In the last trading session, 2.36 million shares of the Babcock & Wilcox Enterprises Inc (NYSE:BW) were traded, and its beta was 1.72. Most recently the company’s share price was $1.77, and it changed around -$0.07 or -3.80% from the last close, which brings the market valuation of the company to $160.59M. BW currently trades at a discount to its 52-week high of $2.99, offering almost -68.93% off that amount. The share price’s 52-week low was $0.75, which indicates that the current value has risen by an impressive 57.63% since then. We note from Babcock & Wilcox Enterprises Inc’s average daily trading volume that its 10-day average is 1.77 million shares, with the 3-month average coming to 1.39 million.
Babcock & Wilcox Enterprises Inc stock received a consensus recommendation rating of Hold, based on a mean score of 1.50. If we narrow it down even further, the data shows that 1 out of 8 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 4 recommended BW as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. Babcock & Wilcox Enterprises Inc is expected to report earnings per share of -0.01 for the current quarter.
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Babcock & Wilcox Enterprises Inc (NYSE:BW) trade information
Instantly BW has showed a red trend with a performance of -3.80% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 2.7450 on recent trading dayincreased the stock’s daily price by 35.52%. The company’s shares are currently up 21.23% year-to-date, but still down -30.86% over the last five days. On the other hand, Babcock & Wilcox Enterprises Inc (NYSE:BW) is -32.44% down in the 30-day period. We can see from the shorts that 2.07 million shares have been sold at a short interest cover period of 1.18 day(s).
The consensus price target as assigned by Wall Street analysts is $6.5, which translates to bulls needing to increase their stock price by 72.77% from its current value. Analyst projections state that BW is forecast to be at a low of $6.5 and a high of $6.5.
Babcock & Wilcox Enterprises Inc (BW) estimates and forecasts
Babcock & Wilcox Enterprises Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 43.90 percent over the past six months and at a 82.26% annual growth rate that is well above the industry average of 23.70%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 94.58% in revenue this quarter, and will report a decrease of -151.18% in the next quarter. The year-over-year growth rate is expected to be -13.61%, down from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 212.3M in revenue for the current quarter. 3 analysts expect Babcock & Wilcox Enterprises Inc to make 177.6M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 227.2M and 207.6M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -6.56%. Forecasts for the next quarter put sales growth at -14.45%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 46.93%. Babcock & Wilcox Enterprises Inc earnings are expected to increase by 87.14% in 2024, but the outlook is positive 6.99% per year for the next five years.
BW Dividends
Babcock & Wilcox Enterprises Inc’s next quarterly earnings report is expected to be released on 2024-Nov-12.
Babcock & Wilcox Enterprises Inc (NYSE:BW)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 5.83% of Babcock & Wilcox Enterprises Inc shares, and 73.32% of them are in the hands of institutional investors. The stock currently has a share float of 77.86%. Babcock & Wilcox Enterprises Inc stock is held by 126.0 institutions, with B. RILEY FINANCIAL, INC. being the largest institutional investor. By 2024-06-30, it held 30.6737% of the shares, which is about 27.45 million shares worth $39.8 million.
NEUBERGER BERMAN GROUP LLC, with 6.7647% or 6.05 million shares worth $8.78 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
