Babcock (NYSE:BW) – Research analysts at KeyCorp dropped their FY2017 earnings per share estimates for shares of Babcock in a research note issued to investors on Wednesday. KeyCorp analyst T. Afzal now forecasts that the technology company will post earnings of ($3.07) per share for the year, down from their prior estimate of ($2.63). KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Babcock’s Q4 2017 earnings at $0.04 EPS, FY2018 earnings at $0.43 EPS and FY2019 earnings at $0.73 EPS.
BW has been the subject of several other reports. BidaskClub downgraded shares of Babcock from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 9th. Credit Suisse Group decreased their target price on shares of Babcock from $10.00 to $3.70 and set an “underperform” rating for the company in a research note on Friday, August 11th. UBS AG downgraded shares of Babcock from a “buy” rating to a “neutral” rating and decreased their target price for the company from $13.00 to $3.00 in a research note on Monday, August 14th. Finally, Zacks Investment Research downgraded shares of Babcock from a “hold” rating to a “strong sell” rating in a research note on Monday, August 14th. Three investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $7.18.
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Shares of Babcock (NYSE BW) opened at $4.58 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of 0.67. Babcock has a 52 week low of $1.61 and a 52 week high of $17.72.
Babcock (NYSE:BW) last released its quarterly earnings data on Wednesday, November 8th. The technology company reported ($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.25). Babcock had a negative return on equity of 50.88% and a negative net margin of 22.48%. The business had revenue of $408.70 million for the quarter, compared to analysts’ expectations of $413.41 million. During the same quarter in the prior year, the firm earned $0.24 earnings per share. Babcock’s quarterly revenue was down .6% compared to the same quarter last year.
A number of institutional investors and hedge funds have recently bought and sold shares of BW. Public Employees Retirement System of Ohio raised its holdings in Babcock by 30.9% in the second quarter. Public Employees Retirement System of Ohio now owns 9,330 shares of the technology company’s stock valued at $110,000 after acquiring an additional 2,200 shares in the last quarter. Sei Investments Co. raised its holdings in Babcock by 34.1% in the second quarter. Sei Investments Co. now owns 11,570 shares of the technology company’s stock valued at $136,000 after acquiring an additional 2,940 shares in the last quarter. Tudor Investment Corp ET AL raised its holdings in Babcock by 24.5% in the first quarter. Tudor Investment Corp ET AL now owns 14,930 shares of the technology company’s stock valued at $139,000 after acquiring an additional 2,937 shares in the last quarter. ETRADE Capital Management LLC raised its holdings in Babcock by 0.7% in the second quarter. ETRADE Capital Management LLC now owns 13,288 shares of the technology company’s stock valued at $156,000 after acquiring an additional 95 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its holdings in Babcock by 60.2% in the first quarter. UBS Asset Management Americas Inc. now owns 18,098 shares of the technology company’s stock valued at $169,000 after acquiring an additional 6,800 shares in the last quarter. 84.50% of the stock is currently owned by hedge funds and other institutional investors.
In other news, major shareholder Vintage Capital Management Llc bought 1,686,945 shares of the firm’s stock in a transaction dated Thursday, September 14th. The stock was acquired at an average cost of $3.10 per share, for a total transaction of $5,229,529.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.50% of the stock is currently owned by corporate insiders.
Babcock & Wilcox Enterprises, Inc is a technology-based provider of fossil and renewable power generation and environmental equipment that includes a suite of boiler products and environmental systems, and services for power and industrial uses. The Company operates in three segments: Power, Renewable and Industrial.
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