B. Riley Issues Pessimistic Estimate for BW Earnings

Babcock & Wilcox Enterprises, Inc. (NYSE:BW) – Investment analysts at B. Riley reduced their FY2024 EPS estimates for shares of Babcock & Wilcox Enterprises in a note issued to investors on Wednesday, November 13th. B. Riley analyst A. Rygiel now expects that the technology company will post earnings of ($0.36) per share for the year, down from their previous estimate 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 upgraded 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 Babcock & Wilcox Enterprises stock opened at $1.77 on Friday. Babcock & Wilcox Enterprises has a 1 year low of $0.75 and a 1 year high of $2.99. The company has a market cap of $166.95 million, a P/E ratio of -2.13 and a beta of 1.73. The stock has a 50-day moving average price of $2.07 and a 200 day moving average price of $1.60.

Institutional Trading of Babcock & Wilcox Enterprises

A number of institutional investors have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Babcock & Wilcox Enterprises in the first quarter valued at approximately $26,000. Russell Investments Group Ltd. lifted its stake in shares of Babcock & Wilcox Enterprises by 29.3% in the 1st quarter. Russell Investments Group Ltd. now owns 867,520 shares of the technology company’s stock valued at $980,000 after purchasing an additional 196,408 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Babcock & Wilcox Enterprises by 11.6% in the first quarter. Vanguard Group Inc. now owns 3,379,556 shares of the technology company’s stock worth $3,819,000 after purchasing an additional 352,607 shares in the last quarter. Acadian Asset Management LLC increased its position in Babcock & Wilcox Enterprises by 13.0% during the first quarter. Acadian Asset Management LLC now owns 744,428 shares of the technology company’s stock worth $840,000 after buying an additional 85,489 shares during the last quarter. Finally, Tidal Investments LLC bought a new position in Babcock & Wilcox Enterprises during the first quarter valued at about $122,000. Institutional investors and hedge funds 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.