Analysts expect Chicago Bridge & Iron Company N.V. (NYSE:CBI) to post $0.85 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Chicago Bridge & Iron Company N.V.’s earnings, with the lowest EPS estimate coming in at $0.61 and the highest estimate coming in at $0.98. Chicago Bridge & Iron Company N.V. reported earnings of $1.17 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 27.4%. The company is expected to issue its next earnings results after the market closes on Wednesday, August 9th.

According to Zacks, analysts expect that Chicago Bridge & Iron Company N.V. will report full-year earnings of $2.85 per share for the current fiscal year, with EPS estimates ranging from $2.60 to $3.19. For the next financial year, analysts expect that the business will post earnings of $3.50 per share, with EPS estimates ranging from $3.40 to $3.66. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Chicago Bridge & Iron Company N.V..

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last issued its quarterly earnings data on Monday, May 8th. The construction company reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.95 by $0.71. Chicago Bridge & Iron Company N.V. had a negative net margin of 3.81% and a positive return on equity of 17.98%. The company had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same period in the previous year, the business posted $1.01 earnings per share. The firm’s revenue was down 11.4% on a year-over-year basis.

CBI has been the topic of several research analyst reports. Deutsche Bank AG upped their price objective on Chicago Bridge & Iron Company N.V. from $35.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, May 22nd. MKM Partners reiterated a “buy” rating and issued a $34.00 price objective (down previously from $41.00) on shares of Chicago Bridge & Iron Company N.V. in a research note on Friday, May 19th. Credit Suisse Group dropped their price objective on Chicago Bridge & Iron Company N.V. from $34.00 to $21.00 and set an “outperform” rating on the stock in a research note on Monday, June 19th. They noted that the move was a valuation call. Macquarie reiterated an “underperform” rating and issued a $10.00 price objective (down previously from $11.50) on shares of Chicago Bridge & Iron Company N.V. in a research note on Wednesday, June 21st. Finally, Citigroup Inc. reiterated a “neutral” rating and issued a $20.00 price objective (down previously from $23.00) on shares of Chicago Bridge & Iron Company N.V. in a research note on Tuesday, July 18th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Chicago Bridge & Iron Company N.V. has an average rating of “Hold” and an average price target of $28.86.

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Shares of Chicago Bridge & Iron Company N.V. (CBI) traded down 0.61% on Wednesday, reaching $16.31. The company’s stock had a trading volume of 3,169,664 shares. The firm’s market cap is $1.64 billion. Chicago Bridge & Iron Company N.V. has a 1-year low of $12.91 and a 1-year high of $36.56. The company’s 50 day moving average is $17.52 and its 200-day moving average is $25.70.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE boosted its position in Chicago Bridge & Iron Company N.V. by 111.8% in the first quarter. US Bancorp DE now owns 87,962 shares of the construction company’s stock valued at $2,705,000 after buying an additional 46,440 shares during the last quarter. Harbour Capital Advisors LLC boosted its position in Chicago Bridge & Iron Company N.V. by 1,873.0% in the second quarter. Harbour Capital Advisors LLC now owns 49,325 shares of the construction company’s stock valued at $2,500,000 after buying an additional 46,825 shares during the last quarter. GM Advisory Group Inc. purchased a new position in Chicago Bridge & Iron Company N.V. during the first quarter valued at $215,000. Parametric Portfolio Associates LLC boosted its position in Chicago Bridge & Iron Company N.V. by 3.9% in the first quarter. Parametric Portfolio Associates LLC now owns 269,372 shares of the construction company’s stock valued at $8,283,000 after buying an additional 10,228 shares during the last quarter. Finally, Highland Capital Management LLC boosted its position in Chicago Bridge & Iron Company N.V. by 3.7% in the second quarter. Highland Capital Management LLC now owns 43,686 shares of the construction company’s stock valued at $862,000 after buying an additional 1,570 shares during the last quarter. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

About Chicago Bridge & Iron Company N.V.

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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Earnings History and Estimates for Chicago Bridge & Iron Company N.V. (NYSE:CBI)

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