Equities Analysts Issue Forecasts for BW FY2024 Earnings

Babcock & Wilcox Enterprises, Inc. (NYSE:BW) – Equities researchers at B. Riley decreased their FY2024 earnings estimates for Babcock & Wilcox Enterprises in a report released on Wednesday, November 13th. B. Riley analyst A. Rygiel now expects that the technology company will earn ($0.36) per share for the year, down from their prior forecast 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 raised Babcock & Wilcox Enterprises from a “sell” rating to a “hold” rating in a research note on Thursday, August 15th.

Babcock & Wilcox Enterprises Stock Down 3.8 %

NYSE BW opened at $1.77 on Friday. Babcock & Wilcox Enterprises has a 52 week low of $0.75 and a 52 week high of $2.99. The business’s fifty day simple moving average is $2.07 and its 200-day simple moving average is $1.60. The firm has a market cap of $166.95 million, a PE ratio of -2.13 and a beta of 1.73.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. increased its position in shares of Babcock & Wilcox Enterprises by 91.2% during the third quarter. Assenagon Asset Management S.A. now owns 2,251,498 shares of the technology company’s stock worth $4,593,000 after purchasing an additional 1,073,775 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in shares of Babcock & Wilcox Enterprises by 2,372.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 727,262 shares of the technology company’s stock valued at $1,484,000 after purchasing an additional 697,845 shares during the period. Vanguard Group Inc. raised its stake in shares of 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 worth $3,819,000 after purchasing an additional 352,607 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of 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 purchasing an additional 196,408 shares during the period. Finally, Marshall Wace LLP purchased a new position in Babcock & Wilcox Enterprises in the 2nd quarter valued at $157,000. Institutional investors and hedge funds own 83.17% of the company’s stock.

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.