B. Riley Equities Analysts Cut Earnings Estimates for BW

Babcock & Wilcox Enterprises, Inc. (NYSE:BW) – Equities researchers at B. Riley dropped their FY2024 EPS estimates for shares of Babcock & Wilcox Enterprises in a research note issued on Wednesday, November 13th. B. Riley analyst A. Rygiel now forecasts that the technology company will post earnings per share of ($0.36) for the year, down from their prior 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 research note on Thursday, August 15th.

Babcock & Wilcox Enterprises Stock Performance

Shares of NYSE:BW opened at $1.77 on Friday. The stock’s 50-day moving average is $2.07 and its 200-day moving average is $1.60. The company has a market cap of $166.95 million, a P/E ratio of -2.13 and a beta of 1.73. Babcock & Wilcox Enterprises has a 52-week low of $0.75 and a 52-week high of $2.99.

Institutional Trading of Babcock & Wilcox Enterprises

A number of hedge funds have recently bought and sold shares of BW. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Babcock & Wilcox Enterprises during the 1st quarter worth about $26,000. Russell Investments Group Ltd. grew its position in Babcock & Wilcox Enterprises by 29.3% during the first quarter. Russell Investments Group Ltd. now owns 867,520 shares of the technology company’s stock worth $980,000 after buying an additional 196,408 shares in the last quarter. Vanguard Group Inc. increased its stake in Babcock & Wilcox Enterprises by 11.6% during the first quarter. Vanguard Group Inc. now owns 3,379,556 shares of the technology company’s stock valued at $3,819,000 after acquiring an additional 352,607 shares during the period. Acadian Asset Management LLC raised its holdings in Babcock & Wilcox Enterprises by 13.0% in the 1st quarter. Acadian Asset Management LLC now owns 744,428 shares of the technology company’s stock valued at $840,000 after acquiring an additional 85,489 shares in the last quarter. Finally, Tidal Investments LLC acquired a new stake in shares of Babcock & Wilcox Enterprises during the 1st quarter worth approximately $122,000. 83.17% of the stock is owned by institutional investors.

Babcock & Wilcox Enterprises Company Profile

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.