Babcock & Wilcox Enterprises (NYSE:BW) Issues Quarterly Earnings Results

Babcock & Wilcox Enterprises (NYSE:BW - Get Free Report) released its quarterly earnings data on Monday. The technology company reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.42), Zacks reports. The firm had revenue of $200.80 million for the quarter, compared to analysts' expectations of $213.07 million.

Babcock & Wilcox Enterprises Stock Performance

Shares of Babcock & Wilcox Enterprises stock traded down $0.07 on Friday, hitting $0.33. 3,651,887 shares of the company's stock were exchanged, compared to its average volume of 1,277,008. Babcock & Wilcox Enterprises has a 1 year low of $0.32 and a 1 year high of $2.99. The company has a 50-day simple moving average of $1.09 and a 200-day simple moving average of $1.65. The stock has a market capitalization of $31.03 million, a PE ratio of -0.40 and a beta of 1.46.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports 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 target price on Babcock & Wilcox Enterprises from $8.00 to $5.00 and set a "buy" rating on the stock in a research report 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.