Northwest Pipe (NWPX) Releases Quarterly Earnings Results, Beats Expectations By $0.20 EPS
Northwest Pipe (NASDAQ: NWPX) posted its quarterly earnings results on Thursday. The company reported $0.48 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.28 by $0.20.
Several analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of Northwest Pipe from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, February 12th. They now have a $22.80 price target on the stock. On the ratings front, analysts at Jefferies Group cut their price target on shares of Northwest Pipe from $23.00 to $22.00 in a research note to investors on Wednesday, January 30th. They now have a “hold” rating on the stock.
Two analysts have rated the stock with a buy rating, and one has issued a hold rating to the company’s stock. The company currently has a consensus rating of “overweight” and an average price target of $27.33.
Shares of Northwest Pipe (NASDAQ: NWPX) traded up 1.45% during mid-day trading on Thursday, hitting $24.54. Northwest Pipe has a one year low of $18.87 and a one year high of $27.11. The stock’s 50-day moving average is currently $24.04. The company has a market cap of $230.2 million and a P/E ratio of 17.38.
Northwest Pipe Company is a manufacturer of large-diameter, high-pressure steel pipeline systems for use in water infrastructure applications, primarily related to drinking water systems.
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