Somewhat Positive Media Coverage Somewhat Unlikely to Impact Babcock & Wilcox Enterprises (BW) Share Price
Media coverage about Babcock & Wilcox Enterprises (NYSE:BW) has been trending somewhat positive on Wednesday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Babcock & Wilcox Enterprises earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 45.5331613511954 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the media stories that may have effected Accern’s analysis:
- Babcock & Wilcox Enterprises, Inc., (NYSE: BW) – Volatility Factor under Trader’s Radar – Stock Watch (stocksnewstimes.com)
- Is The Stock Worthy? – Babcock & Wilcox Enterprises Inc (NYSE: BW) – Stocks Pen (stockspen.com)
- Babcock & Wilcox Enterprises Inc (BW) Major Shareholder Purchases $3,039,229.48 in Stock (americanbankingnews.com)
- Babcock & Wilcox Enterprises (BW) Cut to “Sell” at Zacks Investment Research (americanbankingnews.com)
- Babcock & Wilcox Enterprises Inc Expected to Earn FY2018 Earnings of $0.28 Per Share (BW) (americanbankingnews.com)
Separately, Zacks Investment Research lowered Babcock & Wilcox Enterprises from a “hold” rating to a “sell” rating in a research report on Thursday, March 8th. Three analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $7.18.
Babcock & Wilcox Enterprises (NYSE:BW) last released its quarterly earnings results on Thursday, March 1st. The technology company reported ($0.95) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.89). The company had revenue of $408.10 million for the quarter, compared to analyst estimates of $432.71 million. Babcock & Wilcox Enterprises had a negative net margin of 24.38% and a negative return on equity of 53.87%. Babcock & Wilcox Enterprises’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the firm posted ($1.60) EPS. equities research analysts expect that Babcock & Wilcox Enterprises will post 0.28 earnings per share for the current year.
In related news, major shareholder Steel Partners Holdings L.P. purchased 495,796 shares of the business’s stock in a transaction on Friday, March 9th. The stock was acquired at an average price of $6.13 per share, for a total transaction of $3,039,229.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have acquired a total of 1,329,919 shares of company stock valued at $7,995,535 in the last quarter. Company insiders own 2.50% of the company’s stock.
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About Babcock & Wilcox Enterprises
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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