Chicago Bridge & Iron (CBI) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Chicago Bridge & Iron (NYSE:CBI) announced its earnings results on Monday. The construction company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.03, Briefing.com reports. The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.75 billion. Chicago Bridge & Iron had a negative net margin of 20.60% and a negative return on equity of 17.65%. The business’s revenue was down 4.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.24 EPS.

NYSE:CBI traded down $1.21 during mid-day trading on Monday, hitting $13.38. 25,090,707 shares of the stock traded hands, compared to its average volume of 3,617,951. The company has a market capitalization of $1,492.25, a price-to-earnings ratio of -7.19, a PEG ratio of 0.90 and a beta of 2.44. Chicago Bridge & Iron has a 52 week low of $9.55 and a 52 week high of $31.69.

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Several brokerages have recently issued reports on CBI. Robert W. Baird set a $17.00 target price on shares of Chicago Bridge & Iron and gave the company a “hold” rating in a research report on Wednesday, January 3rd. Zacks Investment Research cut shares of Chicago Bridge & Iron from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 4th. ValuEngine upgraded shares of Chicago Bridge & Iron from a “strong sell” rating to a “sell” rating in a research report on Thursday, March 1st. MKM Partners cut shares of Chicago Bridge & Iron from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 3rd. Finally, KeyCorp upgraded shares of Chicago Bridge & Iron to an “overweight” rating and set a $14.00 target price on the stock in a research report on Wednesday, January 24th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. Chicago Bridge & Iron currently has an average rating of “Hold” and an average target price of $17.29.

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About Chicago Bridge & Iron

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 (NYSE:CBI)

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