Brokerages Anticipate Broadwind Energy Inc. (NASDAQ:BWEN) to Post ($0.06) Earnings Per Share

Shares of Broadwind Energy Inc. (NASDAQ:BWEN) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.

Brokers have set a twelve-month consensus price target of $2.75 for the company and are expecting that the company will post ($0.06) EPS for the current quarter, according to Zacks. Zacks has also given Broadwind Energy an industry rank of 182 out of 256 based on the ratings given to its competitors.

Several research firms have commented on BWEN. Zacks Investment Research upgraded Hallmark Financial Services from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a report on Friday. ValuEngine cut Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Finally, Roth Capital lifted their price target on Broadwind Energy from $2.50 to $2.75 and gave the company a “buy” rating in a report on Monday, April 29th.

Broadwind Energy stock traded down $0.03 during midday trading on Monday, reaching $2.11. 16,900 shares of the company were exchanged, compared to its average volume of 62,598. The firm has a market capitalization of $33.74 million, a P/E ratio of -2.48 and a beta of 1.87. The company’s 50-day moving average is $2.16. Broadwind Energy has a 1 year low of $1.15 and a 1 year high of $2.59. The company has a quick ratio of 0.36, a current ratio of 0.84 and a debt-to-equity ratio of 0.45.

Broadwind Energy (NASDAQ:BWEN) last posted its quarterly earnings data on Friday, April 26th. The industrial products company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.05. The firm had revenue of $41.66 million during the quarter, compared to analysts’ expectations of $37.90 million. Broadwind Energy had a negative return on equity of 18.72% and a negative net margin of 14.85%. On average, sell-side analysts expect that Broadwind Energy will post -0.08 earnings per share for the current fiscal year.

Broadwind Energy Company Profile

Broadwind Energy, Inc provides products to the energy, mining, and infrastructure sector customers primarily in the United States. It operates through three segments: Towers and Heavy Fabrications, Gearing, and Process Systems. The Towers and Heavy Fabrications segment manufactures towers that are designed for various megawatt wind turbines primarily serving wind turbine manufacturers; and fabrications of heavy weldments for mining and other industrial customers.

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