$0.52 Earnings Per Share Expected for Civeo Co. (NYSE:CVEO) This Quarter

Wall Street analysts forecast that Civeo Co. (NYSE:CVEOGet Rating) will announce $0.52 earnings per share for the current quarter, Zacks reports. Two analysts have issued estimates for Civeo’s earnings. The highest EPS estimate is $0.56 and the lowest is $0.47. Civeo reported earnings of $0.41 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 26.8%. The firm is expected to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Civeo will report full year earnings of $0.54 per share for the current fiscal year, with EPS estimates ranging from $0.37 to $0.71. For the next fiscal year, analysts anticipate that the company will report earnings of $0.99 per share, with EPS estimates ranging from $0.89 to $1.08. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Civeo.

Civeo (NYSE:CVEOGet Rating) last announced its earnings results on Friday, April 29th. The business services provider reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.31) by $0.37. Civeo had a return on equity of 6.14% and a net margin of 1.93%. During the same quarter in the prior year, the business posted ($0.70) EPS.

A number of equities research analysts have recently weighed in on CVEO shares. Zacks Investment Research raised shares of Civeo from a “hold” rating to a “strong-buy” rating and set a $33.00 price objective on the stock in a report on Tuesday, May 3rd. StockNews.com initiated coverage on shares of Civeo in a research note on Thursday, March 31st. They set a “strong-buy” rating for the company.

Civeo stock traded down $1.75 during mid-day trading on Monday, reaching $26.12. 486 shares of the company traded hands, compared to its average volume of 32,234. The firm’s fifty day moving average is $24.70 and its two-hundred day moving average is $22.41. The company has a market capitalization of $369.96 million, a price-to-earnings ratio of 42.82, a price-to-earnings-growth ratio of 5.16 and a beta of 2.99. Civeo has a fifty-two week low of $15.25 and a fifty-two week high of $30.99. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.36 and a quick ratio of 1.30.

In other Civeo news, SVP Allan Schoening sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, March 7th. The stock was sold at an average price of $23.41, for a total value of $117,050.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Lance Torgerson sold 7,363 shares of the business’s stock in a transaction that occurred on Friday, February 11th. The shares were sold at an average price of $22.41, for a total value of $165,004.83. The disclosure for this sale can be found here. In the last three months, insiders sold 985,117 shares of company stock valued at $22,406,741. Insiders own 3.80% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in CVEO. Bank of America Corp DE boosted its holdings in Civeo by 812.7% in the second quarter. Bank of America Corp DE now owns 1,515 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 1,349 shares during the period. Advisor Group Holdings Inc. raised its position 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. Hillsdale Investment Management Inc. purchased a new stake in shares of Civeo in the first quarter valued at about $46,000. JPMorgan Chase & Co. lifted its holdings in Civeo by 20.8% in the 4th quarter. JPMorgan Chase & Co. now owns 11,259 shares of the business services provider’s stock valued at $215,000 after purchasing an additional 1,939 shares in the last quarter. Finally, Essex Financial Services Inc. purchased a new stake in Civeo in the 3rd quarter worth approximately $226,000. 72.02% of the stock is currently owned by hedge funds and other institutional investors.

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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