Willbros Group Inc (NYSE:WG) – Equities research analysts at KeyCorp reduced their FY2017 earnings per share estimates for shares of Willbros Group in a research report issued on Tuesday, according to Zacks Investment Research. KeyCorp analyst T. Afzal now anticipates that the oil and gas company will earn ($0.87) per share for the year, down from their previous estimate of ($0.11). KeyCorp also issued estimates for Willbros Group’s Q4 2017 earnings at ($0.08) EPS and FY2018 earnings at $0.05 EPS.
Willbros Group (NYSE:WG) last released its quarterly earnings results on Wednesday, November 8th. The oil and gas company reported ($0.52) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.49). Willbros Group had a negative net margin of 8.45% and a negative return on equity of 54.91%. The business had revenue of $240.77 million during the quarter, compared to analysts’ expectations of $246.20 million. During the same quarter last year, the business posted ($0.17) earnings per share. The company’s quarterly revenue was up 37.7% compared to the same quarter last year.
A number of other research firms have also recently commented on WG. Zacks Investment Research cut Willbros Group from a “buy” rating to a “hold” rating in a research note on Saturday, September 9th. ValuEngine upgraded Willbros Group from a “sell” rating to a “hold” rating in a research note on Friday, September 15th. Finally, Credit Suisse Group increased their price target on Willbros Group from $1.25 to $1.35 and gave the company an “underperformer” rating in a research note on Wednesday, August 16th.
Shares of Willbros Group (WG) opened at $1.22 on Thursday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.30 and a quick ratio of 1.29. Willbros Group has a 12 month low of $1.11 and a 12 month high of $3.84.
Several large investors have recently made changes to their positions in the company. Algert Global LLC purchased a new position in shares of Willbros Group in the third quarter worth about $919,000. California Public Employees Retirement System raised its stake in shares of Willbros Group by 19.0% in the third quarter. California Public Employees Retirement System now owns 465,956 shares of the oil and gas company’s stock worth $1,500,000 after purchasing an additional 74,556 shares during the last quarter. 22NW LP purchased a new position in shares of Willbros Group in the third quarter worth about $647,000. Royce & Associates LP raised its stake in shares of Willbros Group by 14.1% in the third quarter. Royce & Associates LP now owns 1,982,409 shares of the oil and gas company’s stock worth $6,383,000 after purchasing an additional 245,000 shares during the last quarter. Finally, OxFORD Asset Management LLP purchased a new position in shares of Willbros Group in the third quarter worth about $195,000. Hedge funds and other institutional investors own 65.59% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “Willbros Group Inc to Post FY2017 Earnings of ($0.87) Per Share, KeyCorp Forecasts (NYSE:WG)” was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this report on another domain, it was stolen and republished in violation of US & international copyright and trademark laws. The correct version of this report can be accessed at https://ledgergazette.com/2017/12/09/fy2017-earnings-estimate-for-willbros-group-inc-wg-issued-by-keycorp.html.
About Willbros Group
Willbros Group, Inc is a specialty energy infrastructure contractor serving the oil and gas and power industries with offerings that primarily include construction, maintenance and facilities development services. The Company operates through three segments: Oil & Gas, Utility T&D and Canada. The Company provides services through operating subsidiaries.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Willbros Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Willbros Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.