Headlines about Northwest Pipe (NASDAQ:NWPX) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Northwest Pipe earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave press coverage about the industrial products company an impact score of 46.3734490816872 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Separately, Zacks Investment Research cut Northwest Pipe from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th.
Shares of Northwest Pipe (NASDAQ:NWPX) traded down $0.31 during midday trading on Monday, hitting $17.92. The company had a trading volume of 9,700 shares, compared to its average volume of 56,497. Northwest Pipe has a twelve month low of $12.41 and a twelve month high of $21.11.
Northwest Pipe (NASDAQ:NWPX) last issued its earnings results on Tuesday, October 31st. The industrial products company reported ($0.16) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.09). The company had revenue of $38.80 million during the quarter, compared to analyst estimates of $40.00 million. Northwest Pipe had a negative return on equity of 3.03% and a negative net margin of 1.59%. The business’s revenue was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.08 earnings per share. analysts anticipate that Northwest Pipe will post -0.9 earnings per share for the current fiscal year.
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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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