Northwest Pipe (NASDAQ:NWPX) released its quarterly earnings data on Sunday. The industrial products company reported $0.22 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.05, MarketWatch Earnings reports. Northwest Pipe had a net margin of 8.95% and a return on equity of 10.77%.
Shares of Northwest Pipe stock traded down $1.11 during mid-day trading on Tuesday, hitting $32.66. The stock had a trading volume of 73,670 shares, compared to its average volume of 42,685. The firm has a 50-day moving average of $33.26 and a two-hundred day moving average of $30.93. Northwest Pipe has a 12-month low of $19.33 and a 12-month high of $38.08. The company has a quick ratio of 4.07, a current ratio of 4.92 and a debt-to-equity ratio of 0.04. The firm has a market cap of $321.96 million, a P/E ratio of 12.89 and a beta of 0.88.
A number of analysts have commented on NWPX shares. Zacks Investment Research downgraded shares of Northwest Pipe from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 9th. DA Davidson reiterated a “buy” rating on shares of Northwest Pipe in a report on Thursday, March 4th.
About Northwest Pipe
Northwest Pipe Co operates as a manufacturer of engineered steel pipe water systems in North America. It operates through the Water Infrastructure segment, which produces engineered pipeline systems including steel pipe, reinforced concrete pipe, and protective linings. These pipeline systems are primarily used in water infrastructure including drinking water systems, hydroelectric power systems, wastewater systems, industrial plant piping systems, certain structural applications and other applications.
Featured Story: Front-End Load