Babcock (BW) Scheduled to Post Quarterly Earnings on Wednesday
Babcock (NYSE:BW) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, November 8th. Analysts expect the company to announce earnings of ($0.24) per share for the quarter.
Babcock (NYSE:BW) last issued its quarterly earnings results on Wednesday, August 9th. The technology company reported ($2.63) earnings per share for the quarter, missing the Thomson Reuters’ 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 business had revenue of $349.80 million during the quarter, compared to analyst estimates of $434.34 million. During the same quarter last year, the company posted ($0.20) EPS. Babcock’s quarterly revenue was down 8.7% compared to the same quarter last year. On average, analysts expect Babcock to post $-2.63 EPS for the current fiscal year and $0.62 EPS for the next fiscal year.
Babcock (NYSE BW) opened at 4.38 on Wednesday. Babcock has a one year low of $1.61 and a one year high of $17.72. The firm’s market cap is $214.09 million. The company has a 50-day moving average of $3.76 and a 200 day moving average of $3.73.
In other Babcock news, major shareholder Vintage Capital Management Llc acquired 1,686,945 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The shares were purchased at an average price of $3.10 per share, with a total value of $5,229,529.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.50% of the company’s stock.
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Several research firms have recently commented on BW. Zacks Investment Research cut Babcock from a “hold” rating to a “strong sell” rating in a research note on Monday, August 14th. BidaskClub cut Babcock from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. KeyCorp restated a “hold” rating on shares of Babcock in a research note on Friday, September 22nd. UBS AG cut Babcock from a “buy” rating to a “neutral” rating and cut their price target for the stock from $13.00 to $3.00 in a research note on Monday, August 14th. Finally, Credit Suisse Group cut their price target on Babcock from $10.00 to $3.70 and set an “underperform” rating for the company in a research note on Friday, August 11th. Three analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Babcock has a consensus rating of “Hold” and an average target price of $7.18.
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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