Northwest Pipe (NASDAQ:NWPX – Get Free Report) posted its earnings results on Wednesday. The industrial products company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.18, Zacks reports. The company had revenue of $113.22 million for the quarter, compared to analyst estimates of $103.20 million. Northwest Pipe had a return on equity of 6.36% and a net margin of 4.74%. During the same quarter last year, the company earned $0.23 earnings per share.
Northwest Pipe Price Performance
Shares of Northwest Pipe stock traded up $0.66 during trading hours on Thursday, reaching $32.29. The company’s stock had a trading volume of 86,531 shares, compared to its average volume of 44,831. The firm has a 50 day moving average price of $32.66 and a 200-day moving average price of $29.93. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.83 and a quick ratio of 1.88. Northwest Pipe has a one year low of $25.58 and a one year high of $35.32. The stock has a market cap of $320.32 million, a P/E ratio of 15.13, a P/E/G ratio of 2.74 and a beta of 0.97.
Analyst Ratings Changes
Several brokerages have issued reports on NWPX. StockNews.com upgraded Northwest Pipe from a “hold” rating to a “buy” rating in a research note on Tuesday, March 5th. TheStreet raised Northwest Pipe from a “c+” rating to a “b-” rating in a research note on Thursday, February 1st. Finally, DA Davidson raised their target price on Northwest Pipe from $37.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th.
About Northwest Pipe
Northwest Pipe Company, together with its subsidiaries, engages in the manufacture and supply of water-related infrastructure products in North America. It operates in two segments, Engineered Steel Pressure Pipe (SPP) and Precast Infrastructure and Engineered Systems (Precast). The SPP segment offers large-diameter and high-pressure steel pipeline systems for use in water infrastructure applications, which are primarily related to drinking water systems.
Featured Stories
- Five stocks we like better than Northwest Pipe
- What Investors Need to Know About Upcoming IPOs
- Meta Stock: 3 Reasons This Stumble Is a Golden Buying Opportunity
- What Are Dividend Contenders? Investing in Dividend Contenders
- 3 Staples Stocks to Cushion Lower Consumer Sentiment
- 3 Small Caps With Big Return Potential
- Zillow’s Earnings Dip: An Opportunity for Visionaries
Receive News & Ratings for Northwest Pipe Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northwest Pipe and related companies with MarketBeat.com's FREE daily email newsletter.
