Propetro Holding Corp (PUMP) Expected to Announce Quarterly Sales of $525.79 Million
Analysts expect that Propetro Holding Corp (NYSE:PUMP) will post $525.79 million in sales for the current quarter, according to Zacks Investment Research. Twenty One analysts have made estimates for Propetro’s earnings, with the lowest sales estimate coming in at $471.19 million and the highest estimate coming in at $572.51 million. Propetro reported sales of $459.89 million during the same quarter last year, which suggests a positive year-over-year growth rate of 14.3%. The company is scheduled to report its next quarterly earnings results on Tuesday, August 6th.
According to Zacks, analysts expect that Propetro will report full-year sales of $2.12 billion for the current year, with estimates ranging from $1.92 billion to $2.29 billion. For the next year, analysts expect that the company will report sales of $2.28 billion, with estimates ranging from $1.69 billion to $2.53 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Propetro.
Propetro (NYSE:PUMP) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.05. Propetro had a return on equity of 30.69% and a net margin of 11.09%. The business had revenue of $546.18 million during the quarter, compared to analysts’ expectations of $524.22 million.
Shares of NYSE PUMP traded down $2.28 during trading hours on Thursday, hitting $19.28. 1,955,100 shares of the company’s stock were exchanged, compared to its average volume of 1,286,258. Propetro has a 1-year low of $11.27 and a 1-year high of $25.38. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.47 and a current ratio of 1.49. The stock has a market capitalization of $2.06 billion, a PE ratio of 9.64, a P/E/G ratio of 0.50 and a beta of 1.75.
ProPetro Holding Corp., an oilfield services company, provides pressure pumping and other related services. The company offers hydraulic fracturing services; and a suite of well completion and production services, including cementing, acidizing, coiled tubing, flowback, surface air drilling, and drilling services.
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