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

Northwest Pipe (NASDAQ:NWPX) announced its quarterly earnings results on Wednesday. The industrial products company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.18, Zacks reports. The company had revenue of $113.22 million during the quarter, compared to the consensus estimate 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 Performance

Shares of NWPX stock traded up $0.77 during trading hours on Thursday, hitting $32.40. 57,874 shares of the company were exchanged, compared to its average volume of 44,445. The firm has a fifty day simple moving average of $32.66 and a 200 day simple moving average of $29.93. The stock has a market capitalization of $321.41 million, a price-to-earnings ratio of 15.13, a P/E/G ratio of 2.74 and a beta of 0.97. Northwest Pipe has a 52-week low of $25.58 and a 52-week high of $35.32. The company has a current ratio of 2.83, a quick ratio of 1.88 and a debt-to-equity ratio of 0.16.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. DA Davidson upped their price target on shares of Northwest Pipe from $37.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. TheStreet raised shares of Northwest Pipe from a “c+” rating to a “b-” rating in a research report on Thursday, February 1st. Finally, StockNews.com raised shares of Northwest Pipe from a “hold” rating to a “buy” rating in a research report on Tuesday, March 5th.

Northwest Pipe Company Profile

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.