Research Analysts Set Expectations for BW FY2024 Earnings

Babcock & Wilcox Enterprises, Inc. (NYSE:BW) – Stock analysts at B. Riley reduced their FY2024 EPS estimates for Babcock & Wilcox Enterprises in a research report issued on Wednesday, November 13th. B. Riley analyst A. Rygiel now forecasts that the technology company will post earnings per share of ($0.36) 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 raised shares of Babcock & Wilcox Enterprises from a “sell” rating to a “hold” rating in a report on Thursday, August 15th.

Babcock & Wilcox Enterprises Stock Up 1.7 %

Shares of Babcock & Wilcox Enterprises stock opened at $1.84 on Friday. The business has a fifty day simple moving average of $2.06 and a 200-day simple moving average of $1.60. Babcock & Wilcox Enterprises has a fifty-two week low of $0.75 and a fifty-two week high of $2.99. The firm has a market cap of $169.64 million, a price-to-earnings ratio of -2.22 and a beta of 1.73.

Hedge Funds Weigh In On Babcock & Wilcox Enterprises

Institutional investors have recently bought and sold shares of the stock. Walleye Capital LLC acquired a new stake in shares of Babcock & Wilcox Enterprises in the third quarter worth $117,000. Thompson Davis & CO. Inc. acquired a new stake in shares of Babcock & Wilcox Enterprises during the third quarter worth approximately $41,000. Verus Capital Partners LLC purchased a new position in Babcock & Wilcox Enterprises during the third quarter valued at approximately $73,000. GSA Capital Partners LLP increased its stake in Babcock & Wilcox Enterprises by 1.5% in the 3rd quarter. GSA Capital Partners LLP now owns 1,469,620 shares of the technology company’s stock valued at $2,998,000 after buying an additional 21,694 shares during the period. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Babcock & Wilcox Enterprises by 91.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 2,251,498 shares of the technology company’s stock valued at $4,593,000 after buying an additional 1,073,775 shares during the period. Hedge funds and other institutional investors 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.