Civeo (CVEO) Set to Announce Quarterly Earnings on Wednesday

Civeo (NYSE:CVEO - Get Free Report) is scheduled to be releasing its earnings data before the market opens on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.03 per share for the quarter. Civeo has set its FY 2024 guidance at EPS.Investors interested in listening to the company's conference call can do so using this link.

Civeo (NYSE:CVEO - Get Free Report) last announced 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 firm had revenue of $188.71 million for the quarter, compared to analysts' expectations of $173.70 million. Civeo had a return on equity of 4.75% and a net margin of 4.95%. During the same period last year, the business posted $0.30 earnings per share. On average, analysts expect Civeo to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Civeo Stock Performance

CVEO traded down $0.32 on Wednesday, hitting $27.71. 26,145 shares of the company's stock were exchanged, compared to its average volume of 50,594. The company has a current ratio of 1.55, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. The stock has a fifty day moving average of $27.69 and a two-hundred day moving average of $25.84. The firm has a market cap of $405.12 million, a PE ratio of 13.13 and a beta of 2.04. Civeo has a twelve month low of $18.30 and a twelve month high of $28.92.

Civeo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, August 26th were given a dividend of $0.25 per share. The ex-dividend date was Monday, August 26th. This represents a $1.00 annualized dividend and a dividend yield of 3.61%. Civeo's dividend payout ratio is currently 47.39%.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus reissued a "buy" rating and issued a $32.00 price objective (up from $31.00) on shares of Civeo in a report on Wednesday, July 31st.

Insider Activity at Civeo

In other news, SVP Allan Schoening sold 5,000 shares of the stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $27.50, for a total transaction of $137,500.00. Following the completion of the sale, the senior vice president now owns 16,146 shares in the company, valued at approximately $444,015. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.30% of the company's stock.

Civeo Company Profile

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.