Broadwind Energy (NASDAQ:BWEN) Posts Earnings Results, Misses Estimates By $0.03 EPS

Broadwind Energy (NASDAQ:BWEN) issued its earnings results on Wednesday. The industrial products company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03), FiscalAI reports. Broadwind Energy had a net margin of 3.37% and a negative return on equity of 2.05%. The firm had revenue of $37.74 million during the quarter, compared to the consensus estimate of $36.18 million.

Broadwind Energy Stock Up 3.4%

Shares of NASDAQ BWEN opened at $2.41 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.97 and a quick ratio of 0.66. The stock has a market capitalization of $55.91 million, a PE ratio of 10.96 and a beta of 1.46. Broadwind Energy has a one year low of $1.41 and a one year high of $4.15. The business’s fifty day moving average price is $2.91 and its 200-day moving average price is $2.63.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. HC Wainwright reissued a “buy” rating and issued a $6.00 price objective on shares of Broadwind Energy in a research note on Tuesday, February 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Broadwind Energy in a research report on Monday, December 22nd. Finally, Wall Street Zen lowered Broadwind Energy from a “buy” rating to a “hold” rating in a report on Sunday, February 15th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $6.00.

Institutional Investors Weigh In On Broadwind Energy

Several institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. bought a new position in Broadwind Energy during the first quarter worth about $25,000. XTX Topco Ltd purchased a new position in shares of Broadwind Energy in the second quarter worth about $25,000. Bridgeway Capital Management LLC raised its position in shares of Broadwind Energy by 5.0% in the second quarter. Bridgeway Capital Management LLC now owns 102,221 shares of the industrial products company’s stock valued at $185,000 after purchasing an additional 4,903 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Broadwind Energy by 4.7% in the third quarter. Dimensional Fund Advisors LP now owns 226,011 shares of the industrial products company’s stock valued at $475,000 after purchasing an additional 10,142 shares during the period. Finally, Virtu Financial LLC purchased a new stake in shares of Broadwind Energy during the 3rd quarter valued at approximately $31,000. 33.27% of the stock is owned by hedge funds and other institutional investors.

Broadwind Energy Company Profile

Broadwind Energy, Inc (NASDAQ: BWEN) is an engineering and manufacturing company focused on the design, production and service of heavy industrial equipment for energy infrastructure and related markets. The company’s offerings include custom-engineered gearboxes, couplings, hydrodynamic drives and utility-scale wind turbine towers. In addition to new equipment, Broadwind Energy provides aftermarket repair, refurbishment and testing services to support the long-term operation of energy and industrial assets.

The company operates through two principal segments.