Wall Street analysts predict that Chicago Bridge & Iron Company N.V. (NYSE:CBI) will report earnings of $0.53 per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Chicago Bridge & Iron Company N.V.’s earnings, with the lowest EPS estimate coming in at $0.47 and the highest estimate coming in at $0.62. Chicago Bridge & Iron Company N.V. posted earnings per share of $1.20 in the same quarter last year, which would indicate a negative year over year growth rate of 55.8%. The firm is scheduled to issue its next quarterly earnings report on Thursday, October 26th.

On average, analysts expect that Chicago Bridge & Iron Company N.V. will report full year earnings of ($1.71) per share for the current year, with EPS estimates ranging from ($1.77) to ($1.66). For the next fiscal year, analysts anticipate that the firm will post earnings of $2.27 per share, with EPS estimates ranging from $1.48 to $3.02. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Chicago Bridge & Iron Company N.V..

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last announced its quarterly earnings results on Wednesday, August 9th. The construction company reported ($2.96) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($3.81). The company had revenue of $1.28 billion during the quarter, compared to analyst estimates 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 for the quarter was down 40.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.17 earnings per share.

A number of analysts have commented on the stock. BidaskClub upgraded shares of Chicago Bridge & Iron Company N.V. from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th. Credit Suisse Group set a $21.00 target price on shares of Chicago Bridge & Iron Company N.V. and gave the stock a “buy” rating in a research note on Tuesday, July 4th. Robert W. Baird set a $10.00 target price on shares of Chicago Bridge & Iron Company N.V. and gave the stock a “hold” rating in a research note on Thursday, August 10th. Macquarie upped their target price on shares of Chicago Bridge & Iron Company N.V. from $10.00 to $14.00 and gave the stock a “sell” rating in a research note on Wednesday, June 28th. Finally, Deutsche Bank AG set a $21.00 target price on shares of Chicago Bridge & Iron Company N.V. and gave the stock a “buy” rating in a research note on Thursday, August 10th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $20.19.

Chicago Bridge & Iron Company N.V. (NYSE CBI) opened at 16.00 on Monday. Chicago Bridge & Iron Company N.V. has a 1-year low of $9.55 and a 1-year high of $36.56. The firm’s market capitalization is $1.62 billion. The company has a 50-day moving average price of $15.66 and a 200-day moving average price of $18.85.

In related news, EVP Daniel M. Mccarthy sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $16.29, for a total value of $122,175.00. Following the transaction, the executive vice president now directly owns 104,964 shares in the company, valued at $1,709,863.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Several hedge funds have recently bought and sold shares of the stock. Osborne Partners Capital Management LLC bought a new position in Chicago Bridge & Iron Company N.V. during the third quarter valued at approximately $4,733,000. Shell Asset Management Co. bought a new position in Chicago Bridge & Iron Company N.V. during the third quarter valued at approximately $910,000. Cetera Investment Advisers bought a new position in Chicago Bridge & Iron Company N.V. during the second quarter valued at approximately $761,000. Sterneck Capital Management LLC bought a new position in Chicago Bridge & Iron Company N.V. during the second quarter valued at approximately $1,657,000. Finally, Koch Industries Inc. bought a new position in Chicago Bridge & Iron Company N.V. during the second quarter valued at approximately $314,000. Institutional investors own 67.69% of the company’s stock.

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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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