Babcock (NYSE:BW) – Investment analysts at KeyCorp cut their FY2017 EPS estimates for shares of Babcock in a research report issued on Wednesday. KeyCorp analyst T. Afzal now anticipates that the technology company will earn ($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.

Babcock (NYSE:BW) last posted 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 firm had revenue of $408.70 million for the quarter, compared to analyst estimates of $413.41 million. During the same period in the prior year, the company posted $0.24 EPS. The firm’s quarterly revenue was down .6% compared to the same quarter last year.

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Other research analysts also recently issued research reports about the company. UBS AG downgraded Babcock from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $13.00 to $3.00 in a report on Monday, August 14th. BidaskClub cut shares of Babcock from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Zacks Investment Research cut shares of Babcock from a “hold” rating to a “strong sell” rating in a research report on Monday, August 14th. Finally, Credit Suisse Group dropped their target price on shares of Babcock from $10.00 to $3.70 and set an “underperform” rating for the company in a research report on Friday, August 11th. Three equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $7.18.

Babcock (NYSE:BW) opened at $4.29 on Monday. Babcock has a 1-year low of $1.61 and a 1-year high of $17.72. The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of 0.67.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of Babcock by 8.0% in the 2nd quarter. Vanguard Group Inc. now owns 4,232,623 shares of the technology company’s stock valued at $49,776,000 after buying an additional 312,969 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Babcock by 10.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,244,099 shares of the technology company’s stock valued at $26,391,000 after buying an additional 209,171 shares in the last quarter. New York State Common Retirement Fund increased its position in shares of Babcock by 21.9% in the 2nd quarter. New York State Common Retirement Fund now owns 1,531,840 shares of the technology company’s stock valued at $18,014,000 after buying an additional 275,399 shares in the last quarter. Teachers Advisors LLC increased its position in shares of Babcock by 0.7% in the 2nd quarter. Teachers Advisors LLC now owns 1,351,709 shares of the technology company’s stock valued at $15,896,000 after buying an additional 9,872 shares in the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. increased its position in shares of Babcock by 34.9% in the 2nd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 1,231,004 shares of the technology company’s stock valued at $14,477,000 after buying an additional 318,330 shares in the last quarter. Institutional investors and hedge funds own 84.50% of the company’s stock.

In other Babcock news, major shareholder Vintage Capital Management Llc bought 1,686,945 shares of the company’s stock in a transaction on Thursday, September 14th. The stock was bought at an average price of $3.10 per share, for a total transaction of $5,229,529.50. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.50% of the company’s stock.

About Babcock

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.

Earnings History and Estimates for Babcock (NYSE:BW)

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