Babcock & Wilcox Enterprises Inc. (BW) Trading 3.1% Higher
Babcock & Wilcox Enterprises Inc. (NYSE:BW) shares traded up 3.1% during trading on Wednesday . The company traded as high as $16.30 and last traded at $15.73, with a volume of 704,062 shares changing hands. The stock had previously closed at $15.25.
Separately, Zacks Investment Research upgraded Babcock & Wilcox Enterprises from a “sell” rating to a “hold” rating in a research report on Tuesday, May 3rd.
The stock has a 50 day moving average price of $15.63 and a 200 day moving average price of $19.65. The company has a market capitalization of $817.89 million and a P/E ratio of 51.57.
Babcock & Wilcox Enterprises (NYSE:BW) last announced its quarterly earnings results on Tuesday, August 9th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.15) by $0.05. The company earned $383.20 million during the quarter, compared to the consensus estimate of $432.54 million. The company’s quarterly revenue was down 12.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.27 EPS. Analysts anticipate that Babcock & Wilcox Enterprises Inc. will post $0.69 EPS for the current year.
Babcock & Wilcox Enterprises, Inc is a technology-based provider of fossil and renewable power generation and environmental equipment that includes a suite of boiler products and environmental systems, and services for power and industrial uses. The Company operates in three segments: Global Power, Global Services and Industrial Environmental.
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