Equities analysts forecast that Broadwind Energy Inc. (NASDAQ:BWEN) will report ($0.30) earnings per share (EPS) for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Broadwind Energy’s earnings, with estimates ranging from ($0.32) to ($0.28). Broadwind Energy posted earnings per share of $0.03 during the same quarter last year, which would indicate a negative year over year growth rate of 1,100%. The firm is expected to issue its next earnings results before the market opens on Tuesday, February 27th.
According to Zacks, analysts expect that Broadwind Energy will report full year earnings of ($0.07) per share for the current financial year, with EPS estimates ranging from ($0.08) to ($0.06). For the next fiscal year, analysts anticipate that the business will post earnings of $0.10 per share, with EPS estimates ranging from $0.08 to $0.12. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that cover Broadwind Energy.
BWEN has been the topic of several recent analyst reports. Zacks Investment Research cut shares of Broadwind Energy from a “hold” rating to a “sell” rating in a research note on Thursday, November 2nd. ValuEngine cut shares of Broadwind Energy from a “sell” rating to a “strong sell” rating in a research note on Sunday, December 31st. Finally, Roth Capital set a $5.00 target price on shares of Broadwind Energy and gave the stock a “buy” rating in a research note on Tuesday, October 31st. Two research analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $6.50.
Shares of Broadwind Energy (NASDAQ:BWEN) opened at $2.30 on Friday. Broadwind Energy has a 52 week low of $2.20 and a 52 week high of $9.80. The company has a quick ratio of 0.43, a current ratio of 0.99 and a debt-to-equity ratio of 0.02. The stock has a market cap of $34.68, a P/E ratio of 9.58 and a beta of 1.34.
Several large investors have recently modified their holdings of BWEN. AWM Investment Company Inc. bought a new position in shares of Broadwind Energy in the 2nd quarter worth $7,270,000. Grace & White Inc. NY increased its holdings in shares of Broadwind Energy by 38.9% in the 4th quarter. Grace & White Inc. NY now owns 1,294,689 shares of the industrial products company’s stock worth $3,522,000 after buying an additional 362,612 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Broadwind Energy by 222.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 353,955 shares of the industrial products company’s stock worth $1,784,000 after buying an additional 244,298 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Broadwind Energy by 63.9% in the 2nd quarter. Vanguard Group Inc. now owns 589,115 shares of the industrial products company’s stock worth $2,969,000 after buying an additional 229,664 shares during the last quarter. Finally, Advisor Group Inc. increased its holdings in shares of Broadwind Energy by 1,778,170.0% in the 4th quarter. Advisor Group Inc. now owns 177,827 shares of the industrial products company’s stock worth $484,000 after buying an additional 177,817 shares during the last quarter. 54.57% of the stock is currently owned by hedge funds and other institutional investors.
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About Broadwind Energy
Broadwind Energy, Inc provides technologically advanced products and services to energy, mining and infrastructure sector customers, primarily in the United States. The Company is engaged primarily in United States wind energy industry. The Company operates through two segments: Towers and Weldments, and Gearing.
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