FY2022 EPS Estimates for Broadwind, Inc. Decreased by Analyst (NASDAQ:BWEN)

Broadwind, Inc. (NASDAQ:BWENGet Rating) – Equities researchers at HC Wainwright decreased their FY2022 earnings per share (EPS) estimates for shares of Broadwind in a note issued to investors on Tuesday, January 17th. HC Wainwright analyst A. Dayal now anticipates that the industrial products company will earn ($0.50) per share for the year, down from their previous estimate of ($0.49). HC Wainwright currently has a “Buy” rating and a $12.00 target price on the stock. The consensus estimate for Broadwind’s current full-year earnings is ($0.49) per share. HC Wainwright also issued estimates for Broadwind’s Q4 2022 earnings at ($0.16) EPS, Q1 2023 earnings at ($0.19) EPS, Q2 2023 earnings at ($0.16) EPS, FY2023 earnings at ($0.12) EPS and FY2024 earnings at $0.62 EPS.

Several other equities research analysts also recently issued reports on the stock. Craig Hallum raised their price objective on shares of Broadwind from $4.00 to $9.00 and gave the stock a “buy” rating in a research report on Thursday, January 12th. StockNews.com cut shares of Broadwind from a “hold” rating to a “sell” rating in a research note on Friday, January 13th. One equities research analyst has rated the stock with a sell rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $10.50.

Broadwind Price Performance

Shares of NASDAQ BWEN opened at $5.64 on Thursday. Broadwind has a fifty-two week low of $1.46 and a fifty-two week high of $6.00. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.22 and a quick ratio of 0.53. The stock has a market capitalization of $116.60 million, a price-to-earnings ratio of -10.25 and a beta of 0.88. The business has a 50-day moving average of $2.27 and a 200-day moving average of $2.35.

Broadwind (NASDAQ:BWENGet Rating) last issued its quarterly earnings data on Tuesday, November 8th. The industrial products company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.02). Broadwind had a negative return on equity of 21.49% and a negative net margin of 6.74%. The business had revenue of $44.84 million for the quarter, compared to analyst estimates of $49.61 million.

Institutional Investors Weigh In On Broadwind

A number of institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC bought a new position in Broadwind in the 1st quarter worth approximately $31,000. Virtu Financial LLC purchased a new position in Broadwind in the 2nd quarter worth $38,000. Algert Global LLC purchased a new position in Broadwind in the 3rd quarter worth $38,000. Millennium Management LLC bought a new stake in Broadwind in the 2nd quarter worth $46,000. Finally, Quadrature Capital Ltd bought a new stake in Broadwind in the 3rd quarter worth $122,000. 24.49% of the stock is owned by institutional investors.

Broadwind Company Profile

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Broadwind, Inc is engaged in the manufacture of structures, equipment, and components for clean tech and other specialized applications. It operates through the following business segments: Heavy Fabrications, Gearing and Industrial Solutions. The Heavy Fabrications segment provides fabrications to customers in industrial markets.

Further Reading

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