Q4 2017 Earnings Forecast for Chicago Bridge & Iron Company N.V. (CBI) Issued By KeyCorp

Chicago Bridge & Iron Company N.V. (NYSE:CBI) – Stock analysts at KeyCorp cut their Q4 2017 earnings per share (EPS) estimates for shares of Chicago Bridge & Iron Company N.V. in a research report issued to clients and investors on Tuesday. KeyCorp analyst T. Afzal now forecasts that the construction company will post earnings per share of $0.56 for the quarter, down from their prior estimate of $0.66. KeyCorp has a “Hold” rating on the stock.

CBI has been the topic of several other research reports. Robert W. Baird raised their price objective on Chicago Bridge & Iron Company N.V. from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Tuesday. Jefferies Group LLC set a $15.00 price objective on Chicago Bridge & Iron Company N.V. and gave the company a “hold” rating in a report on Tuesday. Deutsche Bank AG set a $21.00 price objective on Chicago Bridge & Iron Company N.V. and gave the company a “buy” rating in a report on Thursday, August 10th. ValuEngine downgraded Chicago Bridge & Iron Company N.V. from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Finally, Citigroup Inc. set a $18.00 price objective on Chicago Bridge & Iron Company N.V. and gave the company a “hold” rating in a report on Thursday, August 10th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $20.65.

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Chicago Bridge & Iron Company N.V. (NYSE:CBI) last released its earnings results on Monday, October 30th. The construction company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.19). The firm had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.80 billion. Chicago Bridge & Iron Company N.V. had a negative return on equity of 10.47% and a negative net margin of 13.33%. The company’s revenue was down 18.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.20 EPS.

In other Chicago Bridge & Iron Company N.V. news, insider Daniel M. Mccarthy sold 7,500 shares of Chicago Bridge & Iron Company N.V. stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $16.04, for a total transaction of $120,300.00. Following the transaction, the insider now directly owns 112,464 shares of the company’s stock, valued at approximately $1,803,922.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of the company. Clearbridge Investments LLC raised its position in shares of Chicago Bridge & Iron Company N.V. by 8.5% in the 1st quarter. Clearbridge Investments LLC now owns 3,820 shares of the construction company’s stock worth $117,000 after acquiring an additional 300 shares in the last quarter. Birmingham Capital Management Co. Inc. AL raised its position in shares of Chicago Bridge & Iron Company N.V. by 0.7% in the 2nd quarter. Birmingham Capital Management Co. Inc. AL now owns 40,775 shares of the construction company’s stock worth $804,000 after acquiring an additional 300 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of Chicago Bridge & Iron Company N.V. by 6.3% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 6,867 shares of the construction company’s stock worth $211,000 after acquiring an additional 410 shares in the last quarter. Amalgamated Bank raised its position in shares of Chicago Bridge & Iron Company N.V. by 3.3% in the 1st quarter. Amalgamated Bank now owns 14,976 shares of the construction company’s stock worth $461,000 after acquiring an additional 483 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its position in shares of Chicago Bridge & Iron Company N.V. by 3.7% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 14,198 shares of the construction company’s stock worth $280,000 after acquiring an additional 501 shares in the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Chicago Bridge & Iron Company N.V. Company Profile

Chicago Bridge & Iron Company N.V. provides services to customers in energy infrastructure market. The Company provides services, such as conceptual design, technology, engineering, procurement, fabrication, modularization, construction, commissioning, maintenance, program management and environmental services.

Earnings History and Estimates for Chicago Bridge & Iron Company N.V. (NYSE:CBI)

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