Market Overview

D.A. Davidson Sees Second Quarter Earnings Shortfall For The Babcock & Wilcox Co.

Share:

In a report published Thursday, D.A. Davidson analyst John B. Rogers reiterated a Neutral rating and $37.00 price target on The Babcock & Wilcox Co. (NYSE: BWC).

In the report, D.A. Davidson noted, “GAAP EPS of $0.24 per share declined from $0.65 last year and was below our estimate of $0.49. Adjusted EPS, excluding restructuring charges and other unusual costs of $0.44 declined from $0.72 last year and was below our estimate of $0.51 and consensus of $0.49...As shown in the segment data, most of the variance in operating results relative to the prior year was due to a runoff of Power Generation segment work, as scrubber projects were completed and capital spending by utilities declined in 2014. Additionally contribution from the Nuclear operations segment also declined as work under government contracts slowed.”

The Babcock & Wilcox Co. closed on Wednesday at $30.90.

Latest Ratings for BWC

DateFirmActionFromTo
Jul 2015Initiates Coverage onNeutral
Jun 2015Initiates Coverage onOutperform
Jun 2015Initiates Coverage onOverweight

View More Analyst Ratings for BWC
View the Latest Analyst Ratings

Posted-In: D.A. Davidson John B. RogersAnalyst Color Reiteration Analyst Ratings

 

Related Articles (BWC)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
ELMDDougherty & Co.Initiates Coverage On12.0
MRNSCantor FitzgeraldAssumes7.0
MNRLCapital One FinancialInitiates Coverage On23.0
SONVertical GroupUpgrades
UNPMorgan StanleyMaintains136.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

Melco Posts Q2 Miss; Taiwan Office, Workers Indicted

UPDATE: Cantor Fitzgerald Upgrades Walgreen