Northwest Pipe (NASDAQ:NWPX) Issues Earnings Results

Northwest Pipe (NASDAQ:NWPX - Get Free Report) announced its quarterly earnings data on Wednesday. The industrial products company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.91 by $0.09, Zacks reports. The firm had revenue of $119.63 million during the quarter, compared to analyst estimates of $120.34 million. Northwest Pipe had a net margin of 6.12% and a return on equity of 8.47%.

Northwest Pipe Trading Up 2.8 %

Shares of NWPX traded up $1.19 during mid-day trading on Friday, reaching $44.07. The stock had a trading volume of 103,465 shares, compared to its average volume of 81,173. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.20 and a quick ratio of 2.27. Northwest Pipe has a 52-week low of $28.75 and a 52-week high of $57.76. The business's fifty day moving average is $48.96 and its 200 day moving average is $48.08. The firm has a market cap of $437.13 million, a price-to-earnings ratio of 14.99, a P/E/G ratio of 2.85 and a beta of 1.05.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NWPX. StockNews.com downgraded shares of Northwest Pipe from a "buy" rating to a "hold" rating in a report on Tuesday, January 14th. Northland Securities upped their price objective on shares of Northwest Pipe from $50.00 to $55.00 and gave the stock a "market perform" rating in a research report on Friday, January 3rd. Finally, Sidoti upgraded shares of Northwest Pipe to a "hold" rating in a research report on Tuesday, February 25th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $47.50.

Northwest Pipe Company Profile

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.