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.
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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