B. Riley Has Pessimistic Outlook of BW FY2024 Earnings

Babcock & Wilcox Enterprises, Inc. (NYSE:BW) – Stock analysts at B. Riley reduced their FY2024 earnings estimates for shares of Babcock & Wilcox Enterprises in a research note issued 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 estimate 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 research note on Thursday, August 15th.

Babcock & Wilcox Enterprises Price Performance

Shares of NYSE BW opened at $1.77 on Friday. The company has a 50-day simple moving average of $2.07 and a 200-day simple moving average of $1.60. The company has a market cap of $166.95 million, a PE ratio of -2.13 and a beta of 1.73. Babcock & Wilcox Enterprises has a 12 month low of $0.75 and a 12 month high of $2.99.

Hedge Funds Weigh In On Babcock & Wilcox Enterprises

A number of large investors have recently bought and sold shares of BW. Mirae Asset Global Investments Co. Ltd. purchased a new position in Babcock & Wilcox Enterprises in the first quarter valued at approximately $26,000. Thompson Davis & CO. Inc. purchased a new stake in shares of Babcock & Wilcox Enterprises during the third quarter valued at approximately $41,000. Point72 DIFC Ltd acquired a new position in shares of Babcock & Wilcox Enterprises during the second quarter worth $42,000. Delta Financial Group Inc. lifted 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 worth $43,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Hilltop Holdings Inc. purchased a new position in shares of Babcock & Wilcox Enterprises in the third quarter valued at $49,000. Hedge funds and other institutional investors 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.