Chicago Bridge & Iron Company N.V. (CBI) Announces Quarterly Earnings Results, Misses Estimates By $0.19 EPS

Chicago Bridge & Iron Company N.V. (NYSE:CBI) announced its earnings results on Monday. The construction company reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.19), Briefing.com reports. The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.80 billion. Chicago Bridge & Iron Company N.V. had a negative return on equity of 10.47% and a negative net margin of 13.33%. The firm’s revenue for the quarter was down 18.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.20 earnings per share.

Shares of Chicago Bridge & Iron Company N.V. (NYSE CBI) traded up 2.3443% during trading on Wednesday, hitting $14.2668. 860,713 shares of the stock traded hands. Chicago Bridge & Iron Company N.V. has a 12 month low of $9.55 and a 12 month high of $36.56. The firm’s 50-day moving average price is $16.04 and its 200-day moving average price is $18.05. The stock’s market cap is $1.44 billion.

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CBI has been the subject of several research analyst reports. Jefferies Group LLC set a $15.00 price objective on Chicago Bridge & Iron Company N.V. and gave the stock a “hold” rating in a research report on Tuesday. Deutsche Bank AG set a $21.00 price objective on Chicago Bridge & Iron Company N.V. and gave the stock a “buy” rating in a research report on Thursday, August 10th. BidaskClub lowered Chicago Bridge & Iron Company N.V. from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. Credit Suisse Group restated a “neutral” rating and issued a $13.00 target price on shares of Chicago Bridge & Iron Company N.V. in a research note on Friday, August 11th. Finally, Citigroup Inc. set a $18.00 target price on Chicago Bridge & Iron Company N.V. and gave the company a “hold” rating in a research note on Thursday, August 10th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $20.92.

In related news, EVP Daniel M. Mccarthy sold 7,500 shares of Chicago Bridge & Iron Company N.V. stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $16.29, for a total transaction of $122,175.00. Following the completion of the transaction, the executive vice president now directly owns 104,964 shares of the company’s stock, valued at approximately $1,709,863.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.10% of the stock is currently owned by insiders.

Chicago Bridge & Iron Company N.V. Company Profile

Chicago Bridge & Iron Company N.V. provides services to customers in energy infrastructure market. The Company provides services, such as conceptual design, technology, engineering, procurement, fabrication, modularization, construction, commissioning, maintenance, program management and environmental services.

Earnings History for Chicago Bridge & Iron Company N.V. (NYSE:CBI)

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