Civeo (NYSE:CVEO) Announces Earnings Results, Beats Expectations By $0.13 EPS
Civeo (NYSE:CVEO) posted its earnings results on Wednesday. The business services provider reported $0.03 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.13, MarketWatch Earnings reports. Civeo had a negative net margin of 33.62% and a negative return on equity of 5.46%. Civeo updated its FY 2020
Pre-Market guidance to EPS.
Shares of NYSE:CVEO traded down $0.01 during midday trading on Thursday, reaching $0.76. The company’s stock had a trading volume of 59,375 shares, compared to its average volume of 222,781. The firm has a market capitalization of $130.85 million, a PE ratio of -0.67 and a beta of 3.67. The company has a quick ratio of 1.13, a current ratio of 1.19 and a debt-to-equity ratio of 1.26. The stock has a fifty day moving average of $0.58 and a 200 day moving average of $0.76. Civeo has a twelve month low of $0.34 and a twelve month high of $1.71.
In other news, Director Martin Lambert purchased 183,190 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The shares were bought at an average price of $0.63 per share, for a total transaction of $115,409.70. Following the completion of the transaction, the director now owns 991,989 shares in the company, valued at $624,953.07. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.50% of the stock is currently owned by company insiders.
Civeo Corporation provides hospitality services to the natural resource industry in Canada, Australia, the United States, and internationally. The company develops lodges and villages; and mobile accommodations, including modular, skid-mounted accommodation, and central facilities that provide long-term and temporary work force accommodations.
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