Zacks: Brokerages Expect Chicago Bridge & Iron Company N.V. (NYSE:CBI) Will Post Earnings of $0.80 Per Share

Analysts expect that Chicago Bridge & Iron Company N.V. (NYSE:CBI) will report $0.80 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Chicago Bridge & Iron Company N.V.’s earnings, with the lowest EPS estimate coming in at $0.53 and the highest estimate coming in at $0.98. Chicago Bridge & Iron Company N.V. reported earnings of $1.17 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 31.6%. The firm is expected to announce its next quarterly earnings results after the market closes on Monday, August 7th.

According to Zacks, analysts expect that Chicago Bridge & Iron Company N.V. will report full year earnings of $2.71 per share for the current fiscal year, with EPS estimates ranging from $2.30 to $3.19. For the next financial year, analysts forecast that the business will report earnings of $3.32 per share, with EPS estimates ranging from $2.80 to $3.66. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Chicago Bridge & Iron Company N.V..

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last posted its earnings results on Monday, May 8th. The construction company reported $0.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.95 by $0.71. The company had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.42 billion. Chicago Bridge & Iron Company N.V. had a positive return on equity of 17.98% and a negative net margin of 3.81%. Chicago Bridge & Iron Company N.V.’s quarterly revenue was down 11.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.01 EPS.

A number of equities research analysts recently issued reports on the company. UBS AG reissued a “buy” rating and set a $21.00 price target (down previously from $32.00) on shares of Chicago Bridge & Iron Company N.V. in a research report on Wednesday, May 24th. Citigroup Inc. reissued a “neutral” rating and set a $20.00 price target (down previously from $23.00) on shares of Chicago Bridge & Iron Company N.V. in a research report on Tuesday, July 18th. Credit Suisse Group set a $40.00 price target on Chicago Bridge & Iron Company N.V. and gave the stock a “buy” rating in a research report on Saturday, April 22nd. Macquarie increased their price target on Chicago Bridge & Iron Company N.V. from $10.00 to $14.00 and gave the stock a “sell” rating in a research report on Wednesday, June 28th. Finally, Vertical Research reissued a “buy” rating and set a $45.00 price target on shares of Chicago Bridge & Iron Company N.V. in a research report on Friday, June 30th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Chicago Bridge & Iron Company N.V. currently has a consensus rating of “Hold” and a consensus price target of $29.05.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) traded down 1.88% during trading on Thursday, hitting $17.79. The company had a trading volume of 3,278,183 shares. Chicago Bridge & Iron Company N.V. has a one year low of $12.91 and a one year high of $38.41. The company’s market capitalization is $1.79 billion. The stock has a 50-day moving average of $17.19 and a 200 day moving average of $26.78.

The company also recently declared a special dividend, which was paid on Friday, June 30th. Stockholders of record on Friday, June 23rd were paid a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, June 21st. Chicago Bridge & Iron Company N.V.’s payout ratio is -6.93%.

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In other news, VP Westley S. Stockton sold 2,657 shares of the stock in a transaction on Tuesday, April 25th. The stock was sold at an average price of $31.00, for a total value of $82,367.00. Following the completion of the transaction, the vice president now directly owns 19,005 shares in the company, valued at approximately $589,155. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Edgar C. Ray sold 48,700 shares of the stock in a transaction on Tuesday, April 25th. The shares were sold at an average price of $31.03, for a total value of $1,511,161.00. Following the completion of the transaction, the insider now owns 60,496 shares of the company’s stock, valued at $1,877,190.88. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in CBI. Patten & Patten Inc. TN boosted its position in shares of Chicago Bridge & Iron Company N.V. by 2.1% in the first quarter. Patten & Patten Inc. TN now owns 9,885 shares of the construction company’s stock worth $304,000 after buying an additional 200 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Chicago Bridge & Iron Company N.V. by 1.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 23,291 shares of the construction company’s stock worth $716,000 after buying an additional 277 shares during the last quarter. Selway Asset Management boosted its position in shares of Chicago Bridge & Iron Company N.V. by 0.3% in the first quarter. Selway Asset Management now owns 88,550 shares of the construction company’s stock worth $2,723,000 after buying an additional 300 shares during the last quarter. Clearbridge Investments LLC boosted its position in shares of Chicago Bridge & Iron Company N.V. by 8.5% in the first quarter. Clearbridge Investments LLC now owns 3,820 shares of the construction company’s stock worth $117,000 after buying an additional 300 shares during the last quarter. Finally, Exane Derivatives boosted its position in shares of Chicago Bridge & Iron Company N.V. by 2.3% in the first quarter. Exane Derivatives now owns 14,615 shares of the construction company’s stock worth $449,000 after buying an additional 327 shares during the last quarter. Institutional investors own 65.63% of the company’s stock.

Chicago Bridge & Iron Company N.V. Company Profile

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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