Babcock & Wilcox Enterprises (NYSE:BW) Issues Earnings Results

Babcock & Wilcox Enterprises (NYSE:BW) announced its earnings results on Monday. The technology company reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.42), Zacks reports.

Babcock & Wilcox Enterprises Price Performance

NYSE BW traded down $0.03 on Monday, hitting $0.68. 1,073,674 shares of the company’s stock were exchanged, compared to its average volume of 1,236,012. The firm has a market cap of $63.76 million, a price-to-earnings ratio of -0.81 and a beta of 1.84. The firm’s 50-day moving average price is $1.17 and its two-hundred day moving average price is $1.68. Babcock & Wilcox Enterprises has a fifty-two week low of $0.64 and a fifty-two week high of $2.99.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Babcock & Wilcox Enterprises from a “sell” rating to a “hold” rating in a research report on Thursday, March 20th.

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.