CBI's Updated Guidance Largely In-Line With Jefferies & Company Estimates

The general tone was very positive as management confidently highlighted Chicago Bridge & Iron Company's CBI end market opportunities and addressed potential headwinds, Jefferies & Company reports. “The company updated guidance providing slightly higher 2010 EPS estimates and encouraging initial guidance for 2011,” Jefferies & Company writes. “To that point, our estimates are largely in-line with the updated information and we are not adjusting them at this time.” Jefferies & Company added than its view, 2011 guidance is conservative on both new orders and EPS. “The company's quarterly dividend of $0.04 was reinstated after suspending the payment in the first quarter of 2009 as a result of global economic uncertainty,” Jefferies & Company concluded. Chicago Bridge & Iron Company currently trades at $28.92.