Zacks: Analysts Anticipate Broadwind, Inc. (NASDAQ:BWEN) to Post -$0.11 EPS

Equities research analysts expect Broadwind, Inc. (NASDAQ:BWENGet Rating) to announce ($0.11) earnings per share for the current quarter, Zacks reports. Two analysts have issued estimates for Broadwind’s earnings, with the highest EPS estimate coming in at ($0.10) and the lowest estimate coming in at ($0.11). Broadwind posted earnings of ($0.12) per share in the same quarter last year, which would suggest a positive year over year growth rate of 8.3%. The firm is scheduled to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Broadwind will report full-year earnings of ($0.40) per share for the current financial year, with EPS estimates ranging from ($0.40) to ($0.39). For the next financial year, analysts forecast that the company will report earnings of ($0.19) per share. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow Broadwind.

Broadwind (NASDAQ:BWENGet Rating) last issued its earnings results on Friday, May 6th. The industrial products company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.03. Broadwind had a net margin of 1.07% and a negative return on equity of 19.92%. The company had revenue of $41.84 million during the quarter, compared to analysts’ expectations of $29.58 million. During the same period last year, the company posted ($0.07) earnings per share.

A number of research analysts have recently weighed in on BWEN shares. Zacks Investment Research cut shares of Broadwind from a “buy” rating to a “hold” rating in a research note on Thursday, May 12th. Roth Capital reissued a “buy” rating on shares of Broadwind in a research note on Thursday, March 3rd. StockNews.com started coverage on shares of Broadwind in a research note on Friday, May 20th. They set a “sell” rating for the company. Finally, HC Wainwright reissued a “neutral” rating on shares of Broadwind in a research note on Thursday, March 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $6.00.

Shares of BWEN traded up $0.04 during mid-day trading on Friday, reaching $1.74. 90,916 shares of the company’s stock were exchanged, compared to its average volume of 211,408. The company has a quick ratio of 0.45, a current ratio of 1.14 and a debt-to-equity ratio of 0.07. The company has a 50-day simple moving average of $1.90 and a two-hundred day simple moving average of $2.04. Broadwind has a 52-week low of $1.46 and a 52-week high of $5.34. The company has a market cap of $34.83 million, a price-to-earnings ratio of 19.34 and a beta of 1.25.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Morgan Stanley boosted its position in Broadwind by 402.0% during the first quarter. Morgan Stanley now owns 6,400 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 5,125 shares during the last quarter. Wolverine Trading LLC acquired a new stake in Broadwind during the third quarter worth approximately $27,000. Alerus Financial NA acquired a new position in shares of Broadwind in the 4th quarter valued at $25,000. Jane Street Group LLC acquired a new position in shares of Broadwind in the 1st quarter valued at $31,000. Finally, Baystate Wealth Management LLC acquired a new position in shares of Broadwind in the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 22.43% of the company’s stock.

About Broadwind (Get Rating)

Broadwind, Inc manufactures and sells structures, equipment, and components for clean tech and other specialized applications primarily in the United States. It operates through three segments: Heavy Fabrications, Gearing, and Industrial Solutions. The Heavy Fabrications segment provides fabrications to various industrial markets.

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