Northwest Pipe (NASDAQ:NWPX) Issues Earnings Results

Northwest Pipe (NASDAQ:NWPX) released its quarterly earnings results on Sunday. The industrial products company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.17 by $0.05, MarketWatch Earnings reports. Northwest Pipe had a return on equity of 10.77% and a net margin of 8.95%.

NASDAQ NWPX traded down $1.02 during trading hours on Tuesday, hitting $32.75. 388 shares of the company were exchanged, compared to its average volume of 42,313. The company has a 50 day moving average of $33.26 and a two-hundred day moving average of $30.93. The company has a quick ratio of 4.07, a current ratio of 4.92 and a debt-to-equity ratio of 0.04. The firm has a market cap of $322.85 million, a price-to-earnings ratio of 12.89 and a beta of 0.88. Northwest Pipe has a 52-week low of $19.33 and a 52-week high of $38.08.

A number of equities analysts recently commented on the company. Zacks Investment Research cut Northwest Pipe from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 9th. DA Davidson reissued a “buy” rating on shares of Northwest Pipe in a research note on Thursday, March 4th.

About Northwest Pipe

Northwest Pipe Co operates as a manufacturer of engineered steel pipe water systems in North America. It operates through the Water Infrastructure segment, which produces engineered pipeline systems including steel pipe, reinforced concrete pipe, and protective linings. These pipeline systems are primarily used in water infrastructure including drinking water systems, hydroelectric power systems, wastewater systems, industrial plant piping systems, certain structural applications and other applications.

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Earnings History for Northwest Pipe (NASDAQ:NWPX)

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