Babcock & Wilcox Enterprises (BW) to Release Quarterly Earnings on Thursday

Babcock & Wilcox Enterprises (NYSE:BW) is scheduled to be releasing its earnings data after the market closes on Thursday, May 9th. Analysts expect Babcock & Wilcox Enterprises to post earnings of ($0.05) per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Babcock & Wilcox Enterprises (NYSE:BW) last issued its quarterly earnings results on Thursday, March 14th. The technology company reported ($0.22) earnings per share (EPS) for the quarter. The firm had revenue of $227.20 million during the quarter, compared to analysts’ expectations of $255.20 million. On average, analysts expect Babcock & Wilcox Enterprises to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Babcock & Wilcox Enterprises Trading Down 2.6 %

Shares of BW opened at $1.14 on Wednesday. The company has a market cap of $102.01 million, a PE ratio of -0.48 and a beta of 1.41. The stock has a 50-day moving average price of $1.13 and a 200-day moving average price of $1.41. Babcock & Wilcox Enterprises has a 12-month low of $0.75 and a 12-month high of $6.64.

Insider Buying and Selling

In other news, CEO Kenneth M. Young bought 29,229 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was bought at an average price of $1.03 per share, for a total transaction of $30,105.87. Following the transaction, the chief executive officer now directly owns 241,745 shares of the company’s stock, valued at approximately $248,997.35. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders bought 59,229 shares of company stock worth $62,006 in the last quarter. 4.26% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BW. DA Davidson dropped their price target on Babcock & Wilcox Enterprises from $4.00 to $3.50 and set a “buy” rating for the company in a research report on Tuesday, March 19th. Lake Street Capital dropped their price target on Babcock & Wilcox Enterprises from $11.00 to $8.00 and set a “buy” rating for the company in a research report on Thursday, April 11th. Finally, StockNews.com downgraded Babcock & Wilcox Enterprises from a “hold” rating to a “sell” rating in a research report on Tuesday.

About Babcock & Wilcox Enterprises

Babcock & Wilcox Enterprises, Inc, together with its subsidiaries, provides energy and emissions control solutions to industrial, electrical utility, municipal, and other customers worldwide. The company operates through three segments: Babcock & Wilcox Renewable; Babcock & Wilcox Environmental; and Babcock & Wilcox Thermal.