Chicago Bridge & Iron Company N.V. (NYSE:CBI) announced its quarterly earnings data on Monday. The construction company reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.19), Briefing.com reports. Chicago Bridge & Iron Company N.V. had a negative net margin of 10.54% and a negative return on equity of 3.92%. The firm had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same period last year, the company posted $1.20 earnings per share. The business’s revenue for the quarter was down 18.7% compared to the same quarter last year.

Shares of Chicago Bridge & Iron Company N.V. (CBI) opened at 16.18 on Tuesday. The stock’s 50 day moving average is $16.05 and its 200 day moving average is $18.08. Chicago Bridge & Iron Company N.V. has a 52-week low of $9.55 and a 52-week high of $36.56. The company’s market cap is $1.64 billion.

In other news, insider Daniel M. Mccarthy sold 7,500 shares of the stock in a transaction that occurred on 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 owns 112,464 shares in the company, valued at approximately $1,803,922.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.10% of the company’s stock.

A number of brokerages have recently issued reports on CBI. Deutsche Bank AG set a $21.00 price target on shares of Chicago Bridge & Iron Company N.V. and gave the company a “buy” rating in a report on Thursday, August 10th. BidaskClub downgraded shares of Chicago Bridge & Iron Company N.V. from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Credit Suisse Group reaffirmed a “neutral” rating and set a $13.00 price target on shares of Chicago Bridge & Iron Company N.V. in a report on Friday, August 11th. Citigroup Inc. set a $18.00 price target on shares of Chicago Bridge & Iron Company N.V. and gave the company a “hold” rating in a report on Thursday, August 10th. Finally, DA Davidson reaffirmed a “buy” rating and set a $25.00 price target (down previously from $40.00) on shares of Chicago Bridge & Iron Company N.V. in a report on Thursday, August 10th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $20.65.

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About Chicago Bridge & Iron Company N.V.

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 for Chicago Bridge & Iron Company N.V. (NYSE:CBI)

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