Analysts expect Broadwind, Inc. (NASDAQ:BWEN) to announce earnings of ($0.08) per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Broadwind’s earnings. Broadwind posted earnings of ($0.06) per share in the same quarter last year, which would suggest a negative year over year growth rate of 33.3%. The firm is expected to report its next earnings report on Wednesday, November 3rd.
On average, analysts expect that Broadwind will report full-year earnings of ($0.62) per share for the current financial year. For the next financial year, analysts expect that the firm will post earnings of ($0.22) per share, with EPS estimates ranging from ($0.44) to $0.01. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Broadwind.
Broadwind (NASDAQ:BWEN) last posted its earnings results on Friday, August 6th. The industrial products company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.25). The company had revenue of $46.49 million during the quarter, compared to the consensus estimate of $46.42 million. Broadwind had a negative return on equity of 14.19% and a net margin of 3.49%.
In other news, Director Stephanie K. Kushner sold 10,412 shares of the firm’s stock in a transaction that occurred on Monday, July 19th. The shares were sold at an average price of $3.96, for a total transaction of $41,231.52. Following the completion of the sale, the director now owns 375,806 shares of the company’s stock, valued at approximately $1,488,191.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 32,912 shares of company stock valued at $108,132 in the last three months. Insiders own 10.10% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp grew its position in Broadwind by 10.0% in the 1st quarter. Bank of New York Mellon Corp now owns 48,238 shares of the industrial products company’s stock valued at $319,000 after purchasing an additional 4,395 shares during the period. Morgan Stanley grew its position in Broadwind by 402.0% in the 1st quarter. Morgan Stanley now owns 6,400 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 5,125 shares during the period. Geode Capital Management LLC grew its position in Broadwind by 11.6% in the 1st quarter. Geode Capital Management LLC now owns 113,437 shares of the industrial products company’s stock valued at $748,000 after purchasing an additional 11,827 shares during the period. Citizens Financial Group Inc RI bought a new position in Broadwind during the 2nd quarter valued at $61,000. Finally, Quinn Opportunity Partners LLC bought a new position in Broadwind during the 1st quarter valued at $99,000. 37.29% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ BWEN opened at $2.75 on Monday. The company has a 50 day simple moving average of $3.06 and a 200 day simple moving average of $4.16. The firm has a market cap of $53.31 million, a PE ratio of 9.82 and a beta of 1.28. Broadwind has a 1 year low of $2.36 and a 1 year high of $12.89. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.29 and a quick ratio of 0.61.
Broadwind, Inc is engaged in the manufacture of structures, equipment, and components for clean tech and other specialized applications. It operates through the following business segments: Heavy Fabrications, Gearing and Industrial Solutions. The Heavy Fabrications segment provides fabrications to customers in industrial markets.
Recommended Story: How much money do you need to begin day trading?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Broadwind Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Broadwind and related companies with MarketBeat.com's FREE daily email newsletter.