Foraco International (FAR) Set to Announce Quarterly Earnings on Tuesday

Foraco International (TSE:FAR) will release its earnings data before the market opens on Tuesday, April 30th. Analysts expect Foraco International to post earnings of C$0.05 per share for the quarter.

Foraco International (TSE:FAR) last posted its earnings results on Friday, February 16th. The company reported C$0.03 EPS for the quarter. The firm had revenue of C$117.89 million for the quarter. Foraco International had a net margin of 7.76% and a return on equity of 39.08%.

Foraco International Trading Down 0.3 %

Foraco International stock opened at C$3.14 on Friday. The company has a debt-to-equity ratio of 101.46, a current ratio of 1.49 and a quick ratio of 0.88. The company has a market capitalization of C$309.70 million, a price-to-earnings ratio of 8.05 and a beta of 1.30. Foraco International has a one year low of C$1.59 and a one year high of C$3.27. The company’s fifty day moving average price is C$2.92 and its two-hundred day moving average price is C$2.41.

Analysts Set New Price Targets

Separately, Clarus Securities reissued a “buy” rating on shares of Foraco International in a research report on Monday, March 18th.

About Foraco International

Foraco International SA, together with its subsidiaries, provides drilling services in North America, Europe, the Middle East, Africa, South America, and the Asia Pacific. It operates through two segments: Mining and Water. The company offers exploration, development, and production drilling services to the mining industry for energy transition, gold, and mineral exploitation; and various geological sampling and testing techniques, including chips and cores, stabilized holes for blasting, logging, boreholes to be used for injection of water or acid, cold water injection, production boreholes, large diameter core, and dual tube rotary bulk samples.