Civeo (NYSE:CVEO – Get Rating) is scheduled to release its earnings data before the market opens on Friday, April 29th. Analysts expect Civeo to post earnings of ($0.31) per share for the quarter. Civeo has set its FY 2022 guidance at EPS.Parties interested in registering for the company’s conference call can do so using this link.
Civeo (NYSE:CVEO – Get Rating) last released its quarterly earnings results on Monday, February 28th. The business services provider reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.59. Civeo had a net margin of 0.23% and a return on equity of 2.54%. The company had revenue of $159.79 million during the quarter, compared to the consensus estimate of $142.54 million. During the same period in the previous year, the business earned ($0.16) earnings per share. On average, analysts expect Civeo to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of CVEO stock opened at $25.05 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.15 and a debt-to-equity ratio of 0.47. Civeo has a twelve month low of $15.21 and a twelve month high of $27.90. The company has a market cap of $355.33 million, a P/E ratio of -167.00, a P/E/G ratio of 9.16 and a beta of 3.29. The business has a fifty day simple moving average of $23.77 and a 200 day simple moving average of $22.07.
In other Civeo news, SVP Allan Schoening sold 5,000 shares of the stock in a transaction dated Monday, March 7th. The stock was sold at an average price of $23.41, for a total transaction of $117,050.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Peter Mccann sold 6,650 shares of the firm’s stock in a transaction dated Friday, February 25th. The shares were sold at an average price of $22.49, for a total transaction of $149,558.50. The disclosure for this sale can be found here. Insiders sold a total of 1,034,196 shares of company stock worth $23,455,250 in the last 90 days. 3.00% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in CVEO. Morgan Stanley grew its position in Civeo by 137.8% during the second quarter. Morgan Stanley now owns 47,276 shares of the business services provider’s stock worth $842,000 after buying an additional 27,396 shares during the period. Millennium Management LLC acquired a new position in Civeo during the fourth quarter worth approximately $408,000. JPMorgan Chase & Co. increased its position in Civeo by 20.8% during the fourth quarter. JPMorgan Chase & Co. now owns 11,259 shares of the business services provider’s stock worth $215,000 after purchasing an additional 1,939 shares during the last quarter. Finally, Bank of America Corp DE increased its position 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 purchasing an additional 1,349 shares during the last quarter. 76.69% of the stock is owned by hedge funds and other institutional investors.
About Civeo (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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