Babcock & Wilcox Enterprises, Inc. (NYSE:BW) Forecasted to Earn Q1 2024 Earnings of ($0.05) Per Share

Babcock & Wilcox Enterprises, Inc. (NYSE:BW) – Equities researchers at B. Riley issued their Q1 2024 EPS estimates for Babcock & Wilcox Enterprises in a research note issued to investors on Friday, April 12th. B. Riley analyst A. Rygiel anticipates that the technology company will post earnings of ($0.05) per share for the quarter. The consensus estimate for Babcock & Wilcox Enterprises’ current full-year earnings is $0.24 per share. B. Riley also issued estimates for Babcock & Wilcox Enterprises’ Q2 2024 earnings at $0.04 EPS, Q3 2024 earnings at $0.12 EPS, Q4 2024 earnings at $0.23 EPS and FY2025 earnings at $0.46 EPS.

Several other equities research analysts also recently commented on BW. Lake Street Capital reduced their target price on shares of Babcock & Wilcox Enterprises from $11.00 to $8.00 and set a “buy” rating on the stock in a research note on Thursday. DA Davidson cut their price target on Babcock & Wilcox Enterprises from $4.00 to $3.50 and set a “buy” rating for the company in a report on Tuesday, March 19th. Finally, StockNews.com raised Babcock & Wilcox Enterprises from a “sell” rating to a “hold” rating in a report on Friday.

Babcock & Wilcox Enterprises Stock Performance

Shares of NYSE:BW opened at $1.05 on Monday. Babcock & Wilcox Enterprises has a 52 week low of $0.75 and a 52 week high of $6.64. The company’s fifty day moving average is $1.19 and its 200-day moving average is $1.67. The company has a market capitalization of $93.95 million, a PE ratio of -0.44 and a beta of 1.36.

Babcock & Wilcox Enterprises (NYSE:BW) last issued its earnings results on Thursday, March 14th. The technology company reported ($0.22) EPS for the quarter. The firm had revenue of $227.20 million for the quarter, compared to the consensus estimate of $255.20 million.

Institutional Trading of Babcock & Wilcox Enterprises

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers grew its position in shares of Babcock & Wilcox Enterprises by 2.9% during the 2nd quarter. Rhumbline Advisers now owns 67,578 shares of the technology company’s stock worth $407,000 after buying an additional 1,882 shares during the period. Fuller & Thaler Asset Management Inc. grew its position in shares of Babcock & Wilcox Enterprises by 0.5% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 392,195 shares of the technology company’s stock worth $3,200,000 after buying an additional 2,045 shares during the period. MetLife Investment Management LLC grew its position in shares of Babcock & Wilcox Enterprises by 11.7% during the 1st quarter. MetLife Investment Management LLC now owns 21,933 shares of the technology company’s stock worth $179,000 after buying an additional 2,305 shares during the period. Royal Bank of Canada grew its position in shares of Babcock & Wilcox Enterprises by 65.5% during the 2nd quarter. Royal Bank of Canada now owns 5,966 shares of the technology company’s stock worth $35,000 after buying an additional 2,362 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of Babcock & Wilcox Enterprises by 7.5% in the 4th quarter. JPMorgan Chase & Co. now owns 35,999 shares of the technology company’s stock valued at $208,000 after purchasing an additional 2,526 shares during the period. 83.17% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Kenneth M. Young acquired 29,229 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was purchased at an average cost of $1.03 per share, with a total value of $30,105.87. Following the acquisition, the chief executive officer now owns 241,745 shares of the company’s stock, valued at approximately $248,997.35. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders bought 59,229 shares of company stock valued at $62,006. 3.19% of the stock is currently owned by insiders.

About Babcock & Wilcox Enterprises

Babcock & Wilcox Enterprises, Inc, together with its subsidiaries, provides energy and emissions control solutions to industrial, electrical utility, municipal, and other customers worldwide. The company operates through three segments: Babcock & Wilcox Renewable; Babcock & Wilcox Environmental; and Babcock & Wilcox Thermal.