Northwest Pipe (NWPX) Set to Announce Quarterly Earnings on Wednesday

Northwest Pipe (NASDAQ:NWPX) will be releasing its earnings data after the market closes on Wednesday, October 30th. Analysts expect Northwest Pipe to post earnings of $0.85 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Northwest Pipe (NASDAQ:NWPX) last released its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.67 by $0.19. Northwest Pipe had a net margin of 5.33% and a return on equity of 7.34%. The business had revenue of $129.51 million during the quarter, compared to the consensus estimate of $119.76 million. On average, analysts expect Northwest Pipe to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Northwest Pipe Trading Down 0.7 %

Shares of NWPX stock opened at $43.50 on Monday. The company has a current ratio of 3.06, a quick ratio of 2.19 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $431.30 million, a price-to-earnings ratio of 18.28, a price-to-earnings-growth ratio of 3.02 and a beta of 0.98. Northwest Pipe has a 12-month low of $25.67 and a 12-month high of $46.48. The stock’s 50-day moving average price is $43.64 and its 200-day moving average price is $38.04.

Insider Activity

In related news, VP Megan A. Kendrick sold 1,000 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $44.22, for a total value of $44,220.00. Following the completion of the sale, the vice president now directly owns 9,725 shares in the company, valued at $430,039.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Northwest Pipe news, EVP Miles Brittain sold 4,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $41.90, for a total transaction of $188,550.00. Following the completion of the transaction, the executive vice president now owns 25,858 shares in the company, valued at $1,083,450.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Megan A. Kendrick sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $44.22, for a total value of $44,220.00. Following the transaction, the vice president now directly owns 9,725 shares in the company, valued at approximately $430,039.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,500 shares of company stock valued at $275,140. 3.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NWPX. Northland Securities upped their price objective on Northwest Pipe from $40.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. StockNews.com downgraded shares of Northwest Pipe from a “buy” rating to a “hold” rating in a report on Monday, September 30th.

Northwest Pipe Company Profile

Northwest Pipe Company, together with its subsidiaries, engages in the manufacture and supply of water-related infrastructure products in North America. It operates in two segments, Engineered Steel Pressure Pipe (SPP) and Precast Infrastructure and Engineered Systems (Precast). The SPP segment offers large-diameter and high-pressure steel pipeline systems for use in water infrastructure applications, which are primarily related to drinking water systems.