Shaw Group (SHAW) Posts Quarterly Earnings Results, Misses Estimates By $0.28 EPS
Tuesday, June 28, 2021 6:09 PM

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Shaw Group (SHAW) announced its quarterly results on Tuesday. The company reported $0.39 earnings per share for the quarter, missing the Thomson Reuters consensus estimate of $0.67 by $0.28. The company’s quarterly revenue was down 16.7% on a year-over-year basis.

On a related note, analysts at UBS AG (NYSE: UBS) raised their EPS on shares of Shaw Group in a research note to investors on Friday, May 27th. They now have a "buy" rating and a $45.00 price target on the stock. Also, analysts at Citigroup (NYSE: C) raised their price target on shares of Shaw Group from $44.50 to $45.00 in a research note to investors on Tuesday, April 12nd. They now have a "hold" rating on the stock.

Shares of Shaw Group (SHAW) traded up 2.25% during mid-day trading on Tuesday, hitting $32.31. Shaw Group (SHAW) has a 52 week low of $27.61 and a 52 week high of $41.62. The stock's 50-day moving average is $35.31 and its 200-day moving average is $36.51. The company has a market cap of $2.628 billion and a price-to-earnings ratio of 66.53.

The Shaw Group Inc. (Shaw) is a provider of technology, engineering, procurement, construction, maintenance, fabrication, manufacturing, consulting, remediation and facilities management services to a diverse client base that includes multinational and national oil companies and industrial corporations, regulated utilities, independent and merchant power producers, and government agencies. The Company has developed and acquired intellectual property, including downstream petrochemical technologies, induction pipe bending technology and environmental decontamination technologies. As of August 31, 2010, Shaw operates in seven segments: Power, Plant Services, Environmental & Infrastructure (E&I), Energy & Chemicals (E&C), Fabrication & Manufacturing (F&M), Investment in Westinghouse, and Corporate.

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