Chicago Bridge & Iron Co. (NYSE:CBI) – Research analysts at KeyCorp cut their FY2016 earnings per share (EPS) estimates for shares of Chicago Bridge & Iron Co. in a research note issued on Monday. KeyCorp analyst M. Tucker now forecasts that the firm will earn $4.57 per share for the year, down from their prior forecast of $4.60. KeyCorp also issued estimates for Chicago Bridge & Iron Co.’s Q4 2016 earnings at $1.17 EPS and FY2017 earnings at $4.58 EPS.

Chicago Bridge & Iron Co. (NYSE:CBI) last released its earnings results on Wednesday, July 27th. The company reported $1.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.21 by $0.04. Chicago Bridge & Iron Co. had a positive return on equity of 24.66% and a negative net margin of 4.81%. The business earned $2.70 billion during the quarter, compared to analysts’ expectations of $2.82 billion. During the same period last year, the business earned $1.55 earnings per share. The company’s revenue for the quarter was down 15.9% compared to the same quarter last year.

CBI has been the subject of a number of other reports. MKM Partners set a $42.00 target price on shares of Chicago Bridge & Iron Co. and gave the company a “buy” rating in a report on Sunday, September 4th. Standpoint Research reiterated a “buy” rating on shares of Chicago Bridge & Iron Co. in a research note on Wednesday, July 27th. Johnson Rice lowered shares of Chicago Bridge & Iron Co. from a “buy” rating to a “hold” rating in a research note on Wednesday. Vetr upgraded shares of Chicago Bridge & Iron Co. from a “buy” rating to a “strong-buy” rating and set a $39.70 price target on the stock in a research note on Monday, August 1st. Finally, Citigroup Inc. lowered shares of Chicago Bridge & Iron Co. from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $48.00 to $38.00 in a research note on Monday, July 25th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $43.52.

Chicago Bridge & Iron Co. (NYSE:CBI) traded down 1.923% on Wednesday, reaching $26.265. 1,140,852 shares of the company’s stock were exchanged. The company’s market cap is $2.71 billion. The firm has a 50 day moving average of $31.22 and a 200-day moving average of $35.37. Chicago Bridge & Iron Co. has a 12-month low of $26.18 and a 12-month high of $46.39.

The firm also recently declared a dividend, which will be paid on Friday, September 30th. Stockholders of record on Monday, September 26th will be given a $0.07 dividend. The ex-dividend date of this dividend is Thursday, September 22nd. Chicago Bridge & Iron Co.’s dividend payout ratio is presently -5.12%.

In related news, EVP Patrick K. Mullen sold 11,985 shares of the company’s stock in a transaction that occurred on Thursday, June 23rd. The shares were sold at an average price of $36.65, for a total transaction of $439,250.25. Following the transaction, the executive vice president now owns 105,222 shares of the company’s stock, valued at $3,856,386.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Philip K. Asherman sold 53,400 shares of the company’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $34.06, for a total transaction of $1,818,804.00. Following the transaction, the insider now directly owns 743,250 shares in the company, valued at approximately $25,315,095. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the stock. Exane Derivatives increased its position in shares of Chicago Bridge & Iron Co. by 12.7% in the first quarter. Exane Derivatives now owns 11,189 shares of the company’s stock valued at $409,000 after buying an additional 1,264 shares during the last quarter. CIBC World Markets Inc. increased its position in shares of Chicago Bridge & Iron Co. by 6.7% in the first quarter. CIBC World Markets Inc. now owns 71,699 shares of the company’s stock valued at $2,623,000 after buying an additional 4,524 shares during the last quarter. Torray LLC increased its position in shares of Chicago Bridge & Iron Co. by 31.8% in the first quarter. Torray LLC now owns 239,050 shares of the company’s stock valued at $8,747,000 after buying an additional 57,720 shares during the last quarter. IFP Advisors Inc increased its position in shares of Chicago Bridge & Iron Co. by 1.0% in the first quarter. IFP Advisors Inc now owns 9,991 shares of the company’s stock valued at $366,000 after buying an additional 98 shares during the last quarter. Finally, Compton Capital Management Inc. RI increased its position in shares of Chicago Bridge & Iron Co. by 0.9% in the first quarter. Compton Capital Management Inc. RI now owns 11,085 shares of the company’s stock valued at $406,000 after buying an additional 100 shares during the last quarter. 65.94% of the stock is currently owned by institutional investors and hedge funds.

Chicago Bridge & Iron Co. Company Profile

Chicago Bridge & Iron Company N.V. (CB&I) provides a range of services to customers in the energy infrastructure market across the world. The Company provides various services, such as conceptual design, technology, engineering, procurement, fabrication, modularization, construction, commissioning, maintenance, program management and environmental services.

5 Day Chart for NYSE:CBI

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