Babcock & Wilcox Enterprises (NYSE:BW) Posts Quarterly Earnings Results, Beats Estimates By $0.06 EPS

Babcock & Wilcox Enterprises (NYSE:BW) released its earnings results on Monday. The technology company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.06, Zacks reports.

Babcock & Wilcox Enterprises Stock Performance

BW traded up $0.14 during trading on Monday, reaching $0.64. The company had a trading volume of 4,752,125 shares, compared to its average volume of 1,375,299. The firm’s 50-day simple moving average is $0.58 and its 200 day simple moving average is $1.31. The company has a market cap of $62.98 million, a price-to-earnings ratio of -0.77 and a beta of 1.76. Babcock & Wilcox Enterprises has a 12-month low of $0.22 and a 12-month high of $2.99.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. DA Davidson cut Babcock & Wilcox Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 7th. StockNews.com assumed coverage on Babcock & Wilcox Enterprises in a report on Monday. They set a “sell” rating on the stock. Finally, Lake Street Capital lowered their price target on Babcock & Wilcox Enterprises from $8.00 to $5.00 and set a “buy” rating on the stock in a report on Tuesday, April 1st.

Babcock & Wilcox Enterprises Company Profile

Babcock & Wilcox Enterprises, Inc engages in the provision of fossil and renewable power generation and environmental equipment. It operates through the following segments: B&W Renewable, B&W Environmental, and B&W Thermal. The B&W Renewable segment supports a circular economy, diverting waste from landfills to use for power generation and replacing fossil fuels, while recovering metals and reducing emissions.