Northwest Pipe (NWPX) Scheduled to Post Quarterly Earnings on Wednesday

Northwest Pipe (NASDAQ:NWPX - Get Free Report) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.85 per share for the quarter. Parties that are interested in registering for the company's conference call can do so using this link.

Northwest Pipe (NASDAQ:NWPX - Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.19. The business had revenue of $129.51 million for the quarter, compared to analysts' expectations of $119.76 million. Northwest Pipe had a return on equity of 7.34% and a net margin of 5.33%. On average, analysts expect Northwest Pipe to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Northwest Pipe Stock Down 1.5 %

Northwest Pipe stock traded down $0.66 during trading hours on Wednesday, hitting $43.99. 24,429 shares of the stock traded hands, compared to its average volume of 41,586. The firm's 50-day moving average price is $43.56 and its two-hundred day moving average price is $37.83. The company has a current ratio of 3.06, a quick ratio of 2.19 and a debt-to-equity ratio of 0.22. The company has a market cap of $436.38 million, a PE ratio of 17.45, a PEG ratio of 3.08 and a beta of 0.98. Northwest Pipe has a one year low of $25.67 and a one year high of $46.48.

Wall Street Analysts Forecast Growth

NWPX has been the topic of several research reports. Northland Securities lifted their price objective on Northwest Pipe from $40.00 to $50.00 and gave the company an "outperform" rating in a research report on Friday, August 2nd. StockNews.com cut Northwest Pipe from a "buy" rating to a "hold" rating in a research report on Monday, September 30th.

Insider Transactions at Northwest Pipe

In other news, VP Megan A. Kendrick sold 1,000 shares of the business's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $42.37, for a total value of $42,370.00. Following the sale, the vice president now directly owns 10,725 shares of the company's stock, valued at $454,418.25. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, VP Megan A. Kendrick sold 1,000 shares of the business's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $42.37, for a total value of $42,370.00. Following the completion of the transaction, the vice president now directly owns 10,725 shares in the company, valued at $454,418.25. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Miles Brittain sold 4,500 shares of the business's stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $41.90, for a total transaction of $188,550.00. Following the completion of the transaction, the executive vice president now owns 25,858 shares of the company's stock, valued at approximately $1,083,450.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,500 shares of company stock valued at $275,140 in the last ninety days. 3.30% of the stock is currently owned by corporate insiders.

About Northwest Pipe

Northwest Pipe Company, together with its subsidiaries, engages in the manufacture and supply of water-related infrastructure products in North America. It operates in two segments, Engineered Steel Pressure Pipe (SPP) and Precast Infrastructure and Engineered Systems (Precast). The SPP segment offers large-diameter and high-pressure steel pipeline systems for use in water infrastructure applications, which are primarily related to drinking water systems.