Babcock & Wilcox Enterprises Inc (NYSE: BW) Is Rated A Buy By Analysts.

In the last trading session, 1.66 million Babcock & Wilcox Enterprises Inc (NYSE:BW) shares changed hands as the company’s beta touched 1.37. With the company’s per share price at $1.30 changed hands at $0.12 or 10.17% during last session, the market valuation stood at $116.18M. BW’s last price was a discount, traded about -425.38% off its 52-week high of $6.83. The share price had its 52-week low at $0.96, which suggests the last value was 26.15% up since then. When we look at Babcock & Wilcox Enterprises Inc’s average trading volume, we note the 10-day average is 0.99 million shares, with the 3-month average coming to 1.19.

Babcock & Wilcox Enterprises Inc (NYSE:BW) trade information

Instantly BW was in green as seen at the end of in last trading. The jump to weekly highs of 1.3250 added 10.17% to the stock’s daily price. The company’s shares are showing year-to-date downside of -10.96%. However, in the 30-day time frame, Babcock & Wilcox Enterprises Inc (NYSE:BW) is 4.00% up. Looking at the short shares, we see there were 1.89 million shares sold at short interest cover period of 1.86 days.

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Babcock & Wilcox Enterprises Inc (BW) estimates and forecasts

Data shows that the Babcock & Wilcox Enterprises Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -75.70% over the past 6 months, a 9.30% in annual growth rate that is considerably higher than the industry average of -13.30%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Babcock & Wilcox Enterprises Inc will fall -250.00%, while the growth in revenue is estimated to hit 44.40% for the next quarter. Year-over-year growth is forecast to reach 18.10% up from the last financial year.

Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of $256.27 million. 3 analysts are of the opinion that Babcock & Wilcox Enterprises Inc’s revenue for the quarter ending Mar 2024 will be $220.73 million. The company’s revenue for the corresponding quarters a year ago was $249.9 million and $213.26 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 2.50%. The estimates for the next quarter sales put growth at 3.50%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 64.96%. The 2024 estimates are for Babcock & Wilcox Enterprises Inc earnings to decrease by -3.49%, but the outlook for the next 5-year period is at 6.99% per year.

BW Dividends

Babcock & Wilcox Enterprises Inc is expected to release its next quarterly earnings report between March 13 and March 18.

Babcock & Wilcox Enterprises Inc (NYSE:BW)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 5.18% of Babcock & Wilcox Enterprises Inc shares while 77.93% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 82.19%. There are 77.93% institutions holding the Babcock & Wilcox Enterprises Inc stock share, with B. Riley Financial, Inc. the top institutional holder. As of Jun 29, 2023, the company held 30.63% of the shares, roughly 27.29 million BW shares worth $161.0 million.

FMR, LLC holds the second largest percentage of outstanding shares, with 11.71% or 10.43 million shares worth $61.54 million as of Jun 29, 2023.

Among Mutual Funds, the top two as of Jul 30, 2023 were Fidelity Convertible Securities Fund and Neuberger & Berman Intrinsic Value Fd. With 2.56 million shares estimated at $14.05 million under it, the former controlled 2.88% of total outstanding shares. On the other hand, Neuberger & Berman Intrinsic Value Fd held about 2.68% of the shares, roughly 2.39 million shares worth around $12.54 million.

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