– $ 0.01 EPS expected for Civeo Co. (NYSE: CVEO) this quarter

Wall Street analysts expect Civeo Co. (NYSE: CVEO) to post earnings per share of ($ 0.01) for the current fiscal quarter, reports Zacks Investment Research. Two analysts have provided earnings estimates for Civeo. Civeo posted earnings of ($ 0.16) per share for the same quarter last year, suggesting a positive year-over-year growth rate of 93.8%. The company is expected to release its next earnings report on Friday, February 25.

According to Zacks, analysts expect Civeo to report annual earnings of ($ 0.74) per share for the current fiscal year. For the next fiscal year, analysts expect the company to post earnings of $ 0.44 per share. Zacks’ earnings per share calculations are an average based on a survey of analysts who cover Civeo.

Civeo (NYSE: CVEO) last reported its quarterly results on Thursday, October 28. The business services provider reported earnings per share (EPS) of $ 0.03 for the quarter, missing analyst consensus estimates of $ 0.25 per ($ 0.22). The company posted revenue of $ 155.06 million in the quarter, compared to a consensus estimate of $ 154.95 million. Civeo has a negative net margin of 1.88% and a negative return on equity of 1.46%. During the same period of the previous year, the company posted earnings per share of $ 0.36.

In addition, Zacks Investment Research downgraded Civeo shares from a “buy” rating to a “conservation” rating in a report published on Monday, November 1.

Meanwhile, Senior Vice President Allan Schoening sold 4,557 shares of the company in a trade on Friday, September 24. The shares were sold at an average price of $ 23.75, for a total trade of $ 108,228.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In addition, main shareholder Lance Torgerson sold 6,831 shares of the company in a trade on Friday, November 12. The stock was sold for an average price of $ 21.78, for a total trade of $ 148,779.18. Disclosure of this sale can be found here. In the past 90 days, insiders have sold 144,641 shares of the company valued at $ 3,263,884. 3.00% of the shares are currently owned by insiders of the company.

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A number of hedge funds have recently changed their holdings in the company. Morgan Stanley increased its stake in Civeo by 8.5% in the 3rd quarter. Morgan Stanley now owns 51,283 shares of the business services provider valued at $ 1,153,000 after purchasing an additional 4,007 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Civeo by 15.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 48,303 shares of the business services provider valued at $ 1,086,000 after purchasing an additional 6,588 shares in the last quarter. Essex Financial Services Inc. acquired a new stake in Civeo in the 3rd quarter for a value of $ 226,000. Truist Financial Corp acquired a new stake in Civeo in the third quarter for a value of $ 1,806,000. Finally, Advisor Group Holdings Inc. increased its stake in Civeo by 82.8% in the 3rd quarter. Advisor Group Holdings Inc. now owns 1,969 shares of the business services provider valued at $ 44,000 after purchasing an additional 892 shares in the last quarter. Hedge funds and other institutional investors hold 75.23% of the company’s shares.

CVEO opened at $ 19.81 on Friday. The company’s fifty-day moving average is $ 21.87 and its two-hundred-day moving average is $ 21.07. The company has a leverage ratio of 0.56, a quick ratio of 1.11, and a current ratio of 1.15. The company has a market cap of $ 282.29 million, a PE ratio of -22.26 and a beta of 3.60. Civeo has a twelve month low of $ 13.09 and a twelve month high of $ 25.28.

About Civeo

Civeo Corp. provides labor accommodation, logistics and facilities management services to the natural resources industry. It operates in the following business sectors: Canada, Australia and United States. resource applications, as well as disaster relief efforts.

Read more: Outstanding Shares and Effect on Share Price

Get a Free Copy of Zacks’ Civeo Research Report (CVEO)

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