Brokerages Expect Broadwind, Inc. (NASDAQ:BWEN) Will Post Earnings of -$0.08 Per Share

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%.

BWEN has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Broadwind from a “strong sell” rating to a “hold” rating in a report on Monday. Roth Capital decreased their target price on shares of Broadwind from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Monday, August 9th.

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.

About Broadwind

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.

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