Wall Street analysts expect Chicago Bridge & Iron Company N.V. (NYSE:CBI) to post $1.75 billion in sales for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Chicago Bridge & Iron’s earnings, with the highest sales estimate coming in at $1.82 billion and the lowest estimate coming in at $1.70 billion. Chicago Bridge & Iron reported sales of $2.54 billion in the same quarter last year, which indicates a negative year over year growth rate of 31.1%. The firm is scheduled to announce its next earnings report on Tuesday, February 27th.

On average, analysts expect that Chicago Bridge & Iron will report full year sales of $1.75 billion for the current year, with estimates ranging from $6.55 billion to $7.27 billion. For the next year, analysts expect that the business will report sales of $6.46 billion per share, with estimates ranging from $5.96 billion to $7.36 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Chicago Bridge & Iron.

Chicago Bridge & Iron (NYSE:CBI) last issued its quarterly earnings data on Monday, October 30th. The construction company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.19). Chicago Bridge & Iron had a negative net margin of 13.33% and a negative return on equity of 10.86%. The business had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter last year, the business earned $1.20 EPS. Chicago Bridge & Iron’s revenue for the quarter was down 18.7% compared to the same quarter last year.

A number of equities research analysts have weighed in on CBI shares. Bank of America started coverage on Chicago Bridge & Iron in a research note on Monday, August 7th. They set an “underperform” rating and a $14.00 price objective for the company. Citigroup set a $18.00 price objective on Chicago Bridge & Iron and gave the company a “hold” rating in a research note on Thursday, August 10th. Robert W. Baird set a $10.00 price objective on Chicago Bridge & Iron and gave the company a “hold” rating in a research note on Thursday, August 10th. Deutsche Bank set a $21.00 target price on Chicago Bridge & Iron and gave the stock a “buy” rating in a research report on Thursday, August 10th. Finally, DA Davidson reiterated a “buy” rating and issued a $25.00 target price (down previously from $40.00) on shares of Chicago Bridge & Iron in a research report on Thursday, August 10th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Chicago Bridge & Iron has a consensus rating of “Hold” and an average price target of $20.79.

Shares of Chicago Bridge & Iron (NYSE:CBI) opened at $17.08 on Friday. Chicago Bridge & Iron has a 12 month low of $9.55 and a 12 month high of $36.56.

In other news, insider Daniel M. Mccarthy sold 7,500 shares of Chicago Bridge & Iron stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $15.34, for a total value of $115,050.00. Following the completion of the transaction, the insider now owns 97,464 shares in the company, valued at approximately $1,495,097.76. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last quarter, insiders sold 22,500 shares of company stock valued at $357,525. Insiders own 1.10% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Chicago Partners Investment Group LLC lifted its holdings in shares of Chicago Bridge & Iron by 907.6% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 6,600 shares of the construction company’s stock worth $130,000 after purchasing an additional 5,945 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Chicago Bridge & Iron by 47.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,697 shares of the construction company’s stock worth $152,000 after purchasing an additional 2,466 shares during the last quarter. Ameritas Investment Partners Inc. lifted its holdings in shares of Chicago Bridge & Iron by 1,648.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,849 shares of the construction company’s stock worth $175,000 after purchasing an additional 8,343 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Chicago Bridge & Iron in the 2nd quarter worth approximately $177,000. Finally, Stratos Wealth Partners LTD. bought a new stake in shares of Chicago Bridge & Iron in the 3rd quarter worth approximately $176,000. 66.50% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: “Chicago Bridge & Iron Company N.V. (CBI) Expected to Post Quarterly Sales of $1.75 Billion” was first published by American Banking News and is owned by of American Banking News. If you are reading this article on another publication, it was stolen and republished in violation of United States and international copyright & trademark legislation. The legal version of this article can be accessed at https://www.americanbankingnews.com/2017/12/02/chicago-bridge-iron-company-n-v-cbi-expected-to-post-quarterly-sales-of-1-75-billion.html.

About Chicago Bridge & Iron

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.

Get a free copy of the Zacks research report on Chicago Bridge & Iron (CBI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Chicago Bridge & Iron (NYSE:CBI)

Receive News & Ratings for Chicago Bridge & Iron Company N.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chicago Bridge & Iron Company N.V. and related companies with MarketBeat.com's FREE daily email newsletter.