Civeo (NYSE:CVEO) Announces Earnings Results

Civeo (NYSE:CVEO - Get Free Report) released its quarterly earnings results on Thursday. The business services provider reported ($0.88) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.61), Zacks reports. Civeo had a net margin of 3.00% and a return on equity of 0.11%. The business had revenue of $150.95 million during the quarter, compared to analysts' expectations of $162.57 million. Civeo updated its FY 2025 guidance to EPS.

Civeo Stock Performance

CVEO traded down $0.21 during trading on Monday, hitting $21.29. The stock had a trading volume of 188,931 shares, compared to its average volume of 118,446. The firm has a market capitalization of $293.23 million, a P/E ratio of 15.21 and a beta of 2.00. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.28 and a current ratio of 1.36. Civeo has a twelve month low of $20.68 and a twelve month high of $28.92. The company's 50-day moving average price is $23.89 and its 200 day moving average price is $25.37.

Civeo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.70%. The ex-dividend date of this dividend is Monday, February 24th. Civeo's dividend payout ratio is presently 71.43%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Civeo from a "strong-buy" rating to a "buy" rating in a report on Sunday, December 29th.

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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.