Equities research analysts expect that Chicago Bridge & Iron (NYSE:CBI) will report $0.45 earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have issued estimates for Chicago Bridge & Iron’s earnings. The highest EPS estimate is $0.55 and the lowest is $0.37. Chicago Bridge & Iron reported earnings of $0.24 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 87.5%. The firm is expected to issue its next earnings results on Monday, May 14th.
According to Zacks, analysts expect that Chicago Bridge & Iron will report full-year earnings of $2.03 per share for the current financial year, with EPS estimates ranging from $1.75 to $2.64. For the next financial year, analysts forecast that the business will post earnings of $2.70 per share, with EPS estimates ranging from $2.21 to $3.38. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow Chicago Bridge & Iron.
Chicago Bridge & Iron (NYSE:CBI) last issued its earnings results on Tuesday, February 20th. The construction company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.01. Chicago Bridge & Iron had a negative net margin of 20.60% and a negative return on equity of 17.65%. The company had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.77 billion.
Chicago Bridge & Iron (NYSE:CBI) opened at $18.55 on Tuesday. Chicago Bridge & Iron has a 1 year low of $9.55 and a 1 year high of $31.69. The firm has a market cap of $1,900.00, a PE ratio of -6.18, a price-to-earnings-growth ratio of 1.02 and a beta of 2.44.
In other Chicago Bridge & Iron news, EVP Daniel M. Mccarthy sold 7,500 shares of the company’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $16.07, for a total value of $120,525.00. Following the sale, the executive vice president now owns 89,964 shares of the company’s stock, valued at $1,445,721.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in CBI. Compagnie Lombard Odier SCmA purchased a new stake in shares of Chicago Bridge & Iron in the fourth quarter valued at about $102,000. Global X Management Co. LLC lifted its holdings in shares of Chicago Bridge & Iron by 75.4% in the fourth quarter. Global X Management Co. LLC now owns 6,971 shares of the construction company’s stock valued at $113,000 after purchasing an additional 2,996 shares in the last quarter. Stratos Wealth Partners LTD. purchased a new position in shares of Chicago Bridge & Iron during the third quarter valued at approximately $176,000. Investors Research Corp purchased a new position in shares of Chicago Bridge & Iron during the fourth quarter valued at approximately $177,000. Finally, X Square Capital LLC purchased a new position in shares of Chicago Bridge & Iron during the fourth quarter valued at approximately $182,000. 63.55% of the stock is currently owned by institutional investors.
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Chicago Bridge & Iron 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.
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