Northwest Pipe Co (NASDAQ: NWPX) has reported earnings for its fourth fiscal quarter (ending December 31) of $0.54 versus $0.80 for the same period a year ago. For the latest four quarters through December 31, E.P.S. were $2.11 versus $3.14 for the same period a year ago.
Recent Price Action
Northwest Pipe Co (NASDAQ: NWPX) stock declined by -2.6% on 3/4/24. The shares closed at $29.07. However, this decline was accompanied by below average trading volume at 68% of normal. The stock has performed in line with the market over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
NWPX is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Northwest Pipe has a current Value Trend Rating of D (Negative). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Northwest Pipe has a slightly negative Appreciation Score of 39 and a slightly negative Power Rating of 38, leading to the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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