Babcock & Wilcox Enterprises (NYSE:BW) Posts Earnings Results, Beats Estimates By $0.06 EPS

Babcock & Wilcox Enterprises (NYSE:BW - Get Free Report) posted its quarterly earnings results on Monday. The technology company reported ($0.10) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.16) by $0.06, Zacks reports.

Babcock & Wilcox Enterprises Stock Up 28.5%

Shares of NYSE:BW traded up $0.14 during trading on Monday, hitting $0.64. The stock had a trading volume of 4,742,591 shares, compared to its average volume of 1,375,151. Babcock & Wilcox Enterprises has a 12-month low of $0.22 and a 12-month high of $2.99. The stock has a market capitalization of $62.98 million, a price-to-earnings ratio of -0.77 and a beta of 1.76. The stock has a 50-day simple moving average of $0.58 and a two-hundred day simple moving average of $1.31.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on BW shares. Lake Street Capital dropped their price target on Babcock & Wilcox Enterprises from $8.00 to $5.00 and set a "buy" rating on the stock in a research report on Tuesday, April 1st. DA Davidson downgraded Babcock & Wilcox Enterprises from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th. Finally, StockNews.com assumed coverage on Babcock & Wilcox Enterprises in a research report on Monday. They set a "sell" rating on the stock.

About Babcock & Wilcox Enterprises

Babcock & Wilcox Enterprises, Inc engages in the provision of fossil and renewable power generation and environmental equipment. It operates through the following segments: B&W Renewable, B&W Environmental, and B&W Thermal. The B&W Renewable segment supports a circular economy, diverting waste from landfills to use for power generation and replacing fossil fuels, while recovering metals and reducing emissions.

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