Sidoti Csr Analysts Decrease Earnings Estimates for Civeo

Civeo Co. (NYSE:CVEO - Free Report) - Research analysts at Sidoti Csr reduced their FY2025 earnings per share estimates for shares of Civeo in a report issued on Thursday, October 31st. Sidoti Csr analyst S. Ferazani now forecasts that the business services provider will earn $0.15 per share for the year, down from their prior forecast of $0.21. The consensus estimate for Civeo's current full-year earnings is ($0.36) per share. Sidoti Csr also issued estimates for Civeo's Q1 2026 earnings at ($1.11) EPS, Q2 2026 earnings at $1.89 EPS and Q3 2026 earnings at $2.08 EPS.

Civeo (NYSE:CVEO - Get Free Report) last issued its quarterly earnings data on Tuesday, July 30th. The business services provider reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.35. The company had revenue of $188.71 million during the quarter, compared to the consensus estimate of $173.70 million. Civeo had a net margin of 3.00% and a return on equity of 0.11%. During the same quarter in the prior year, the firm earned $0.30 earnings per share.

A number of other equities analysts also recently weighed in on the stock. Stifel Nicolaus restated a "buy" rating and set a $32.00 target price (up from $31.00) on shares of Civeo in a report on Wednesday, July 31st. StockNews.com cut shares of Civeo from a "strong-buy" rating to a "buy" rating in a report on Friday.

Civeo Stock Down 0.7 %

NYSE CVEO traded down $0.17 during trading on Friday, hitting $25.48. The stock had a trading volume of 75,155 shares, compared to its average volume of 51,243. The company's 50-day moving average price is $27.65 and its two-hundred day moving average price is $25.86. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.46 and a current ratio of 1.36. The company has a market capitalization of $366.17 million, a PE ratio of 18.20 and a beta of 2.04. Civeo has a 12 month low of $20.58 and a 12 month high of $28.92.

Hedge Funds Weigh In On Civeo

A number of hedge funds and other institutional investors have recently made changes to their positions in CVEO. Quent Capital LLC bought a new position in shares of Civeo during the 1st quarter worth approximately $98,000. SG Americas Securities LLC purchased a new stake in shares of Civeo in the second quarter valued at about $128,000. Aristides Capital LLC purchased a new position in shares of Civeo in the 2nd quarter worth approximately $213,000. Meixler Investment Management Ltd. purchased a new stake in shares of Civeo during the 1st quarter valued at $220,000. Finally, Lazard Asset Management LLC increased its holdings in Civeo by 42.6% during the first quarter. Lazard Asset Management LLC now owns 10,773 shares of the business services provider's stock worth $289,000 after buying an additional 3,220 shares during the last quarter. 81.44% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Civeo

In other Civeo news, SVP Allan Schoening sold 5,000 shares of the stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $27.50, for a total value of $137,500.00. Following the completion of the transaction, the senior vice president now directly owns 16,146 shares in the company, valued at approximately $444,015. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 4.30% of the company's stock.

Civeo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, November 25th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.92%. The ex-dividend date of this dividend is Monday, November 25th. Civeo's payout ratio is 71.43%.

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.