Chicago Bridge & Iron Company N.V. (NYSE:CBI) – Jefferies Group dropped their FY2017 earnings estimates for Chicago Bridge & Iron Company N.V. in a report released on Tuesday. Jefferies Group analyst M. Englert now anticipates that the construction company will post earnings per share of ($2.08) for the year, down from their prior estimate of ($1.77). Jefferies Group currently has a “Hold” rating and a $15.00 price objective on the stock. Jefferies Group also issued estimates for Chicago Bridge & Iron Company N.V.’s Q4 2017 earnings at $0.32 EPS, Q1 2018 earnings at $0.29 EPS, FY2018 earnings at $1.62 EPS and FY2019 earnings at $2.80 EPS.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last announced its quarterly earnings data on Monday, October 30th. The construction company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm’s revenue for the quarter was down 18.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.20 earnings per share. ILLEGAL ACTIVITY NOTICE: “Jefferies Group Weighs in on Chicago Bridge & Iron Company N.V.’s FY2017 Earnings (CBI)” was originally reported by American Banking News and is the property of of American Banking News. If you are viewing this article on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://www.americanbankingnews.com/2017/11/02/jefferies-group-weighs-in-on-chicago-bridge-iron-company-n-v-s-fy2017-earnings-cbi.html.

Other analysts have also recently issued reports about the company. UBS AG raised their target price on Chicago Bridge & Iron Company N.V. from $13.00 to $17.00 and gave the stock a “neutral” rating in a research note on Wednesday. Citigroup Inc. reissued a “neutral” rating and issued a $20.00 target price (down from $23.00) on shares of Chicago Bridge & Iron Company N.V. in a research note on Tuesday, July 18th. BidaskClub raised Chicago Bridge & Iron Company N.V. from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. Robert W. Baird set a $10.00 target price on Chicago Bridge & Iron Company N.V. and gave the stock a “hold” rating in a research note on Thursday, August 10th. Finally, KeyCorp reissued a “hold” rating on shares of Chicago Bridge & Iron Company N.V. in a research note on Friday, September 22nd. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $20.65.

Institutional investors and hedge funds have recently modified their holdings of the business. KBC Group NV purchased a new stake in Chicago Bridge & Iron Company N.V. in the second quarter worth about $1,453,000. Schwab Charles Investment Management Inc. lifted its holdings in shares of Chicago Bridge & Iron Company N.V. by 8.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 442,309 shares of the construction company’s stock valued at $13,602,000 after purchasing an additional 35,279 shares during the last quarter. Harbour Capital Advisors LLC lifted its holdings in shares of Chicago Bridge & Iron Company N.V. by 1,873.0% during the second quarter. Harbour Capital Advisors LLC now owns 49,325 shares of the construction company’s stock valued at $2,500,000 after purchasing an additional 46,825 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Chicago Bridge & Iron Company N.V. by 51.9% during the second quarter. BlackRock Inc. now owns 6,340,731 shares of the construction company’s stock valued at $125,104,000 after purchasing an additional 2,165,509 shares during the last quarter. Finally, Century Capital Management LLC lifted its holdings in shares of Chicago Bridge & Iron Company N.V. by 60.2% during the second quarter. Century Capital Management LLC now owns 113,077 shares of the construction company’s stock valued at $2,231,000 after purchasing an additional 42,500 shares during 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, EVP Daniel M. Mccarthy sold 7,500 shares of the firm’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $16.29, for a total value of $122,175.00. Following the completion of the sale, the executive vice president now directly owns 104,964 shares in the company, valued at $1,709,863.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.10% of the company’s stock.

Chicago Bridge & Iron Company N.V. Company Profile

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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