Broadwind, Inc. to Post Q3 2023 Earnings of $0.06 Per Share, HC Wainwright Forecasts (NASDAQ:BWEN)

Broadwind, Inc. (NASDAQ:BWEN – Get Rating) – Equities researchers at HC Wainwright reduced their Q3 2023 earnings per share estimates for shares of Broadwind in a note issued to investors on Monday, March 13th. HC Wainwright analyst A. Dayal now expects that the industrial products company will post earnings of $0.06 per share for the quarter, down from their previous forecast of $0.08. HC Wainwright has a “Buy” rating and a $12.00 price target on the stock. The consensus estimate for Broadwind’s current full-year earnings is $0.11 per share.

Other equities analysts have also recently issued research reports about the company. Craig Hallum upped their price target on Broadwind from $4.00 to $9.00 and gave the stock a “buy” rating in a report on Thursday, January 12th. StockNews.com upgraded Broadwind from a “sell” rating to a “hold” rating in a research report on Friday, March 10th.

Broadwind Stock Up 1.4 %

Broadwind stock opened at $3.72 on Tuesday. Broadwind has a fifty-two week low of $1.46 and a fifty-two week high of $6.10. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.50 and a current ratio of 1.13. The company has a market cap of $76.89 million, a PE ratio of -7.65 and a beta of 1.54. The business’s 50-day simple moving average is $4.50 and its two-hundred day simple moving average is $3.02.

Institutional Trading of Broadwind

A number of hedge funds and other institutional investors have recently bought and sold shares of BWEN. Algert Global LLC purchased a new position in shares of Broadwind during the third quarter worth about $38,000. Jane Street Group LLC acquired a new position in shares of Broadwind during the 1st quarter worth approximately $31,000. Virtu Financial LLC acquired a new position in shares of Broadwind during the 2nd quarter worth approximately $38,000. Millennium Management LLC acquired a new position in Broadwind in the 2nd quarter valued at $46,000. Finally, Legato Capital Management LLC purchased a new stake in shares of Broadwind during the 4th quarter valued at $56,000. 24.49% of the stock is currently owned by institutional investors and hedge funds.

About Broadwind

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Broadwind, Inc is engaged in the manufacture of structures, equipment, and components for clean tech and other specialized applications. It operates through the following business segments: Heavy Fabrications, Gearing and Industrial Solutions. The Heavy Fabrications segment provides fabrications to customers in industrial markets.