Northwest Pipe (NASDAQ:NWPX) Issues Quarterly Earnings Results, Beats Estimates By $0.05 EPS

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Northwest Pipe (NASDAQ:NWPX) posted its quarterly earnings results on Sunday. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.05, MarketWatch Earnings reports. Northwest Pipe had a return on equity of 10.77% and a net margin of 8.95%.

NWPX traded down $0.57 during midday trading on Tuesday, reaching $33.20. 318 shares of the company were exchanged, compared to its average volume of 42,313. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.07 and a current ratio of 4.92. Northwest Pipe has a one year low of $19.33 and a one year high of $38.08. The stock has a market capitalization of $327.29 million, a P/E ratio of 12.89 and a beta of 0.88. The stock’s 50-day simple moving average is $33.26 and its 200 day simple moving average is $30.93.

NWPX has been the topic of several recent research reports. Zacks Investment Research cut Northwest Pipe from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 9th. DA Davidson reiterated a “buy” rating on shares of Northwest Pipe in a report on Thursday, March 4th.

About Northwest Pipe

Northwest Pipe Co operates as a manufacturer of engineered steel pipe water systems in North America. It operates through the Water Infrastructure segment, which produces engineered pipeline systems including steel pipe, reinforced concrete pipe, and protective linings. These pipeline systems are primarily used in water infrastructure including drinking water systems, hydroelectric power systems, wastewater systems, industrial plant piping systems, certain structural applications and other applications.

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Earnings History for Northwest Pipe (NASDAQ:NWPX)

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