Analysts expect Chicago Bridge & Iron Company N.V. (NYSE:CBI) to report sales of $1.84 billion for the current quarter, Zacks reports. Two analysts have made estimates for Chicago Bridge & Iron Company N.V.’s earnings, with the highest sales estimate coming in at $1.90 billion and the lowest estimate coming in at $1.79 billion. Chicago Bridge & Iron Company N.V. posted sales of $2.78 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 33.8%. The business is scheduled to issue its next quarterly earnings results on Thursday, October 26th.

According to Zacks, analysts expect that Chicago Bridge & Iron Company N.V. will report full-year sales of $1.84 billion for the current fiscal year, with estimates ranging from $8.17 billion to $8.52 billion. For the next financial year, analysts anticipate that the business will post sales of $6.61 billion per share, with estimates ranging from $6.38 billion to $6.84 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover Chicago Bridge & Iron Company N.V..

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last announced its earnings results on Wednesday, August 9th. The construction company reported ($2.96) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.85 by $3.81. Chicago Bridge & Iron Company N.V. had a negative return on equity of 3.59% and a negative net margin of 10.54%. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same period in the prior year, the firm posted $1.17 earnings per share. The company’s revenue was down 40.6% on a year-over-year basis.

A number of research analysts recently issued reports on the stock. ValuEngine lowered shares of Chicago Bridge & Iron Company N.V. from a “hold” rating to a “sell” rating in a report on Friday. DA Davidson reiterated a “buy” rating and issued a $25.00 price objective (down previously from $40.00) on shares of Chicago Bridge & Iron Company N.V. in a report on Thursday. Deutsche Bank AG set a $21.00 price objective on shares of Chicago Bridge & Iron Company N.V. and gave the company a “buy” rating in a report on Thursday. Robert W. Baird set a $10.00 price objective on shares of Chicago Bridge & Iron Company N.V. and gave the company a “hold” rating in a report on Thursday. Finally, Citigroup Inc. set a $18.00 price objective on shares of Chicago Bridge & Iron Company N.V. and gave the company a “hold” rating in a report on Thursday. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Chicago Bridge & Iron Company N.V. has an average rating of “Hold” and a consensus price target of $26.63.

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Shares of Chicago Bridge & Iron Company N.V. (CBI) opened at 11.97 on Friday. The stock’s 50 day moving average is $17.58 and its 200 day moving average is $25.22. The firm’s market cap is $1.21 billion. Chicago Bridge & Iron Company N.V. has a 12 month low of $10.54 and a 12 month high of $36.56. Chicago Bridge & Iron Company N.V. also was the target of some unusual options trading activity on Wednesday. Stock investors purchased 896 call options on the company. This represents an increase of approximately 197% compared to the typical volume of 302 call options.

Hedge funds have recently made changes to their positions in the company. Glen Harbor Capital Management LLC increased its stake in shares of Chicago Bridge & Iron Company N.V. by 395.9% in the first quarter. Glen Harbor Capital Management LLC now owns 69,504 shares of the construction company’s stock valued at $2,137,000 after buying an additional 55,488 shares during the period. Sigma Planning Corp increased its stake in shares of Chicago Bridge & Iron Company N.V. by 60.2% in the first quarter. Sigma Planning Corp now owns 22,121 shares of the construction company’s stock valued at $680,000 after buying an additional 8,315 shares during the period. Nationwide Fund Advisors increased its stake in shares of Chicago Bridge & Iron Company N.V. by 9,639.4% in the first quarter. Nationwide Fund Advisors now owns 243,874 shares of the construction company’s stock valued at $7,499,000 after buying an additional 241,370 shares during the period. City Holding Co. increased its stake in shares of Chicago Bridge & Iron Company N.V. by 5.6% in the first quarter. City Holding Co. now owns 18,779 shares of the construction company’s stock valued at $577,000 after buying an additional 993 shares during the period. Finally, Butensky & Cohen Financial Security Inc. increased its stake in shares of Chicago Bridge & Iron Company N.V. by 3.6% in the first quarter. Butensky & Cohen Financial Security Inc. now owns 38,320 shares of the construction company’s stock valued at $1,178,000 after buying an additional 1,345 shares during the period. 67.19% of the stock is owned by institutional investors.

Chicago Bridge & Iron Company N.V. Company Profile

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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