Shares of Northwest Pipe (NASDAQ:NWPX) have earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Brokerages have set a 1 year consensus price objective of $26.00 for the company and are forecasting that the company will post ($0.15) EPS for the current quarter, according to Zacks. Zacks has also assigned Northwest Pipe an industry rank of 208 out of 265 based on the ratings given to related companies.
NWPX has been the subject of a number of research reports. Zacks Investment Research cut Northwest Pipe from a “hold” rating to a “sell” rating in a research note on Thursday, January 25th. ValuEngine upgraded Northwest Pipe from a “sell” rating to a “hold” rating in a research note on Saturday, March 10th. Finally, DA Davidson reiterated a “buy” rating on shares of Northwest Pipe in a research note on Friday, March 2nd.
Shares of NWPX opened at $19.60 on Monday. Northwest Pipe has a 52-week low of $12.41 and a 52-week high of $21.36.
Northwest Pipe (NASDAQ:NWPX) last issued its quarterly earnings data on Wednesday, February 28th. The industrial products company reported ($0.03) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.09. Northwest Pipe had a negative return on equity of 3.52% and a negative net margin of 7.65%. The company had revenue of $35.63 million during the quarter, compared to analysts’ expectations of $39.00 million. sell-side analysts predict that Northwest Pipe will post 0.28 EPS for the current fiscal year.
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Northwest Pipe Company Profile
Northwest Pipe Company is a manufacturer of engineered steel pipe water systems. The Company produces steel pipeline systems for use in drinking water infrastructure, and has approximately eight manufacturing facilities, located in Portland, Oregon; Denver, Colorado; Adelanto, California; Parkersburg, West Virginia; Saginaw, Texas; St.
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