Babcock (NYSE:BW) Announces Quarterly Earnings Results

Babcock (NYSE:BW) announced its quarterly earnings data on Monday. The technology company reported $0.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.03, FiscalAI reports. Babcock had a negative net margin of 2.17% and a negative return on equity of 4.51%. The company had revenue of $290.80 million during the quarter, compared to analysts’ expectations of $226.45 million.

Babcock Price Performance

Shares of Babcock stock traded up $0.54 during trading on Monday, reaching $3.79. The company’s stock had a trading volume of 7,925,258 shares, compared to its average volume of 4,245,381. The stock has a 50-day moving average price of $5.72 and a two-hundred day moving average price of $11.31. The company has a current ratio of 1.45, a quick ratio of 1.33 and a debt-to-equity ratio of 4.21. Babcock has a one year low of $3.07 and a one year high of $22.03. The stock has a market capitalization of $563.81 million, a P/E ratio of -21.03 and a beta of 1.24.

Insider Buying and Selling

In related news, Director Philip Moeller acquired 5,000 shares of the firm’s stock in a transaction on Thursday, August 13th. The shares were purchased at an average price of $9.50 per share, with a total value of $47,500.00. Following the acquisition, the director directly owned 240,809 shares in the company, valued at $2,287,685.50. The trade was a 2.12% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 2.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BW. Wall Street Zen lowered shares of Babcock from a “buy” rating to a “hold” rating in a research report on Sunday, August 23rd. Needham & Company LLC started coverage on shares of Babcock in a research note on Monday, August 31st. They set a “buy” rating and a $20.00 price target for the company. Finally, Weiss Ratings raised Babcock from a “sell (d-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $17.00.

About Babcock

Babcock & Wilcox Enterprises, Inc is an energy and environmental technology company that provides equipment, systems and services for power generation, industrial operations and waste management. Its offerings include steam-generating technologies, boilers, emissions-control systems, construction and maintenance services, and related engineering support.

The company also develops technologies for renewable energy and waste conversion, including solutions designed to transform waste and biomass into useful heat and power.