Babcock (BW) to Release Quarterly Earnings on Tuesday
Babcock (NYSE:BW) will be issuing its quarterly earnings data after the market closes on Tuesday, October 31st. Analysts expect the company to announce earnings of $0.02 per share for the quarter.
Babcock (NYSE:BW) last released its quarterly earnings data on Wednesday, August 9th. The technology company reported ($2.63) EPS for the quarter, missing the consensus estimate of $0.05 by ($2.68). The company had revenue of $349.80 million during the quarter, compared to analyst estimates of $434.34 million. Babcock had a negative net margin of 14.41% and a negative return on equity of 35.95%. The company’s quarterly revenue was down 8.7% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.20) EPS. On average, analysts expect Babcock to post $-2.63 EPS for the current fiscal year and $0.62 EPS for the next fiscal year.
Shares of Babcock (BW) opened at 4.2001 on Tuesday. The firm’s market cap is $205.30 million. Babcock has a 12-month low of $1.61 and a 12-month high of $17.72. The stock has a 50 day moving average price of $3.65 and a 200 day moving average price of $3.65.
In other Babcock news, major shareholder Vintage Capital Management Llc acquired 1,686,945 shares of the business’s stock in a transaction 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.50% of the stock is currently owned by insiders.
Several research analysts recently issued reports on BW shares. 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 research report on Saturday, July 8th. KeyCorp reaffirmed a “hold” rating on shares of Babcock in a research report on Friday, September 22nd. UBS AG cut Babcock from a “buy” rating to a “neutral” rating and cut their target price for the company from $13.00 to $3.00 in a research report on Monday, August 14th. Finally, Credit Suisse Group cut their target price on Babcock from $10.00 to $3.70 and set an “underperform” rating on the stock in a research report on Friday, August 11th. Three equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $7.18.
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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