Civeo (CVEO) Scheduled to Post Quarterly Earnings on Wednesday

Civeo (NYSE:CVEO) is scheduled to announce its earnings results before the market opens on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.03 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Civeo (NYSE:CVEO) last issued its earnings results on Tuesday, July 30th. The business services provider reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.35. The business had revenue of $188.71 million for the quarter, compared to the consensus estimate of $173.70 million. Civeo had a net margin of 4.95% and a return on equity of 4.75%. During the same period in the prior year, the firm earned $0.30 EPS. On average, analysts expect Civeo to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Civeo Price Performance

Shares of CVEO stock opened at $27.77 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.55 and a quick ratio of 1.46. The company has a market capitalization of $406.00 million, a P/E ratio of 13.16 and a beta of 2.04. The company’s 50-day simple moving average is $27.72 and its two-hundred day simple moving average is $25.85. Civeo has a one year low of $19.00 and a one year high of $28.92.

Insider Transactions at Civeo

In other news, SVP Allan Schoening sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $27.50, for a total value of $137,500.00. Following the completion of the sale, the senior vice president now owns 16,146 shares of the company’s stock, valued at approximately $444,015. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus restated a “buy” rating and issued a $32.00 target price (up from $31.00) on shares of Civeo in a research note on Wednesday, July 31st.

About Civeo

Civeo Corporation provides hospitality services to the natural resource industry in Canada, Australia, and the United States. The company develops lodges and villages; and mobile assets, including modular, skid-mounted accommodation, and central facilities that provide short to medium-term accommodation needs.