Northwest Pipe (NASDAQ:NWPX) released its quarterly earnings results on Wednesday. The industrial products company reported $0.27 EPS for the quarter, hitting analysts’ consensus estimates of $0.27, Morningstar.com reports. Northwest Pipe had a net margin of 11.98% and a negative return on equity of 2.45%. The firm had revenue of $57.54 million during the quarter, compared to analysts’ expectations of $60.00 million.
Northwest Pipe stock traded down $0.21 during trading hours on Thursday, hitting $24.37. The company had a trading volume of 1,476 shares, compared to its average volume of 33,834. The stock has a market cap of $237.54 million, a price-to-earnings ratio of -37.49, a price-to-earnings-growth ratio of 1.81 and a beta of 0.81. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.26 and a quick ratio of 3.95. Northwest Pipe has a 1 year low of $16.52 and a 1 year high of $25.98.
In other Northwest Pipe news, Director Richard A. Roman sold 9,446 shares of the business’s stock in a transaction dated Friday, December 14th. The shares were sold at an average price of $23.04, for a total value of $217,635.84. Following the completion of the sale, the director now directly owns 35,200 shares of the company’s stock, valued at approximately $811,008. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.90% of the stock is owned by insiders.
A number of equities analysts recently commented on the stock. Zacks Investment Research raised shares of Northwest Pipe from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Thursday, November 15th. ValuEngine cut shares of Northwest Pipe from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 14th.
Northwest Pipe Company Profile
Northwest Pipe Company manufactures engineered steel pipe water systems in North America. It produces large-diameter, high-pressure, and engineered welded steel pipeline systems for use in drinking water infrastructure; and pipes for piling and hydroelectric projects, wastewater treatment plants, and other applications, as well as for industrial plant piping systems and structural applications.
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