Northwest Pipe (NASDAQ:NWPX) Releases Quarterly Earnings Results

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Northwest Pipe (NASDAQ:NWPX) announced its earnings results on Sunday. The industrial products company reported $0.22 earnings per share for the quarter, beating the 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%.

Shares of Northwest Pipe stock traded down $1.11 during trading on Tuesday, reaching $32.66. The company’s stock had a trading volume of 73,670 shares, compared to its average volume of 42,685. The company has a quick ratio of 4.07, a current ratio of 4.92 and a debt-to-equity ratio of 0.04. Northwest Pipe has a 12-month low of $19.33 and a 12-month high of $38.08. The company has a market capitalization of $321.96 million, a P/E ratio of 12.47 and a beta of 0.88. The business has a 50 day moving average price of $33.24 and a 200-day moving average price of $30.95.

A number of analysts recently weighed in on the company. DA Davidson restated a “buy” rating on shares of Northwest Pipe in a research note on Thursday, March 4th. Zacks Investment Research downgraded Northwest Pipe from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 9th.

About Northwest Pipe

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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Earnings History for Northwest Pipe (NASDAQ:NWPX)

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