Chicago Bridge & Iron Company N.V. (NYSE:CBI) – Investment analysts at DA Davidson decreased their FY2017 earnings per share (EPS) estimates for Chicago Bridge & Iron Company N.V. in a report released on Tuesday. DA Davidson analyst B. Thielman now anticipates that the construction company will post earnings per share of ($2.06) for the year, down from their prior forecast of ($1.70). DA Davidson currently has a “Buy” rating and a $25.00 target price on the stock. DA Davidson also issued estimates for Chicago Bridge & Iron Company N.V.’s FY2018 earnings at $1.76 EPS and FY2019 earnings at $2.50 EPS.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last issued its quarterly earnings data on Monday, October 30th. The construction company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.19). The company had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Chicago Bridge & Iron Company N.V. had a negative return on equity of 10.47% and a negative net margin of 13.33%. 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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A number of other analysts have also recently commented on CBI. BidaskClub raised Chicago Bridge & Iron Company N.V. from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Citigroup Inc. reissued a “neutral” rating and issued a $20.00 price target (down from $23.00) on shares of Chicago Bridge & Iron Company N.V. in a research report on Tuesday, July 18th. Credit Suisse Group cut Chicago Bridge & Iron Company N.V. from an “outperform” rating to a “neutral” rating and set a $21.00 price target on the stock. in a research report on Monday, July 24th. Bank of America Corporation initiated coverage on shares of Chicago Bridge & Iron Company N.V. in a report on Monday, August 7th. They issued an “underperform” rating and a $14.00 price objective for the company. Finally, Robert W. Baird set a $10.00 price objective on shares of Chicago Bridge & Iron Company N.V. and gave the stock a “hold” rating in a report on Thursday, August 10th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $20.65.

A number of institutional investors and hedge funds have recently made changes to their positions in CBI. Vanguard Group Inc. increased its stake in shares of Chicago Bridge & Iron Company N.V. by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 8,368,949 shares of the construction company’s stock worth $257,345,000 after purchasing an additional 308,397 shares in the last quarter. BlackRock Inc. increased its stake in shares of Chicago Bridge & Iron Company N.V. by 51.9% in the 2nd quarter. BlackRock Inc. now owns 6,340,731 shares of the construction company’s stock worth $125,104,000 after purchasing an additional 2,165,509 shares in the last quarter. State Street Corp increased its stake in shares of Chicago Bridge & Iron Company N.V. by 181.4% in 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 in the last quarter. Fairpointe Capital LLC increased its stake in shares of Chicago Bridge & Iron Company N.V. by 41.9% in 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 in the last quarter. Finally, Beck Mack & Oliver LLC increased its stake in shares of Chicago Bridge & Iron Company N.V. by 364.0% in 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 in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

In other Chicago Bridge & Iron Company N.V. news, insider Daniel M. Mccarthy sold 7,500 shares of the business’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $16.04, for a total transaction of $120,300.00. Following the completion of the sale, the insider now directly owns 112,464 shares in the company, valued at approximately $1,803,922.56. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.10% of the stock is currently owned by insiders.

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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