Broadwind, Inc. (NASDAQ:BWEN) Expected to Post Quarterly Sales of $29.58 Million

Analysts expect Broadwind, Inc. (NASDAQ:BWENGet Rating) to report sales of $29.58 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Broadwind’s earnings, with estimates ranging from $27.65 million to $31.50 million. Broadwind reported sales of $32.73 million in the same quarter last year, which indicates a negative year over year growth rate of 9.6%. The company is expected to report its next earnings report before the market opens on Monday, January 1st.

According to Zacks, analysts expect that Broadwind will report full-year sales of $157.18 million for the current year, with estimates ranging from $147.30 million to $167.05 million. For the next financial year, analysts expect that the firm will report sales of $163.80 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Broadwind.

Broadwind (NASDAQ:BWENGet Rating) last issued its earnings results on Wednesday, March 2nd. The industrial products company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.02). Broadwind had a negative return on equity of 18.31% and a net margin of 1.96%. The company had revenue of $26.01 million for the quarter, compared to the consensus estimate of $28.92 million. During the same quarter in the prior year, the company posted ($0.12) EPS.

Several brokerages have recently weighed in on BWEN. Roth Capital reissued a “buy” rating on shares of Broadwind in a research note on Thursday, March 3rd. StockNews.com began coverage on shares of Broadwind in a research report on Wednesday. They set a “sell” rating on the stock. Finally, HC Wainwright restated a “neutral” rating on shares of Broadwind in a report on Thursday, March 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Broadwind presently has an average rating of “Hold” and a consensus target price of $6.00.

BWEN stock traded down $0.17 during trading on Monday, hitting $1.80. 235 shares of the company’s stock traded hands, compared to its average volume of 88,953. Broadwind has a 52 week low of $1.52 and a 52 week high of $5.34. The stock has a market capitalization of $36.04 million, a price-to-earnings ratio of 13.43 and a beta of 1.25. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.44 and a current ratio of 1.23. The business has a fifty day simple moving average of $2.06 and a 200 day simple moving average of $2.19.

A number of large investors have recently modified their holdings of BWEN. Grace & White Inc. NY increased its stake in shares of Broadwind by 3.4% during the first quarter. Grace & White Inc. NY now owns 1,726,128 shares of the industrial products company’s stock worth $3,746,000 after buying an additional 56,671 shares during the period. Essex Investment Management Co. LLC boosted its holdings in Broadwind by 26.1% in the fourth quarter. Essex Investment Management Co. LLC now owns 256,143 shares of the industrial products company’s stock valued at $482,000 after purchasing an additional 53,018 shares in the last quarter. Millennium Management LLC acquired a new position in Broadwind in the third quarter valued at approximately $560,000. Quinn Opportunity Partners LLC boosted its holdings in Broadwind by 7.7% in the fourth quarter. Quinn Opportunity Partners LLC now owns 124,232 shares of the industrial products company’s stock valued at $234,000 after purchasing an additional 8,870 shares in the last quarter. Finally, Tibra Equities Europe Ltd acquired a new position in Broadwind in the third quarter valued at approximately $219,000. Institutional investors own 22.43% of the company’s stock.

About Broadwind (Get Rating)

Broadwind, Inc manufactures and sells structures, equipment, and components for clean tech and other specialized applications primarily in the United States. It operates through three segments: Heavy Fabrications, Gearing, and Industrial Solutions. The Heavy Fabrications segment provides fabrications to various industrial markets.

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