Chicago Bridge & Iron Company N.V. (NYSE:CBI) - Investment analysts at KeyCorp reduced their Q2 2017 EPS estimates for shares of Chicago Bridge & Iron Company N.V. in a note issued to investors on Wednesday. KeyCorp analyst T. Afzal now anticipates that the construction company will earn $0.85 per share for the quarter, down from their prior estimate of $0.97.
Chicago Bridge & Iron Company N.V. (NYSE:CBI) last released its quarterly earnings data 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. Chicago Bridge & Iron Company N.V. had a positive return on equity of 17.98% and a negative net margin of 3.81%. The company had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same quarter in the prior year, the company posted $1.01 EPS. The company’s revenue for the quarter was down 11.4% on a year-over-year basis. COPYRIGHT VIOLATION NOTICE: This story was first posted by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this story on another site, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark law. The legal version of this story can be viewed at https://stocknewstimes.com/2017/08/17/q2-2017-eps-estimates-for-chicago-bridge-iron-company-n-v-decreased-by-keycorp-nysecbi-updated-updated-updated.html.
Several other research analysts also recently weighed in on CBI. MKM Partners reiterated a “buy” rating and issued a $41.00 target price on shares of Chicago Bridge & Iron Company N.V. in a research note on Tuesday, March 28th. Credit Suisse Group AG set a $40.00 target price on Chicago Bridge & Iron Company N.V. and gave the company a “buy” rating in a research note on Saturday, April 22nd. Citigroup Inc. lowered their target price on Chicago Bridge & Iron Company N.V. from $36.00 to $32.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 9th. Jefferies Group LLC reiterated a “buy” rating and issued a $35.00 target price on shares of Chicago Bridge & Iron Company N.V. in a research note on Tuesday, May 9th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $23.00 target price (down from $31.00) on shares of Chicago Bridge & Iron Company N.V. in a research note on Wednesday, May 17th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $29.05.
Shares of Chicago Bridge & Iron Company N.V. (NYSE CBI) opened at 17.79 on Friday. The firm has a 50-day moving average price of $17.19 and a 200 day moving average price of $26.78. Chicago Bridge & Iron Company N.V. has a 52-week low of $12.91 and a 52-week high of $38.41. The stock’s market cap is $1.79 billion.
The company also recently disclosed a special dividend, which was paid on Friday, June 30th. Investors of record on Friday, June 23rd were issued a dividend of $0.07 per share. The ex-dividend date was Wednesday, June 21st. Chicago Bridge & Iron Company N.V.’s dividend payout ratio is presently -6.93%.
In related news, insider Edgar C. Ray sold 48,700 shares of Chicago Bridge & Iron Company N.V. stock in a transaction on Tuesday, April 25th. The stock was sold at an average price of $31.03, for a total transaction of $1,511,161.00. Following the completion of the transaction, the insider now directly owns 60,496 shares of the company’s stock, valued at $1,877,190.88. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Westley S. Stockton sold 2,657 shares of Chicago Bridge & Iron Company N.V. 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 transaction, the vice president now directly owns 19,005 shares of the company’s stock, valued at $589,155. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.
A number of institutional investors have recently modified their holdings of CBI. Vanguard Group Inc. boosted its position in shares of Chicago Bridge & Iron Company N.V. by 3.8% in the first quarter. Vanguard Group Inc. now owns 8,368,949 shares of the construction company’s stock valued at $257,345,000 after buying an additional 308,397 shares in the last quarter. FMR LLC boosted its position in shares of Chicago Bridge & Iron Company N.V. by 832.8% in the first quarter. FMR LLC now owns 5,253,638 shares of the construction company’s stock valued at $161,550,000 after buying an additional 4,690,447 shares in the last quarter. BlackRock Inc. boosted its position in shares of Chicago Bridge & Iron Company N.V. by 3,280.3% in the first quarter. BlackRock Inc. now owns 4,175,222 shares of the construction company’s stock valued at $128,389,000 after buying an additional 4,051,706 shares in the last quarter. Fairpointe Capital LLC boosted its position in shares of Chicago Bridge & Iron Company N.V. by 34.8% in the first quarter. Fairpointe Capital LLC now owns 2,852,261 shares of the construction company’s stock valued at $87,707,000 after buying an additional 736,649 shares in the last quarter. Finally, LSV Asset Management boosted its position in shares of Chicago Bridge & Iron Company N.V. by 13.9% in the first quarter. LSV Asset Management now owns 1,901,740 shares of the construction company’s stock valued at $58,478,000 after buying an additional 232,638 shares in the last quarter. 65.63% of the stock is owned by hedge funds and other institutional investors.
About Chicago Bridge & Iron Company N.V.
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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