Northwest Pipe (NASDAQ:NWPX) Releases Earnings Results, Beats Expectations By $0.18 EPS

Northwest Pipe (NASDAQ:NWPX) issued its earnings results on Wednesday. The industrial products company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.18, Zacks reports. The business had revenue of $113.22 million during the quarter, compared to analysts’ expectations of $103.20 million. Northwest Pipe had a net margin of 4.74% and a return on equity of 6.36%. During the same period in the prior year, the business earned $0.23 earnings per share.

Northwest Pipe Stock Up 2.4 %

NWPX stock traded up $0.77 during midday trading on Thursday, reaching $32.40. 57,874 shares of the company were exchanged, compared to its average volume of 44,445. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.88 and a current ratio of 2.83. Northwest Pipe has a 1-year low of $25.58 and a 1-year high of $35.32. The stock’s 50-day simple moving average is $32.66 and its 200 day simple moving average is $29.93. The company has a market cap of $321.41 million, a price-to-earnings ratio of 15.13, a price-to-earnings-growth ratio of 2.74 and a beta of 0.97.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on NWPX shares. TheStreet upgraded shares of Northwest Pipe from a “c+” rating to a “b-” rating in a research report on Thursday, February 1st. DA Davidson upped their price objective on shares of Northwest Pipe from $37.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Finally, StockNews.com raised shares of Northwest Pipe from a “hold” rating to a “buy” rating in a report on Tuesday, March 5th.

About Northwest Pipe

Northwest Pipe Company, together with its subsidiaries, engages in the manufacture and supply of water-related infrastructure products in North America. It operates in two segments, Engineered Steel Pressure Pipe (SPP) and Precast Infrastructure and Engineered Systems (Precast). The SPP segment offers large-diameter and high-pressure steel pipeline systems for use in water infrastructure applications, which are primarily related to drinking water systems.