Flotek Industries (NYSE:FTK) Issues Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Flotek Industries (NYSE:FTK - Get Free Report) announced its quarterly earnings data on Monday. The oil and gas company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.04, Zacks reports. Flotek Industries had a net margin of 4.58% and a return on equity of 7.76%. The business had revenue of $50.76 million for the quarter, compared to analyst estimates of $50.08 million. During the same period in the prior year, the business posted $0.07 earnings per share.

Flotek Industries Stock Performance

NYSE:FTK traded up $0.37 during trading hours on Friday, hitting $9.25. The stock had a trading volume of 195,702 shares, compared to its average volume of 137,714. Flotek Industries has a one year low of $3.13 and a one year high of $10.35. The company has a market cap of $275.46 million, a price-to-earnings ratio of 35.58 and a beta of 1.21. The business's 50 day moving average is $8.56 and its 200-day moving average is $7.07.

Flotek Industries Company Profile

Flotek Industries, Inc operates as a technology-driven green chemistry and data company that serves customers across industrial and commercial markets in the United States, the United Arab Emirates, and internationally. It operates through two segments: Chemistry Technologies (CT) and Data Analytics (DA).