Babcock & Wilcox Enterprises (NYSE:BW) Announces Earnings Results

Babcock & Wilcox Enterprises (NYSE:BW) issued its earnings results on Monday. The technology company reported ($0.47) EPS 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 analysts’ expectations of $213.07 million.

Babcock & Wilcox Enterprises Trading Down 32.0 %

Shares of NYSE BW opened at $0.46 on Wednesday. The firm has a 50-day moving average of $1.13 and a two-hundred day moving average of $1.67. The company has a market capitalization of $43.10 million, a price-to-earnings ratio of -0.55 and a beta of 1.84. Babcock & Wilcox Enterprises has a twelve month low of $0.45 and a twelve month high of $2.99.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BW. StockNews.com downgraded Babcock & Wilcox Enterprises from a “hold” rating to a “sell” rating in a research note on Tuesday. Lake Street Capital dropped their price target on Babcock & Wilcox Enterprises from $8.00 to $5.00 and set a “buy” rating for the company in a research note on Tuesday.

About Babcock & Wilcox Enterprises

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.