Media coverage about Babcock & Wilcox Enterprises (NYSE:BW) has been trending somewhat positive recently, Accern reports. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Babcock & Wilcox Enterprises earned a coverage optimism score of 0.08 on Accern’s scale. Accern also gave news headlines about the technology company an impact score of 47.1107017803786 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern’s analysis:
- RM LAW Announces Investigation of Babcock & Wilcox Enterprises, Inc. (finance.yahoo.com)
- Babcock & Wilcox Enterprises, Inc. (NYSE:BW) – Stock’s Liquidity Analysis – Nasdaq Journal (nasdaqjournal.com)
- BRIEF-Babcock & Wilcox Says Has Been Awarded Contract For More Than $50 Mln (reuters.com)
- B&W Awarded Boiler Equipment Replacement Contract (finance.yahoo.com)
- Update in Lawsuit for Investors in NYSE: BW shares against Babcock & Wilcox Enterprises Inc announced by … – EconoTimes (econotimes.com)
Several equities research analysts recently commented on BW shares. Zacks Investment Research cut Babcock & Wilcox Enterprises from a “hold” rating to a “sell” rating in a research note on Tuesday, January 30th. Credit Suisse Group cut their price target on Babcock & Wilcox Enterprises from $4.30 to $3.50 and set an “underperform” rating on the stock in a report on Monday. Three equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Babcock & Wilcox Enterprises presently has an average rating of “Hold” and an average target price of $7.13.
Babcock & Wilcox Enterprises (NYSE:BW) last announced its quarterly earnings results on Thursday, March 1st. The technology company reported ($0.95) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.89). The firm had revenue of $408.10 million during the quarter, compared to the consensus estimate of $432.71 million. Babcock & Wilcox Enterprises had a negative return on equity of 53.87% and a negative net margin of 24.38%. The firm’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the company posted ($1.60) EPS.
In other news, major shareholder Steel Partners Holdings L.P. purchased 100,000 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were acquired at an average price of $5.60 per share, for a total transaction of $560,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders acquired 1,512,713 shares of company stock worth $9,137,998. Corporate insiders own 2.50% of the company’s stock.
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About Babcock & Wilcox Enterprises
Babcock & Wilcox Enterprises, Inc is a technology-based provider of fossil and renewable power generation and environmental equipment that includes a suite of boiler products and environmental systems, and services for power and industrial uses. The Company operates in three segments: Power, Renewable and Industrial.
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