ChampionX (NASDAQ:CHX – Get Free Report) issued its earnings results on Wednesday. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.11), Zacks reports. ChampionX had a net margin of 9.74% and a return on equity of 21.42%. The firm had revenue of $893.30 million during the quarter, compared to the consensus estimate of $954.91 million. During the same period in the previous year, the company posted $0.48 EPS. The firm’s revenue for the quarter was down 3.6% on a year-over-year basis.
ChampionX Stock Performance
Shares of NASDAQ CHX traded down $0.02 during mid-day trading on Thursday, reaching $34.06. 1,966,866 shares of the company were exchanged, compared to its average volume of 1,974,393. The company’s 50-day simple moving average is $32.69 and its 200-day simple moving average is $32.30. The company has a quick ratio of 1.16, a current ratio of 1.83 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $6.49 billion, a P/E ratio of 18.79, a P/E/G ratio of 1.44 and a beta of 2.41. ChampionX has a twelve month low of $25.46 and a twelve month high of $39.95.
ChampionX Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, July 5th will be paid a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date is Friday, July 5th. ChampionX’s dividend payout ratio is currently 20.65%.
Analysts Set New Price Targets
Read Our Latest Analysis on ChampionX
About ChampionX
ChampionX Corporation provides chemistry solutions, artificial lift systems, and engineered equipment and technologies to oil and gas companies worldwide. The company operates through four segments: Production Chemical Technologies, Production & Automation Technologies, Drilling Technologies, and Reservoir Chemical Technologies.
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