Chicago Bridge & Iron Company (CBI) Issues Quarterly Earnings Results

The stock of Chicago Bridge & Iron Company N.V. (NYSE:CBI) has “Hold” rating given on Wednesday, August 26 by Zacks.

Stock is now moving with a negative distance from the 200 day simple moving average of approximately -37.35%, and has a poor year to date (YTD) performance of -38.92% which means the stock is constantly subtracting to its value from the previous fiscal year end price. MKM Partners’ price objective would suggest a potential upside of 75.71% from the stock’s current price.

Number of analysts are eying on this stock and after detailed observation, they have given the stock mean target price of $36.36 while their mean recommendation is 2.60 (1=Buy, 5=sell).

Chicago Bridge & Iron Company N.V. (NYSE:CBI) on Thursday closed at $19.35. First Heartland Consultants Incorporated holds 0.33% of its portfolio in Chicago Bridge & Iron Company N.V. (NYSE:CBI) for 34,686 shares. Jefferies Group LLC reiterated a buy rating and issued a $35.00 price target on shares of Chicago Bridge & Iron Company in a report on Tuesday, May 9th. Breaking those down we see that the ratings are as follows: 3 Strong Buy, 0 Rated Buy, 5 Rated Hold and 1 Rated Sell. Chicago Bridge & Iron Company’s dividend payout ratio (DPR) is now 10.18%.

Chicago Bridge & Iron Company (NYSE:CBI) traded up 8.346% during midday trading on Friday, reaching $20.965. Lowe’s Companies, Inc. (NYSE:LOW) distance from 200-day simple moving average (SMA200) is 11.80%. The stock’s market capitalization is $1.95 billion.

05/09/2017 – Chicago Bridge & Iron Company N.V. had its ” rating reiterated by analysts at Citigroup. The original version of this story can be viewed at https://transcriptdaily.com/2017/05/19/chicago-bridge-iron-company-cbi-issues-quarterly-earnings-results-misses-expectations-by-0-71-eps-updated.html. The company provided earnings per share (EPS) guidance of $3.50-$4.00 for the period, compared to the Thomson Reuters consensus estimate of $4.17. Chicago Bridge & Iron Company had a return on equity of 22.54% and a net margin of 2.51%. During the same period past year, the company earned $1.01 earnings per share.

While considering growth estimates of the company, it has next quarter growth estimates of -5% whereas during current quarter it has -12% estimations over growth, comparing to the estimations of -16.5% during current year and 23.8% for next year. The stock of Chicago Bridge & Iron Company N.V. (NYSE:CBI) has “Buy” rating given on Wednesday, September 2 by Zacks.

The company also recently announced a special dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 23rd will be issued a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, June 21st. Chicago Bridge & Iron Company’s dividend payout ratio (DPR) is presently 10.18%.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally published by The Cerbat Gem and is owned by of The Cerbat Gem.

In other news, insider Edgar C. Ray sold 48,700 shares of the firm’s stock in a transaction dated Tuesday, April 25th. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Duncan N. Wigney sold 1,600 shares of the company’s stock in a transaction that occurred on Monday, March 20th. The shares were sold at an average price of $31.00, for a total value of $37,200.00. Following the completion of the sale, the vice president now directly owns 21,662 shares of the company’s stock, valued at approximately $671,522. The disclosure for this sale can be found here.

Since January 1, 0001, it had 0 insider buys, and 5 sales for $734,289 activity.

Several brokerages recently weighed in on CBI. Menora Mivtachim Holdings LTD. purchased a new position in Chicago Bridge & Iron Company during the fourth quarter worth about $105,000. California State Teachers Retirement System now owns 228,989 shares of the construction company’s stock valued at $6,419,000 after buying an additional 2,100 shares during the last quarter. However the company reported $1.17 earnings per share for the same quarter during past year. Cap One National Association has invested 0.02% in Chicago Bridge & Iron Company N.V. (NYSE:CBI). The company has grown -4.90% in past 3 months and in the last five trades has moved down -4.74%. Finally, Ancora Advisors LLC bought a new position in Chicago Bridge & Iron Company during the fourth quarter valued at about $134,000.

Previously Chicago Bridge & Iron Company N.V. (NYSE:CBI) reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by $-0.7.