Babcock & Wilcox Enterprises Inc (BW) is Downgraded by Credit Suisse to Underperform

Babcock & Wilcox Enterprises Inc (BW) was Downgraded by Credit Suisse to ” Underperform”. Earlier the firm had a rating of “Neutral ” on the company shares. Credit Suisse advised their investors in a research report released on Oct 13, 2016.

On the company’s financial health, Babcock & Wilcox Enterprises Inc reported $-0.20 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Aug 9, 2016. Analyst had a consensus of $-0.18. The company had revenue of $383.20 million for the quarter, compared to analysts expectations of $432.54 million. The company’s revenue was down -12.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.27 EPS.

Babcock & Wilcox Enterprises Inc closed down -0.41 points or -2.49% at $16.04 with 2,55,516 shares getting traded on Tuesday. Post opening the session at $16.36, the shares hit an intraday low of $15.91 and an intraday high of $16.41 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Aug 15, 2016, Jenny L Apker (CFO) purchased 12,000 shares at $16.58 per share price. According to the SEC, on Aug 15, 2016, Thomas A. Christopher (director) purchased 2,466 shares at $16.20 per share price. On Aug 15, 2016, E James Jr Ferland (CEO) purchased 40,000 shares at $16.22 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

Babcock & Wilcox Enterprises Inc

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