Research Analysts Offer Predictions for BW FY2024 Earnings

Babcock & Wilcox Enterprises, Inc. (NYSE:BW) – Analysts at B. Riley decreased their FY2024 EPS estimates for Babcock & Wilcox Enterprises in a research note issued to investors on Wednesday, November 13th. B. Riley analyst A. Rygiel now expects that the technology company will post earnings of ($0.36) per share for the year, down from their previous 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 upgraded Babcock & Wilcox Enterprises from a “sell” rating to a “hold” rating in a research note on Thursday, August 15th.

Babcock & Wilcox Enterprises Trading Up 1.7 %

Shares of NYSE:BW opened at $1.84 on Friday. Babcock & Wilcox Enterprises has a 1 year low of $0.75 and a 1 year high of $2.99. The firm has a fifty day moving average price of $2.06 and a 200 day moving average price of $1.60. The stock has a market capitalization of $169.64 million, a PE ratio of -2.22 and a beta of 1.73.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Babcock & Wilcox Enterprises during the first quarter worth approximately $26,000. Thompson Davis & CO. Inc. acquired a new stake in Babcock & Wilcox Enterprises in the 3rd quarter worth $41,000. Point72 DIFC Ltd bought a new position in shares of Babcock & Wilcox Enterprises during the 2nd quarter worth about $42,000. Delta Financial Group Inc. raised its position in shares of Babcock & Wilcox Enterprises by 90.9% during the third quarter. Delta Financial Group Inc. now owns 21,000 shares of the technology company’s stock valued at $43,000 after buying an additional 10,000 shares during the last quarter. Finally, Verus Capital Partners LLC bought a new stake in shares of Babcock & Wilcox Enterprises in the third quarter valued at about $73,000. Institutional investors and hedge funds own 83.17% of the company’s stock.

About Babcock & Wilcox Enterprises

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.