Northwest Pipe (NWPX) to Release Quarterly Earnings on Wednesday

Northwest Pipe (NASDAQ:NWPX) will announce its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.34 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Northwest Pipe (NASDAQ:NWPX) last announced its quarterly earnings data on Tuesday, March 5th. The industrial products company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.42 by $0.12. The firm had revenue of $110.16 million for the quarter, compared to analyst estimates of $105.03 million. Northwest Pipe had a return on equity of 6.36% and a net margin of 4.74%. During the same period in the prior year, the company earned $0.85 EPS. On average, analysts expect Northwest Pipe to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Northwest Pipe Price Performance

Shares of Northwest Pipe stock opened at $32.05 on Wednesday. The company has a current ratio of 2.83, a quick ratio of 1.88 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $316.97 million, a PE ratio of 15.34, a price-to-earnings-growth ratio of 2.76 and a beta of 0.95. The business’s 50-day moving average price is $32.36 and its 200-day moving average price is $29.85. Northwest Pipe has a 12 month low of $25.58 and a 12 month high of $35.32.

Analysts Set New Price Targets

Several equities analysts recently issued reports on NWPX shares. TheStreet upgraded Northwest Pipe from a “c+” rating to a “b-” rating in a research report on Thursday, February 1st. DA Davidson raised their price target on Northwest Pipe from $37.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Finally, StockNews.com upgraded Northwest Pipe from a “hold” rating to a “buy” rating in a research report on Tuesday, March 5th.

Northwest Pipe Company Profile

Northwest Pipe Company, together with its subsidiaries, engages in the manufacture and supply of water-related infrastructure products in North America. It operates in two segments, Engineered Steel Pressure Pipe (SPP) and Precast Infrastructure and Engineered Systems (Precast). The SPP segment offers large-diameter and high-pressure steel pipeline systems for use in water infrastructure applications, which are primarily related to drinking water systems.