Equities analysts expect Broadwind Energy Inc. (NASDAQ:BWEN) to report sales of $48.60 million for the current quarter, Zacks reports. Two analysts have made estimates for Broadwind Energy’s earnings, with the highest sales estimate coming in at $50.70 million and the lowest estimate coming in at $46.50 million. Broadwind Energy posted sales of $41.17 million in the same quarter last year, which suggests a positive year over year growth rate of 18%. The company is expected to issue its next earnings report on Friday, August 7th.
On average, analysts expect that Broadwind Energy will report full-year sales of $191.00 million for the current year, with estimates ranging from $189.30 million to $192.69 million. For the next financial year, analysts anticipate that the business will post sales of $202.19 million, with estimates ranging from $192.90 million to $211.47 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Broadwind Energy.
Broadwind Energy (NASDAQ:BWEN) last posted its quarterly earnings results on Friday, May 8th. The industrial products company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.04. The company had revenue of $48.63 million for the quarter, compared to analyst estimates of $49.60 million. Broadwind Energy had a negative net margin of 1.36% and a negative return on equity of 4.24%.
Several brokerages recently issued reports on BWEN. ValuEngine raised shares of Broadwind Energy from a “sell” rating to a “hold” rating in a report on Wednesday, March 11th. HC Wainwright initiated coverage on shares of Broadwind Energy in a research note on Tuesday, June 16th. They issued a “buy” rating and a $6.00 target price for the company. TheStreet upgraded shares of Broadwind Energy from a “d+” rating to a “c-” rating in a research report on Wednesday, June 24th. Finally, Zacks Investment Research upgraded shares of Broadwind Energy from a “hold” rating to a “buy” rating and set a $2.00 price target for the company in a research report on Monday, May 11th.
Several hedge funds have recently made changes to their positions in BWEN. Amundi Pioneer Asset Management Inc. lifted its position in shares of Broadwind Energy by 21.9% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 502,339 shares of the industrial products company’s stock worth $839,000 after purchasing an additional 90,347 shares in the last quarter. Baird Financial Group Inc. acquired a new position in shares of Broadwind Energy in the first quarter valued at $47,000. Finally, Essex Investment Management Co. LLC increased its holdings in shares of Broadwind Energy by 3.7% in the fourth quarter. Essex Investment Management Co. LLC now owns 422,593 shares of the industrial products company’s stock valued at $702,000 after purchasing an additional 14,941 shares during the last quarter. 43.02% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ:BWEN traded up $0.23 during midday trading on Friday, reaching $3.75. 295,038 shares of the company’s stock were exchanged, compared to its average volume of 272,612. The company’s 50 day simple moving average is $2.71 and its two-hundred day simple moving average is $1.91. The firm has a market capitalization of $60.24 million, a PE ratio of -24.27 and a beta of 1.62. Broadwind Energy has a 12 month low of $1.12 and a 12 month high of $4.14. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.30 and a current ratio of 0.88.
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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