Northwest Pipe (NASDAQ:NWPX) Posts Earnings Results, Beats Estimates By $0.05 EPS
Northwest Pipe (NASDAQ:NWPX) posted its quarterly earnings results on Sunday. The industrial products company reported $0.22 EPS for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.05, MarketWatch Earnings reports. Northwest Pipe had a return on equity of 10.77% and a net margin of 8.95%.
NASDAQ:NWPX traded down $0.57 during trading hours on Tuesday, hitting $33.20. 318 shares of the company’s stock traded hands, compared to its average volume of 42,313. The firm has a market cap of $327.29 million, a P/E ratio of 12.89 and a beta of 0.88. Northwest Pipe has a 52 week low of $19.33 and a 52 week high of $38.08. The business’s fifty day simple moving average is $33.26 and its two-hundred day simple moving average is $30.93. The company has a quick ratio of 4.07, a current ratio of 4.92 and a debt-to-equity ratio of 0.04.
A number of research firms have recently commented on NWPX. Zacks Investment Research lowered Northwest Pipe from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 9th. DA Davidson reissued a “buy” rating on shares of Northwest Pipe in a research note on Thursday, March 4th.
Northwest Pipe Co operates as a manufacturer of engineered steel pipe water systems in North America. It operates through the Water Infrastructure segment, which produces engineered pipeline systems including steel pipe, reinforced concrete pipe, and protective linings. These pipeline systems are primarily used in water infrastructure including drinking water systems, hydroelectric power systems, wastewater systems, industrial plant piping systems, certain structural applications and other applications.
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