B. Riley Has Pessimistic Outlook of BW FY2024 Earnings

Babcock & Wilcox Enterprises, Inc. (NYSE:BW - Free Report) - Stock analysts at B. Riley lowered their FY2024 earnings per share estimates for shares of Babcock & Wilcox Enterprises in a report issued on Wednesday, November 13th. B. Riley analyst A. Rygiel now expects that the technology company will earn ($0.36) per share for the year, down from their previous forecast of ($0.03). The consensus estimate for Babcock & Wilcox Enterprises' current full-year earnings is ($0.03) per share. B. Riley also issued estimates for Babcock & Wilcox Enterprises' Q4 2024 earnings at $0.03 EPS.

Separately, StockNews.com raised Babcock & Wilcox Enterprises from a "sell" rating to a "hold" rating in a report on Thursday, August 15th.

Babcock & Wilcox Enterprises Trading Down 3.8 %

Shares of BW stock traded down $0.07 during mid-day trading on Friday, reaching $1.77. The stock had a trading volume of 2,339,176 shares, compared to its average volume of 1,438,933. The business's fifty day moving average is $2.07 and its 200-day moving average is $1.60. The firm has a market cap of $166.95 million, a price-to-earnings ratio of -2.13 and a beta of 1.73. Babcock & Wilcox Enterprises has a 1-year low of $0.75 and a 1-year high of $2.99.

Institutional Trading of Babcock & Wilcox Enterprises

Hedge funds have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. purchased a new position in Babcock & Wilcox Enterprises during the first quarter worth approximately $26,000. Thompson Davis & CO. Inc. purchased a new position in Babcock & Wilcox Enterprises during the third quarter worth approximately $41,000. Point72 DIFC Ltd purchased a new position in Babcock & Wilcox Enterprises during the second quarter worth approximately $42,000. Delta Financial Group Inc. boosted its position in Babcock & Wilcox Enterprises by 90.9% during the third quarter. Delta Financial Group Inc. now owns 21,000 shares of the technology company's stock worth $43,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Hilltop Holdings Inc. purchased a new position in Babcock & Wilcox Enterprises during the third quarter worth approximately $49,000. Hedge funds and other institutional investors own 83.17% of the company's stock.

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.