Chicago Bridge & Iron Company N.V. (NYSE:CBI) – Equities researchers at KeyCorp lowered their FY2018 earnings per share (EPS) estimates for Chicago Bridge & Iron Company N.V. in a research report issued on Tuesday. KeyCorp analyst T. Afzal now anticipates that the construction company will post earnings per share of $2.14 for the year, down from their prior forecast of $2.73. KeyCorp currently has a “Hold” rating on the stock.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last announced its quarterly earnings results on Monday, October 30th. The construction company reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.19). The business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.80 billion. Chicago Bridge & Iron Company N.V. had a negative net margin of 13.33% and a negative return on equity of 10.47%. The business’s revenue for the quarter was down 18.7% compared to the same quarter last year. During the same period last year, the company earned $1.20 earnings per share.

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Several other research firms also recently issued reports on CBI. BidaskClub upgraded Chicago Bridge & Iron Company N.V. from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Citigroup Inc. reiterated a “neutral” rating and issued a $20.00 target price (down previously from $23.00) on shares of Chicago Bridge & Iron Company N.V. in a research report on Tuesday, July 18th. Credit Suisse Group lowered Chicago Bridge & Iron Company N.V. from an “outperform” rating to a “neutral” rating and set a $21.00 target price for the company. in a research report on Monday, July 24th. ValuEngine upgraded Chicago Bridge & Iron Company N.V. from a “strong sell” rating to a “sell” rating in a research report on Monday, October 2nd. Finally, Bank of America Corporation assumed coverage on Chicago Bridge & Iron Company N.V. in a research report on Monday, August 7th. They issued an “underperform” rating and a $14.00 target price for the company. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating, five have given 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 $20.65.

In other news, EVP Daniel M. Mccarthy sold 7,500 shares of the company’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $16.29, for a total transaction of $122,175.00. Following the completion of the sale, the executive vice president now owns 104,964 shares in the company, valued at approximately $1,709,863.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of CBI. BlackRock Inc. lifted its position in shares of Chicago Bridge & Iron Company N.V. by 3,280.3% during the 1st quarter. BlackRock Inc. now owns 4,175,222 shares of the construction company’s stock worth $128,389,000 after purchasing an additional 4,051,706 shares during the last quarter. State Street Corp lifted its position in shares of Chicago Bridge & Iron Company N.V. by 181.4% during the 2nd quarter. State Street Corp now owns 4,059,198 shares of the construction company’s stock worth $80,086,000 after purchasing an additional 2,616,783 shares during the last quarter. Beck Mack & Oliver LLC lifted its position in shares of Chicago Bridge & Iron Company N.V. by 364.0% during the 2nd quarter. Beck Mack & Oliver LLC now owns 2,617,131 shares of the construction company’s stock worth $51,636,000 after purchasing an additional 2,053,099 shares during the last quarter. Fairpointe Capital LLC lifted its position in shares of Chicago Bridge & Iron Company N.V. by 41.9% during the 2nd quarter. Fairpointe Capital LLC now owns 4,048,371 shares of the construction company’s stock worth $79,875,000 after purchasing an additional 1,196,110 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Chicago Bridge & Iron Company N.V. by 80.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,767,093 shares of the construction company’s stock worth $54,337,000 after purchasing an additional 787,219 shares during the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.

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.

Earnings History and Estimates for Chicago Bridge & Iron Company N.V. (NYSE:CBI)

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