DA Davidson Comments on Chicago Bridge & Iron Company N.V.’s Q4 2017 Earnings (CBI)

Chicago Bridge & Iron Company N.V. (NYSE:CBI) – Analysts at DA Davidson reduced their Q4 2017 earnings per share estimates for Chicago Bridge & Iron Company N.V. in a research report issued to clients and investors on Tuesday. DA Davidson analyst B. Thielman now forecasts that the construction company will post earnings of $0.40 per share for the quarter, down from their prior estimate of $0.54. DA Davidson currently has a “Buy” rating and a $25.00 target price on the stock. DA Davidson also issued estimates for Chicago Bridge & Iron Company N.V.’s Q1 2018 earnings at $0.42 EPS, Q2 2018 earnings at $0.46 EPS, Q3 2018 earnings at $0.46 EPS and Q4 2018 earnings at $0.42 EPS.

A number of other equities research analysts have also recently commented on the stock. UBS AG increased their target price on shares of Chicago Bridge & Iron Company N.V. from $13.00 to $17.00 and gave the company a “neutral” rating in a research report on Wednesday. Jefferies Group LLC set a $15.00 target price on shares of Chicago Bridge & Iron Company N.V. and gave the company a “hold” rating in a research report on Tuesday. Robert W. Baird increased their target price on shares of Chicago Bridge & Iron Company N.V. from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Tuesday. Deutsche Bank AG reissued a “buy” rating and set a $20.00 target price (up previously from $16.00) on shares of Chicago Bridge & Iron Company N.V. in a research report on Tuesday, October 24th. Finally, MKM Partners reissued a “buy” rating and set a $21.00 target price (up previously from $17.00) on shares of Chicago Bridge & Iron Company N.V. in a research report on Wednesday, October 4th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $20.65.

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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 analysts’ consensus estimates of $0.53 by ($0.19). Chicago Bridge & Iron Company N.V. had a negative return on equity of 10.47% and a negative net margin of 13.33%. The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same period last year, the firm posted $1.20 EPS. The company’s revenue for the quarter was down 18.7% on a year-over-year basis.

Large investors have recently added to or reduced their stakes in the company. KBC Group NV acquired a new stake in shares of Chicago Bridge & Iron Company N.V. in the second quarter worth $1,453,000. Schwab Charles Investment Management Inc. increased its stake in shares of Chicago Bridge & Iron Company N.V. by 8.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 442,309 shares of the construction company’s stock worth $13,602,000 after acquiring an additional 35,279 shares during the period. Harbour Capital Advisors LLC increased its stake in shares of Chicago Bridge & Iron Company N.V. by 1,873.0% in the second quarter. Harbour Capital Advisors LLC now owns 49,325 shares of the construction company’s stock worth $2,500,000 after acquiring an additional 46,825 shares during the period. BlackRock Inc. increased its stake in shares of Chicago Bridge & Iron Company N.V. by 51.9% in the second quarter. BlackRock Inc. now owns 6,340,731 shares of the construction company’s stock worth $125,104,000 after acquiring an additional 2,165,509 shares during the period. Finally, Century Capital Management LLC increased its stake in shares of Chicago Bridge & Iron Company N.V. by 60.2% in the second quarter. Century Capital Management LLC now owns 113,077 shares of the construction company’s stock worth $2,231,000 after acquiring an additional 42,500 shares during the period. Hedge funds and other institutional investors own 68.48% of the company’s stock.

In other news, EVP Daniel M. Mccarthy sold 7,500 shares of the stock in a transaction 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 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 this hyperlink. 1.10% of the stock is owned by corporate 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 and Estimates for Chicago Bridge & Iron Company N.V. (NYSE:CBI)

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