Northwest Pipe (NASDAQ:NWPX) Announces Earnings Results

Northwest Pipe (NASDAQ:NWPX) issued its quarterly earnings results on Wednesday. The industrial products company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.09, Zacks reports. Northwest Pipe had a net margin of 6.12% and a return on equity of 8.47%.

Northwest Pipe Stock Performance

NWPX stock traded down $0.16 during trading hours on Wednesday, reaching $48.02. The stock had a trading volume of 43,588 shares, compared to its average volume of 77,278. The stock has a 50-day simple moving average of $49.22 and a 200 day simple moving average of $47.98. Northwest Pipe has a fifty-two week low of $28.57 and a fifty-two week high of $57.76. The stock has a market capitalization of $476.31 million, a PE ratio of 16.33, a price-to-earnings-growth ratio of 2.85 and a beta of 1.05. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.20 and a quick ratio of 2.27.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NWPX. Northland Securities raised their target price on shares of Northwest Pipe from $50.00 to $55.00 and gave the company a “market perform” rating in a research report on Friday, January 3rd. Northland Capmk cut Northwest Pipe from a “strong-buy” rating to a “hold” rating in a report on Friday, November 1st. Finally, StockNews.com lowered Northwest Pipe from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th.

About Northwest Pipe

Northwest Pipe Company, together with its subsidiaries, engages in the manufacture and supply of water-related infrastructure products in North America. It operates in two segments, Engineered Steel Pressure Pipe (SPP) and Precast Infrastructure and Engineered Systems (Precast). The SPP segment offers large-diameter and high-pressure steel pipeline systems for use in water infrastructure applications, which are primarily related to drinking water systems.