News headlines about Babcock & Wilcox Enterprises (NYSE:BW) have trended somewhat positive this week, according to Accern Sentiment. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Babcock & Wilcox Enterprises earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 44.0246292708949 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Several equities analysts recently weighed in on the stock. Credit Suisse Group reduced their price target on shares of Babcock & Wilcox Enterprises from $4.30 to $3.50 and set an “underperform” rating for the company in a research report on Monday, March 19th. Zacks Investment Research lowered shares of 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 given a hold rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $7.13.
Shares of NYSE:BW opened at $3.76 on Wednesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.98 and a quick ratio of 0.87. Babcock & Wilcox Enterprises has a twelve month low of $1.61 and a twelve month high of $12.06. The stock has a market cap of $167.96, a price-to-earnings ratio of -0.94 and a beta of 1.83.
Babcock & Wilcox Enterprises (NYSE:BW) last released its quarterly earnings data on Thursday, March 1st. The technology company reported ($0.95) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.89). Babcock & Wilcox Enterprises had a negative net margin of 24.38% and a negative return on equity of 53.87%. The firm had revenue of $408.10 million during the quarter, compared to the consensus estimate of $432.71 million. During the same quarter last year, the business posted ($1.60) earnings per share. Babcock & Wilcox Enterprises’s revenue was up 7.4% compared to the same quarter last year.
In related news, major shareholder Steel Partners Holdings L.P. bought 41,456 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were acquired at an average cost of $5.90 per share, with a total value of $244,590.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders bought 1,512,713 shares of company stock valued at $9,137,998 over the last 90 days. 2.50% of the stock is owned by company insiders.
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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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