Northwest Pipe (NASDAQ:NWPX – Get Free Report) released its quarterly earnings data on Wednesday. The industrial products company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.18, Zacks reports. The business had revenue of $113.22 million during the quarter, compared to analyst estimates of $103.20 million. Northwest Pipe had a return on equity of 7.16% and a net margin of 5.22%. During the same quarter in the previous year, the firm posted $0.23 EPS.
Northwest Pipe Stock Performance
NWPX stock traded up $0.43 during trading on Friday, reaching $32.72. 65,542 shares of the company’s stock were exchanged, compared to its average volume of 34,812. Northwest Pipe has a 1-year low of $25.58 and a 1-year high of $35.32. The firm has a market cap of $324.58 million, a PE ratio of 13.75, a P/E/G ratio of 2.79 and a beta of 0.97. The company’s fifty day moving average price is $32.80 and its 200-day moving average price is $29.97. The company has a quick ratio of 1.88, a current ratio of 2.83 and a debt-to-equity ratio of 0.16.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on NWPX. TheStreet raised shares of Northwest Pipe from a “c+” rating to a “b-” rating in a report on Thursday, February 1st. StockNews.com downgraded shares of Northwest Pipe from a “buy” rating to a “hold” rating in a research report on Friday. Finally, DA Davidson upped their target price on shares of Northwest Pipe from $37.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th.
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.
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