Equities analysts expect Chicago Bridge & Iron Company N.V. (NYSE:CBI) to report $1.83 billion in sales for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Chicago Bridge & Iron Company N.V.’s earnings. The highest sales estimate is $1.89 billion and the lowest is $1.76 billion. Chicago Bridge & Iron Company N.V. posted sales of $2.78 billion in the same quarter last year, which suggests a negative year over year growth rate of 34.2%. The business is scheduled to issue its next quarterly earnings report 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 business will report sales of $6.68 billion per share, with estimates ranging from $5.49 billion to $7.60 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover Chicago Bridge & Iron Company N.V..

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

Several equities analysts have commented on CBI shares. KeyCorp reissued a “hold” rating on shares of Chicago Bridge & Iron Company N.V. in a research note on Friday, September 22nd. Credit Suisse Group AG cut shares of Chicago Bridge & Iron Company N.V. from an “outperform” rating to a “neutral” rating and set a $21.00 target price on the stock. in a research note on Monday, July 24th. Robert W. Baird set a $15.00 target price on shares of Chicago Bridge & Iron Company N.V. and gave the company a “hold” rating in a research note on Thursday, June 22nd. Wells Fargo & Company raised shares of Chicago Bridge & Iron Company N.V. from a “market perform” rating to an “outperform” rating and set a $28.00 target price on the stock in a research note on Wednesday, June 28th. Finally, BidaskClub cut shares of Chicago Bridge & Iron Company N.V. from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $20.19.

Shares of Chicago Bridge & Iron Company N.V. (CBI) traded up 0.74% on Friday, hitting $16.40. 217,003 shares of the stock were exchanged. The firm’s market cap is $1.66 billion. Chicago Bridge & Iron Company N.V. has a one year low of $9.55 and a one year high of $36.56. The firm’s 50 day moving average price is $14.13 and its 200 day moving average price is $19.91. Chicago Bridge & Iron Company N.V. also was the recipient of some unusual options trading activity on Wednesday. Stock traders bought 896 call options on the stock. This is an increase of approximately 197% compared to the typical daily volume of 302 call options.

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In other news, insider Daniel M. Mccarthy sold 7,500 shares of Chicago Bridge & Iron Company N.V. stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $16.04, for a total value of $120,300.00. Following the transaction, the insider now owns 112,464 shares of the company’s stock, valued at approximately $1,803,922.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in CBI. Hanson & Doremus Investment Management grew its stake in shares of Chicago Bridge & Iron Company N.V. by 14.8% in the 2nd quarter. Hanson & Doremus Investment Management now owns 5,050 shares of the construction company’s stock worth $100,000 after purchasing an additional 650 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in shares of 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 period. Chicago Partners Investment Group LLC boosted its holdings in shares of 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 period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Chicago Bridge & Iron Company N.V. by 47.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,697 shares of the construction company’s stock worth $152,000 after buying an additional 2,466 shares during the period. Finally, Ameritas Investment Partners Inc. boosted its holdings in shares of Chicago Bridge & Iron Company N.V. by 1,648.8% in the second quarter. Ameritas Investment Partners Inc. now owns 8,849 shares of the construction company’s stock worth $175,000 after buying an additional 8,343 shares during the period. 67.90% of the stock is currently owned by institutional investors.

About Chicago Bridge & Iron Company N.V.

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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