ProFrac (ACDC) Scheduled to Post Quarterly Earnings on Thursday

ProFrac (NASDAQ:ACDC) is set to post its quarterly earnings results before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of $0.08 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

ProFrac (NASDAQ:ACDC) last issued its quarterly earnings data on Friday, March 15th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.23). The company had revenue of $489.10 million for the quarter, compared to the consensus estimate of $594.17 million. ProFrac had a positive return on equity of 3.04% and a negative net margin of 3.98%. On average, analysts expect ProFrac to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

ProFrac Stock Performance

NASDAQ:ACDC opened at $7.37 on Tuesday. The company has a market capitalization of $1.18 billion, a PE ratio of -13.91 and a beta of 0.76. ProFrac has a fifty-two week low of $6.46 and a fifty-two week high of $14.32. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.62 and a current ratio of 0.98. The company has a 50 day simple moving average of $8.09 and a two-hundred day simple moving average of $8.07.

Analyst Ratings Changes

Several equities research analysts recently commented on ACDC shares. Bank of America raised their target price on ProFrac from $8.50 to $9.50 and gave the stock a “neutral” rating in a research note on Monday, April 15th. Stifel Nicolaus reduced their target price on ProFrac from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Thursday, March 14th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, ProFrac has a consensus rating of “Hold” and a consensus target price of $12.50.

ProFrac Company Profile

ProFrac Holding Corp. operates as a technology-focused energy services holding company in the United States. It operates through three segments: Stimulation Services, Manufacturing, and Proppant Production. The company offers hydraulic fracturing, well stimulation, in-basin frac sand, and other completion services and complementary products and services to upstream oil and natural gas companies engaged in the exploration and production of unconventional oil and natural gas resources.