Brokers Set Expectations for Perma-Fix Environmental Services, Inc.’s Q1 2024 Earnings (NASDAQ:PESI)

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) – Analysts at Sidoti Csr decreased their Q1 2024 earnings estimates for Perma-Fix Environmental Services in a research note issued on Thursday, April 11th. Sidoti Csr analyst B. Russo now anticipates that the industrial products company will post earnings per share of ($0.25) for the quarter, down from their prior forecast of ($0.02). The consensus estimate for Perma-Fix Environmental Services’ current full-year earnings is ($0.11) per share. Sidoti Csr also issued estimates for Perma-Fix Environmental Services’ FY2024 earnings at ($0.11) EPS.

Several other equities analysts have also weighed in on the stock. TheStreet raised shares of Perma-Fix Environmental Services from a “d+” rating to a “c-” rating in a research report on Thursday, February 22nd. StockNews.com lowered shares of Perma-Fix Environmental Services from a “buy” rating to a “hold” rating in a research report on Saturday, April 6th.

Perma-Fix Environmental Services Stock Performance

Shares of PESI stock opened at $11.95 on Monday. The stock has a market cap of $163.36 million, a P/E ratio of 398.47 and a beta of 0.52. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.18 and a quick ratio of 1.13. The company has a fifty day moving average price of $9.62 and a two-hundred day moving average price of $8.84. Perma-Fix Environmental Services has a one year low of $6.51 and a one year high of $14.17.

Perma-Fix Environmental Services (NASDAQ:PESI) last announced its quarterly earnings results on Wednesday, March 13th. The industrial products company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The firm had revenue of $22.72 million during the quarter, compared to analysts’ expectations of $22.30 million. Perma-Fix Environmental Services had a net margin of 0.54% and a return on equity of 2.38%.

Hedge Funds Weigh In On Perma-Fix Environmental Services

Several large investors have recently modified their holdings of PESI. Morgan Dempsey Capital Management LLC raised its position in shares of Perma-Fix Environmental Services by 1,146.7% in the first quarter. Morgan Dempsey Capital Management LLC now owns 253,143 shares of the industrial products company’s stock valued at $1,400,000 after purchasing an additional 232,838 shares during the period. Essex Investment Management Co. LLC bought a new position in Perma-Fix Environmental Services during the third quarter worth about $1,520,000. Potomac Capital Management Inc. increased its position in Perma-Fix Environmental Services by 34.6% during the first quarter. Potomac Capital Management Inc. now owns 324,000 shares of the industrial products company’s stock worth $3,817,000 after acquiring an additional 83,320 shares during the period. Legato Capital Management LLC bought a new position in Perma-Fix Environmental Services during the third quarter worth about $571,000. Finally, UBS Group AG increased its position in Perma-Fix Environmental Services by 4,262.6% during the third quarter. UBS Group AG now owns 52,787 shares of the industrial products company’s stock worth $236,000 after acquiring an additional 51,577 shares during the period. 25.52% of the stock is owned by institutional investors.

About Perma-Fix Environmental Services

Perma-Fix Environmental Services, Inc, through its subsidiaries, operates as an environmental and technology know-how company in the United States. The company through Treatment and Services segments. The Treatment segment offers nuclear, low-level radioactive, mixed waste, hazardous and non-hazardous waste treatment, and processing and disposal services through treatment and storage facilities.