FY2017 EPS Estimates for Babcock Reduced by Analyst (BW)

Babcock (NYSE:BW) – Research analysts at KeyCorp reduced their FY2017 EPS estimates for Babcock in a research note issued to investors on Wednesday. KeyCorp analyst T. Afzal now forecasts that the technology company will earn ($3.07) per share for the year, down from their previous estimate of ($2.63). KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Babcock’s Q4 2017 earnings at $0.04 EPS, FY2018 earnings at $0.43 EPS and FY2019 earnings at $0.73 EPS.

Babcock (NYSE:BW) last released its quarterly earnings results on Wednesday, November 8th. The technology company reported ($0.49) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.25). The business had revenue of $408.70 million for the quarter, compared to the consensus estimate of $413.41 million. Babcock had a negative net margin of 22.48% and a negative return on equity of 50.88%. The company’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the company earned $0.24 EPS.

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Other research analysts have also issued research reports about the company. Zacks Investment Research lowered Babcock from a “hold” rating to a “strong sell” rating in a research report on Monday, August 14th. BidaskClub lowered Babcock from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. UBS AG lowered Babcock from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $13.00 to $3.00 in a research report on Monday, August 14th. Finally, Credit Suisse Group decreased their target price on Babcock from $10.00 to $3.70 and set an “underperform” rating for the company in a research report on Friday, August 11th. Three investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $7.18.

Babcock (BW) opened at $4.35 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of 0.67. Babcock has a 52-week low of $1.61 and a 52-week high of $17.72.

In other news, major shareholder Vintage Capital Management Llc bought 1,686,945 shares of the firm’s stock in a transaction dated Thursday, September 14th. The stock was purchased at an average price of $3.10 per share, with a total value of $5,229,529.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 2.50% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the stock. ETRADE Capital Management LLC increased its position in Babcock by 0.7% during the 2nd quarter. ETRADE Capital Management LLC now owns 13,288 shares of the technology company’s stock valued at $156,000 after buying an additional 95 shares in the last quarter. American International Group Inc. increased its position in Babcock by 7.1% during the 1st quarter. American International Group Inc. now owns 28,154 shares of the technology company’s stock valued at $263,000 after buying an additional 1,859 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in Babcock by 30.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 9,330 shares of the technology company’s stock valued at $110,000 after buying an additional 2,200 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in Babcock by 0.9% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 282,251 shares of the technology company’s stock valued at $2,637,000 after buying an additional 2,430 shares in the last quarter. Finally, Rhumbline Advisers increased its position in Babcock by 4.5% during the 2nd quarter. Rhumbline Advisers now owns 60,418 shares of the technology company’s stock valued at $711,000 after buying an additional 2,614 shares in the last quarter. 84.50% of the stock is owned by institutional investors.

About Babcock

Babcock & Wilcox Enterprises, Inc is a technology-based provider of fossil and renewable power generation and environmental equipment that includes a suite of boiler products and environmental systems, and services for power and industrial uses. The Company operates in three segments: Power, Renewable and Industrial.

Earnings History and Estimates for Babcock (NYSE:BW)

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