Shares of Broadwind Energy Inc. (NASDAQ:BWEN) have received an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.

Brokers have set a one year consensus price objective of $5.50 for the company and are forecasting that the company will post ($0.30) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Broadwind Energy an industry rank of 110 out of 265 based on the ratings given to related companies.

BWEN has been the topic of several research reports. Zacks Investment Research downgraded shares of Broadwind Energy from a “hold” rating to a “sell” rating in a research note on Thursday, November 2nd. Roth Capital set a $5.00 price target on shares of Broadwind Energy and gave the stock a “buy” rating in a research note on Tuesday, October 31st. Finally, ValuEngine downgraded shares of Broadwind Energy from a “sell” rating to a “strong sell” rating in a research note on Sunday, December 31st.

A number of hedge funds have recently modified their holdings of the business. National Planning Corp purchased a new position in Broadwind Energy during the third quarter worth about $436,000. Dimensional Fund Advisors LP raised its stake in Broadwind Energy by 16.3% during the third quarter. Dimensional Fund Advisors LP now owns 411,768 shares of the industrial products company’s stock worth $1,334,000 after purchasing an additional 57,813 shares during the period. Macquarie Group Ltd. purchased a new position in Broadwind Energy during the third quarter worth about $166,000. Grace & White Inc. NY raised its stake in Broadwind Energy by 31.9% during the third quarter. Grace & White Inc. NY now owns 932,077 shares of the industrial products company’s stock worth $3,020,000 after purchasing an additional 225,564 shares during the period. Finally, AWM Investment Company Inc. purchased a new position in Broadwind Energy during the second quarter worth about $7,270,000. 52.96% of the stock is currently owned by institutional investors.

Broadwind Energy (NASDAQ:BWEN) traded down $0.01 during trading hours on Monday, hitting $2.78. 31,900 shares of the stock traded hands, compared to its average volume of 42,767. The company has a current ratio of 0.99, a quick ratio of 0.43 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $42.10, a P/E ratio of 11.58 and a beta of 1.55. Broadwind Energy has a 12-month low of $2.34 and a 12-month high of $9.80.

Broadwind Energy (NASDAQ:BWEN) last posted its quarterly earnings results on Tuesday, October 31st. The industrial products company reported ($0.14) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.02. The firm had revenue of $29.60 million for the quarter, compared to the consensus estimate of $29.84 million. Broadwind Energy had a net margin of 2.05% and a negative return on equity of 1.31%. The company’s revenue for the quarter was down 30.4% on a year-over-year basis. During the same period last year, the firm posted $0.08 earnings per share. analysts expect that Broadwind Energy will post -0.07 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: This news story was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another site, it was copied illegally and reposted in violation of United States & international copyright & trademark legislation. The original version of this news story can be viewed at https://www.americanbankingnews.com/2018/01/15/analysts-expect-broadwind-energy-inc-bwen-to-post-0-30-eps.html.

Broadwind Energy Company Profile

Broadwind Energy, Inc provides technologically advanced products and services to energy, mining and infrastructure sector customers, primarily in the United States. The Company is engaged primarily in United States wind energy industry. The Company operates through two segments: Towers and Weldments, and Gearing.

Get a free copy of the Zacks research report on Broadwind Energy (BWEN)

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

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