Wall Street brokerages expect Chicago Bridge & Iron (NYSE:CBI) to post sales of $1.78 billion for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Chicago Bridge & Iron’s earnings, with the highest sales estimate coming in at $1.85 billion and the lowest estimate coming in at $1.71 billion. Chicago Bridge & Iron reported sales of $2.54 billion during the same quarter last year, which indicates a negative year-over-year growth rate of 29.9%. The business is scheduled to issue its next quarterly earnings report on Tuesday, February 27th.

According to Zacks, analysts expect that Chicago Bridge & Iron will report full-year sales of $1.78 billion for the current year, with estimates ranging from $6.87 billion to $7.27 billion. For the next year, analysts anticipate that the firm will post sales of $6.58 billion per share, with estimates ranging from $6.01 billion to $7.36 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Chicago Bridge & Iron.

Chicago Bridge & Iron (NYSE:CBI) last posted its earnings results on Monday, October 30th. The construction company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.19). Chicago Bridge & Iron had a negative net margin of 13.33% and a negative return on equity of 10.86%. The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the prior year, the company posted $1.20 EPS. The firm’s revenue was down 18.7% compared to the same quarter last year.

A number of research analysts have weighed in on the company. Zacks Investment Research downgraded Chicago Bridge & Iron from a “hold” rating to a “strong sell” rating in a report on Thursday. Robert W. Baird set a $17.00 target price on Chicago Bridge & Iron and gave the company a “hold” rating in a report on Wednesday. MKM Partners downgraded Chicago Bridge & Iron from a “buy” rating to a “neutral” rating in a report on Wednesday. Deutsche Bank downgraded Chicago Bridge & Iron from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. Finally, Macquarie raised Chicago Bridge & Iron from an “underperform” rating to a “neutral” rating in a report on Tuesday, December 19th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $19.43.

Chicago Bridge & Iron (CBI) opened at $18.05 on Friday. Chicago Bridge & Iron has a 1-year low of $9.55 and a 1-year high of $36.15. The firm has a market capitalization of $1,816.23, a PE ratio of -1.71, a price-to-earnings-growth ratio of 1.05 and a beta of 2.22.

In other Chicago Bridge & Iron news, insider Daniel M. Mccarthy sold 7,500 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $15.34, for a total value of $115,050.00. Following the completion of the sale, the insider now owns 97,464 shares in the company, valued at $1,495,097.76. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In the last 90 days, insiders sold 22,500 shares of company stock valued at $357,750. Company insiders own 1.10% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of CBI. Schwab Charles Investment Management Inc. increased its position in Chicago Bridge & Iron by 29.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 570,839 shares of the construction company’s stock worth $11,263,000 after buying an additional 128,530 shares in the last quarter. Rhumbline Advisers increased its position in Chicago Bridge & Iron by 22.2% in the second quarter. Rhumbline Advisers now owns 122,535 shares of the construction company’s stock worth $2,418,000 after buying an additional 22,242 shares in the last quarter. Bank of New York Mellon Corp increased its position in Chicago Bridge & Iron by 39.7% in the second quarter. Bank of New York Mellon Corp now owns 481,964 shares of the construction company’s stock worth $9,509,000 after buying an additional 137,077 shares in the last quarter. Federated Investors Inc. PA increased its position in Chicago Bridge & Iron by 18.0% in the second quarter. Federated Investors Inc. PA now owns 43,218 shares of the construction company’s stock worth $853,000 after buying an additional 6,583 shares in the last quarter. Finally, Prudential Financial Inc. increased its position in Chicago Bridge & Iron by 10.9% in the second quarter. Prudential Financial Inc. now owns 297,868 shares of the construction company’s stock worth $5,877,000 after buying an additional 29,322 shares in the last quarter. Institutional investors and hedge funds own 70.68% of the company’s stock.

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About Chicago Bridge & Iron

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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