Chicago Bridge & Iron Company N.V. (CBI) Expected to Post Q2 2018 Earnings of $0.38 Per Share

Chicago Bridge & Iron Company N.V. (NYSE:CBI) – Investment analysts at Jefferies Group issued their Q2 2018 earnings per share estimates for Chicago Bridge & Iron Company N.V. in a research report issued to clients and investors on Tuesday. Jefferies Group analyst M. Englert forecasts that the construction company will earn $0.38 per share for the quarter. Jefferies Group has a “Hold” rating and a $15.00 price objective on the stock. Jefferies Group also issued estimates for Chicago Bridge & Iron Company N.V.’s Q3 2018 earnings at $0.47 EPS and Q4 2018 earnings at $0.48 EPS.

Several other brokerages have also weighed in on CBI. Robert W. Baird upped their target price on shares of Chicago Bridge & Iron Company N.V. from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Tuesday. Deutsche Bank AG restated a “buy” rating and set a $20.00 target price (up from $16.00) on shares of Chicago Bridge & Iron Company N.V. in a research report on Tuesday, October 24th. MKM Partners restated a “buy” rating and set a $21.00 target price (up from $17.00) on shares of Chicago Bridge & Iron Company N.V. in a research report on Wednesday, October 4th. ValuEngine upgraded shares of Chicago Bridge & Iron Company N.V. from a “strong sell” rating to a “sell” rating in a research report on Monday, October 2nd. Finally, KeyCorp restated a “hold” rating on shares of Chicago Bridge & Iron Company N.V. in a research report on Friday, September 22nd. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Chicago Bridge & Iron Company N.V. currently has a consensus rating of “Hold” and an average price target of $20.92.

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Chicago Bridge & Iron Company N.V. (CBI) traded up 2.94% during midday trading on Wednesday, hitting $14.35. The stock had a trading volume of 3,310,130 shares. The stock has a 50 day moving average of $16.04 and a 200 day moving average of $18.05. The stock’s market cap is $1.45 billion. Chicago Bridge & Iron Company N.V. has a 12 month low of $9.55 and a 12 month high of $36.56.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last posted its earnings results on Monday, October 30th. The construction company reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.19). Chicago Bridge & Iron Company N.V. had a negative net margin of 13.33% and a negative return on equity of 10.47%. The business had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter last year, the business earned $1.20 earnings per share. Chicago Bridge & Iron Company N.V.’s revenue was down 18.7% on a year-over-year basis.

In other news, EVP Daniel M. Mccarthy sold 7,500 shares of the stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $16.29, for a total value of $122,175.00. Following the sale, the executive vice president now directly owns 104,964 shares in the company, valued at $1,709,863.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Clearbridge Investments LLC grew its position in shares of Chicago Bridge & Iron Company N.V. by 8.5% in the first quarter. Clearbridge Investments LLC now owns 3,820 shares of the construction company’s stock valued at $117,000 after purchasing an additional 300 shares during the last quarter. Birmingham Capital Management Co. Inc. AL grew its position in shares of Chicago Bridge & Iron Company N.V. by 0.7% in the second quarter. Birmingham Capital Management Co. Inc. AL now owns 40,775 shares of the construction company’s stock valued at $804,000 after purchasing an additional 300 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in shares of Chicago Bridge & Iron Company N.V. by 6.3% in the first quarter. Nomura Asset Management Co. Ltd. now owns 6,867 shares of the construction company’s stock valued at $211,000 after purchasing an additional 410 shares during the last quarter. Amalgamated Bank grew its position in shares of Chicago Bridge & Iron Company N.V. by 3.3% in the first quarter. Amalgamated Bank now owns 14,976 shares of the construction company’s stock valued at $461,000 after purchasing an additional 483 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its position in shares of Chicago Bridge & Iron Company N.V. by 3.7% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 14,198 shares of the construction company’s stock valued at $280,000 after purchasing an additional 501 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

About Chicago Bridge & Iron Company N.V.

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 and Estimates for Chicago Bridge & Iron Company N.V. (NYSE:CBI)

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