Analysts Expect Northwest Pipe Company (NWPX) to Post ($0.12) EPS

Shares of Northwest Pipe Company (NASDAQ:NWPX) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation. Northwest Pipe’s rating score has improved by 50% from 90 days ago as a result of various analysts’ upgrades and downgrades.

Brokers have set a one year consensus price target of $26.00 for the company and are expecting that the company will post ($0.12) EPS for the current quarter, according to Zacks. Zacks has also assigned Northwest Pipe an industry rank of 177 out of 265 based on the ratings given to its competitors.

Separately, Zacks Investment Research downgraded shares of Northwest Pipe from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th.

Hedge funds and other institutional investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company lifted its stake in Northwest Pipe by 26,137.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,183 shares of the industrial products company’s stock valued at $149,000 after acquiring an additional 9,148 shares in the last quarter. New York State Common Retirement Fund bought a new position in Northwest Pipe during the 2nd quarter valued at $166,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Northwest Pipe during the 3rd quarter valued at $169,000. Smith Moore & CO. purchased a new stake in shares of Northwest Pipe during the 3rd quarter valued at $190,000. Finally, Royal Bank of Canada increased its position in shares of Northwest Pipe by 89.4% during the 2nd quarter. Royal Bank of Canada now owns 12,500 shares of the industrial products company’s stock valued at $204,000 after purchasing an additional 5,900 shares during the last quarter. 86.33% of the stock is owned by hedge funds and other institutional investors.

Northwest Pipe (NASDAQ:NWPX) opened at $19.34 on Thursday. The firm has a market cap of $185.23, a price-to-earnings ratio of -107.44, a P/E/G ratio of 3.51 and a beta of 1.25. Northwest Pipe has a 1-year low of $12.41 and a 1-year high of $21.11.

Northwest Pipe (NASDAQ:NWPX) last announced its quarterly earnings data on Tuesday, October 31st. The industrial products company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.09). The business had revenue of $38.80 million for the quarter, compared to the consensus estimate of $40.00 million. Northwest Pipe had a negative net margin of 1.59% and a negative return on equity of 3.03%. Northwest Pipe’s quarterly revenue was down 5.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.08 EPS. research analysts forecast that Northwest Pipe will post -0.9 earnings per share for the current year.

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Northwest Pipe Company Profile

Northwest Pipe Company is a manufacturer of engineered steel pipe water systems. The Company operates through two segments. The Water Transmission segment produces steel pipeline systems for use in drinking water infrastructure, and has approximately eight manufacturing facilities, located in Portland, Oregon; Denver, Colorado; Adelanto, California; Parkersburg, West Virginia; Saginaw, Texas; St.

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