Babcock & Wilcox Enterprises (NYSE:BW) Issues Quarterly Earnings Results, Misses Expectations By $0.42 EPS

Babcock & Wilcox Enterprises (NYSE:BW) released its earnings results on Monday. The technology company reported ($0.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.42), Zacks reports. The company had revenue of $200.80 million for the quarter, compared to the consensus estimate of $213.07 million.

Babcock & Wilcox Enterprises Trading Down 32.0 %

Shares of NYSE:BW opened at $0.46 on Wednesday. The company has a market cap of $43.10 million, a PE ratio of -0.55 and a beta of 1.84. The company’s 50 day moving average is $1.13 and its 200 day moving average is $1.67. Babcock & Wilcox Enterprises has a twelve month low of $0.45 and a twelve month high of $2.99.

Wall Street Analyst Weigh In

BW has been the topic of several research reports. Lake Street Capital reduced their target price on Babcock & Wilcox Enterprises from $8.00 to $5.00 and set a “buy” rating on the stock in a report on Tuesday. StockNews.com cut shares of Babcock & Wilcox Enterprises from a “hold” rating to a “sell” rating in a research note on Tuesday.

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.