Babcock & Wilcox Enterprises (BW) Scheduled to Post Earnings on Monday


Babcock & Wilcox Enterprises (NYSE:BW – Get Rating) is set to post its quarterly earnings results after the market closes on Monday, August 8th. Analysts expect Babcock & Wilcox Enterprises to post earnings of $0.03 per share for the quarter. Investors who are interested in registering for the company’s conference call can do so using this link.

Babcock & Wilcox Enterprises (NYSE:BW – Get Rating) last posted its earnings results on Monday, May 9th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.06). The company had revenue of $204.00 million for the quarter, compared to analyst estimates of $193.80 million. Babcock & Wilcox Enterprises had a return on equity of 152.18% and a net margin of 5.01%. During the same quarter in the previous year, the firm posted ($0.22) earnings per share. On average, analysts expect Babcock & Wilcox Enterprises to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Babcock & Wilcox Enterprises Price Performance

Babcock & Wilcox Enterprises stock opened at $8.31 on Friday. The firm has a market capitalization of $731.98 million, a P/E ratio of 28.66 and a beta of 2.48. Babcock & Wilcox Enterprises has a 1-year low of $5.19 and a 1-year high of $10.37. The business has a 50-day moving average of $6.72 and a 200-day moving average of $7.22. The company has a current ratio of 1.70, a quick ratio of 1.42 and a debt-to-equity ratio of 8.19.

Insider Activity at Babcock & Wilcox Enterprises

In other Babcock & Wilcox Enterprises news, CFO Louis Salamone, Jr. purchased 20,000 shares of the company’s stock in a transaction that occurred on Thursday, May 12th. The shares were acquired at an average price of $5.41 per share, for a total transaction of $108,200.00. Following the purchase, the chief financial officer now owns 386,982 shares in the company, valued at $2,093,572.62. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director B. Riley Financial, Inc. acquired 200,000 shares of the stock in a transaction on Thursday, May 12th. The shares were purchased at an average price of $5.71 per share, for a total transaction of $1,142,000.00. Following the transaction, the director now directly owns 11,531,099 shares of the company’s stock, valued at $65,842,575.29. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Louis Salamone, Jr. acquired 20,000 shares of the stock in a transaction on Thursday, May 12th. The shares were purchased at an average price of $5.41 per share, for a total transaction of $108,200.00. Following the transaction, the chief financial officer now directly owns 386,982 shares in the company, valued at $2,093,572.62. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 270,000 shares of company stock worth $1,521,900. Company insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BW. Bank of America Corp DE increased its position in shares of Babcock & Wilcox Enterprises by 7.4% in the first quarter. Bank of America Corp DE now owns 334,203 shares of the technology company’s stock worth $2,726,000 after purchasing an additional 22,979 shares during the period. Keeley Teton Advisors LLC bought a new position in shares of Babcock & Wilcox Enterprises in the first quarter worth $212,000. Goldman Sachs Group Inc. increased its position in shares of Babcock & Wilcox Enterprises by 265.9% in the first quarter. Goldman Sachs Group Inc. now owns 428,731 shares of the technology company’s stock worth $3,498,000 after purchasing an additional 311,552 shares during the period. Wellington Management Group LLP increased its position in shares of Babcock & Wilcox Enterprises by 28.5% in the first quarter. Wellington Management Group LLP now owns 292,404 shares of the technology company’s stock worth $2,386,000 after purchasing an additional 64,900 shares during the period. Finally, State Street Corp grew its position in Babcock & Wilcox Enterprises by 4.3% in the first quarter. State Street Corp now owns 996,279 shares of the technology company’s stock valued at $8,130,000 after acquiring an additional 40,912 shares during the last quarter. Institutional investors own 81.86% of the company’s stock.

Analysts Set New Price Targets

BW has been the subject of several research analyst reports. StockNews.com lowered Babcock & Wilcox Enterprises from a “hold” rating to a “sell” rating in a research report on Friday, May 13th. Craig Hallum began coverage on Babcock & Wilcox Enterprises in a research report on Tuesday, July 19th. They issued a “buy” rating and a $11.00 price objective for the company. Two research analysts have rated the stock with a sell rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $10.67.

About Babcock & Wilcox Enterprises

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Babcock & Wilcox Enterprises, Inc., together with its subsidiaries, provides energy and emissions control solutions to a range of industrial, electrical utility, municipal, and other customers worldwide. It operates through three segments: Babcock & Wilcox Renewable; Babcock & Wilcox Environmental; and Babcock & Wilcox Thermal.

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Earnings History for Babcock & Wilcox Enterprises (NYSE:BW)



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