Northwest Pipe Company (NASDAQ:NWPX) issued its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported ($0.22) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.26) by $0.04, Bloomberg Earnings reports. The firm had revenue of $28.69 million during the quarter, compared to the consensus estimate of $33 million. Northwest Pipe had a negative return on equity of 1.90% and a net margin of 0.45%. The firm’s revenue was down 31.8% on a year-over-year basis. During the same period in the prior year, the business earned ($0.65) EPS.
Northwest Pipe (NWPX) traded down 6.14% on Friday, hitting $16.06. The stock had a trading volume of 55,479 shares. The firm’s 50-day moving average price is $15.98 and its 200-day moving average price is $15.92. Northwest Pipe has a 1-year low of $11.25 and a 1-year high of $19.55. The firm has a market cap of $154.48 million, a P/E ratio of 281.75 and a beta of 1.33.
Separately, Zacks Investment Research upgraded Northwest Pipe from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Wednesday.
About Northwest Pipe
Northwest Pipe Company is a manufacturer of engineered steel pipe water systems. The Company operates through two segments. The Water Transmission segment 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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