Analysts Set Expectations for Babcock & Wilcox Enterprises, Inc.’s Q1 2024 Earnings (NYSE:BW)

Babcock & Wilcox Enterprises, Inc. (NYSE:BW) – Equities researchers at B. Riley issued their Q1 2024 earnings estimates for shares of Babcock & Wilcox Enterprises in a research note issued to investors on Friday, April 12th. B. Riley analyst A. Rygiel anticipates that the technology company will post earnings per share of ($0.05) for the quarter. The consensus estimate for Babcock & Wilcox Enterprises’ current full-year earnings is $0.24 per share. B. Riley also issued estimates for Babcock & Wilcox Enterprises’ Q2 2024 earnings at $0.04 EPS, Q3 2024 earnings at $0.12 EPS, Q4 2024 earnings at $0.23 EPS and FY2025 earnings at $0.46 EPS.

Babcock & Wilcox Enterprises (NYSE:BW) last posted its earnings results on Thursday, March 14th. The technology company reported ($0.22) EPS for the quarter. The business had revenue of $227.20 million for the quarter, compared to analysts’ expectations of $255.20 million.

Several other equities research analysts have also issued reports on BW. Lake Street Capital decreased their price target on shares of Babcock & Wilcox Enterprises from $11.00 to $8.00 and set a “buy” rating for the company in a research note on Thursday, April 11th. DA Davidson reduced their price objective on shares of Babcock & Wilcox Enterprises from $4.00 to $3.50 and set a “buy” rating for the company in a research note on Tuesday, March 19th. Finally, StockNews.com upgraded shares of Babcock & Wilcox Enterprises from a “sell” rating to a “hold” rating in a research note on Friday.

Babcock & Wilcox Enterprises Price Performance

Babcock & Wilcox Enterprises stock opened at $1.05 on Monday. The company’s 50 day moving average price is $1.19 and its two-hundred day moving average price is $1.65. Babcock & Wilcox Enterprises has a 52 week low of $0.75 and a 52 week high of $6.64. The stock has a market cap of $93.95 million, a P/E ratio of -0.44 and a beta of 1.36.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Rhumbline Advisers lifted its holdings in shares of Babcock & Wilcox Enterprises by 2.9% during the 2nd quarter. Rhumbline Advisers now owns 67,578 shares of the technology company’s stock worth $407,000 after acquiring an additional 1,882 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Babcock & Wilcox Enterprises by 0.5% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 392,195 shares of the technology company’s stock worth $3,200,000 after acquiring an additional 2,045 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in shares of Babcock & Wilcox Enterprises by 11.7% during the 1st quarter. MetLife Investment Management LLC now owns 21,933 shares of the technology company’s stock worth $179,000 after acquiring an additional 2,305 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of Babcock & Wilcox Enterprises by 65.5% during the 2nd quarter. Royal Bank of Canada now owns 5,966 shares of the technology company’s stock worth $35,000 after acquiring an additional 2,362 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Babcock & Wilcox Enterprises by 7.5% during the 4th quarter. JPMorgan Chase & Co. now owns 35,999 shares of the technology company’s stock worth $208,000 after acquiring an additional 2,526 shares during the last quarter. 83.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Babcock & Wilcox Enterprises

In other Babcock & Wilcox Enterprises news, CEO Kenneth M. Young acquired 29,229 shares of Babcock & Wilcox Enterprises stock in a transaction that occurred on Wednesday, March 20th. The stock was acquired at an average cost of $1.03 per share, for a total transaction of $30,105.87. Following the purchase, the chief executive officer now owns 241,745 shares of the company’s stock, valued at $248,997.35. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders acquired 59,229 shares of company stock worth $62,006. Corporate insiders own 3.19% 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.