Analysts expect Civeo Co. (NYSE:CVEO – Get Rating) to report sales of $142.25 million for the current quarter, Zacks reports. Two analysts have made estimates for Civeo’s earnings, with the highest sales estimate coming in at $142.40 million and the lowest estimate coming in at $142.09 million. Civeo posted sales of $125.43 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 13.4%. The business is scheduled to issue its next quarterly earnings results on Monday, January 1st.
According to Zacks, analysts expect that Civeo will report full-year sales of $610.06 million for the current fiscal year, with estimates ranging from $606.10 million to $614.02 million. For the next financial year, analysts anticipate that the business will post sales of $614.67 million, with estimates ranging from $597.14 million to $632.20 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover Civeo.
Civeo (NYSE:CVEO – Get Rating) last released its earnings results on Monday, February 28th. The business services provider reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.59. The company had revenue of $159.79 million for the quarter, compared to the consensus estimate of $142.54 million. Civeo had a return on equity of 2.54% and a net margin of 0.23%. During the same period in the previous year, the business earned ($0.16) earnings per share.
In other news, major shareholder Lance Torgerson sold 6,401 shares of Civeo stock in a transaction dated Wednesday, January 26th. The stock was sold at an average price of $20.52, for a total value of $131,348.52. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Peter Mccann sold 6,650 shares of Civeo stock in a transaction dated Friday, February 25th. The stock was sold at an average price of $22.49, for a total value of $149,558.50. The disclosure for this sale can be found here. Insiders sold 1,034,196 shares of company stock worth $23,455,250 over the last 90 days. Company insiders own 3.00% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Raymond James & Associates increased its holdings in shares of Civeo by 0.9% in the third quarter. Raymond James & Associates now owns 86,101 shares of the business services provider’s stock worth $1,936,000 after purchasing an additional 779 shares during the last quarter. Royce & Associates LP increased its holdings in shares of Civeo by 2.2% in the fourth quarter. Royce & Associates LP now owns 40,721 shares of the business services provider’s stock worth $781,000 after purchasing an additional 873 shares during the last quarter. Advisor Group Holdings Inc. increased its stake in Civeo by 82.8% during the third quarter. Advisor Group Holdings Inc. now owns 1,969 shares of the business services provider’s stock worth $44,000 after acquiring an additional 892 shares during the last quarter. Bank of America Corp DE increased its stake in Civeo by 812.7% during the second quarter. Bank of America Corp DE now owns 1,515 shares of the business services provider’s stock worth $27,000 after acquiring an additional 1,349 shares during the last quarter. Finally, Brown Advisory Inc. increased its stake in Civeo by 0.6% during the fourth quarter. Brown Advisory Inc. now owns 289,316 shares of the business services provider’s stock worth $5,546,000 after acquiring an additional 1,660 shares during the last quarter. 76.69% of the stock is currently owned by hedge funds and other institutional investors.
NYSE CVEO opened at $26.35 on Thursday. The company has a market capitalization of $373.77 million, a PE ratio of -175.67, a price-to-earnings-growth ratio of 9.16 and a beta of 3.29. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.10 and a current ratio of 1.15. The business’s fifty day moving average is $23.72 and its 200 day moving average is $22.05. Civeo has a fifty-two week low of $14.90 and a fifty-two week high of $27.90.
Civeo Company Profile (Get Rating)
Civeo Corporation provides hospitality services to the natural resource industry in Canada, Australia, and the United States. The company develops lodges and villages; and mobile accommodations, including modular, skid-mounted accommodation, and central facilities that provide long-term and temporary work force accommodations.
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