Chicago Bridge & Iron Company N (NYSE:CBI):
CB&I Announces Multi-Technology Contract in Kazakhstan.
The company is now up by 2.93 percent from yesterday’s close.
The company declared a dividend to be paid on Friday the 30th of June 2017. The dividend payment will be $0.070 per share for the quarter or $0.28 on an annualized basis. This dividend amount will represent a yeild of $1.73. The ex-dividend date is Thursday the 16th of March 2017.
Chicago Bridge & Iron Company N.V. (CB&I), incorporated in 1889, provides a range of services to customers in the energy infrastructure market across the world. The Company provides various services, such as conceptual design, technology, engineering, procurement, fabrication, modularization, construction, commissioning, maintenance, program management and environmental services, and provides various Government services. The Company operates through four segments: Engineering and Construction, Fabrication Services, Technology and Capital Services..
Company shares last traded at $16.16 just below the 50 day moving average which is $23.59 and which is slightly below the 200 day moving average of $30.19. The 50 day moving average went down by -31.49% whereas the 200 day moving average was down $-14.03 or -46.48%.
In the last earnings report the EPS was $-3.89 and is expected to be $3.34 for the current year with 100,844,000 shares currently outstanding. Next quarter’s EPS is forecasted at $1.13 with next year’s EPS anticipated to be $4.37.
A few investment analysts have released ratings on the company. On December 7, 2016 Argus Research began coverage of the stock setting a rating of “Buy”. On September 26 Credit Suisse left the company rating at “Outperform” but moved down the price target to $37.00 from $51.00.
On September 21 the company was downgraded to “Hold” from “Buy” in a report issued by Johnson Rice. On July 25 the stock rating was downgraded from “” to “Neutral” and a price target of $38.00 was set by analysts at Citigroup.
On July 22 the company was changed to a “Neutral” according to a Baird report down from the previous “Outperform” rating. On May 16, 2016 the stock rating was rated “Buy” in a report from Johnson Rice which is up from the previous “Overweight” rating.