babcock by 34.1% in the 2nd quarter. Sei Investments Co. now owns 11,570 shares of the technology company’s stock worth $136,000 after acquiring an additional 2,940 shares in the last quarter. Wexford Capital LP grew its stake in shares of Babcock by 43.9% in the 1st quarter. Wexford Capital LP now owns 14,900 shares of the technology company’s stock worth $139,000 after acquiring an additional 4,545 shares in the last quarter. Finally, Tudor Investment Corp ET AL grew its stake in shares of Babcock by 24.5% in the 1st quarter. Tudor Investment Corp ET AL now owns 14,930 shares of the technology company’s stock worth $139,000 after acquiring an additional 2,937 shares in the last quarter. 93.92% of the stock is owned by hedge funds and other institutional investors.

Babcock Company Profile

Babcock & Wilcox Enterprises, Inc is a technology-based provider of fossil and renewable power generation and environmental equipment that includes a suite of boiler products and environmental systems, and services for power and industrial uses. The Company operates in three segments: Power, Renewable and Industrial.

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