Babcock & Wilcox Enterprises Inc (BW) reported quarterly earnings results on Tuesday, May-10-2016. The company said it had a profit of $0.27 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $0.21. The company posted revenue of $404.10 million in the period, compared to analysts expectations of $402.60 million. The company’s revenue was up 1.7% compared to the same quarter last year.
Babcock & Wilcox Enterprises Inc opened for trading at $22.46 and hit $22.66 on the upside on Friday, eventually ending the session at $22.6, with a gain of 0.58% or 0.13 points. The heightened volatility saw the trading volume jump to 2,35,291 shares. Company has a market cap of $1,175 M.
In a different news, on Jan 27, 2016, Wendy S Radtke (SVP and Chief HR Officer) purchased 1,580 shares at $19.03 per share price. According to the SEC, on Nov 17, 2015, E James Jr Ferland (CEO) purchased 30,000 shares at $17.29 per share price.
Babcock & Wilcox Enterprises Inc. is engaged in engineering manufacturing procurement and erection of equipment and technology which is used in the power generation industry and other industries. The Company is a technology-based provider of fossil and renewable power generation equipment which includes boiler products and environmental systems and services for power and industrial uses. It operates through three segments including Global Power which consists of boiler and environmental products businesses that serves large steam generating and industrial customers; Global Services which provides a mix of products and services to support availability of steam generating and associated environmental and auxiliary equipment that serve steam generating utility and industrial customers and Industrial Environmental which represents its environmental products and services business which serves industrial end markets such as chemical and pharmaceutical among others.