Shimmick (SHIM) Scheduled to Post Earnings on Tuesday

Shimmick (NASDAQ:SHIM - Get Free Report) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, November 12th. Analysts expect Shimmick to post earnings of ($0.38) per share for the quarter.

Shimmick (NASDAQ:SHIM - Get Free Report) last announced its quarterly earnings results on Thursday, August 15th. The company reported ($1.83) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.36) by ($1.47). The firm had revenue of $90.61 million for the quarter, compared to analyst estimates of $120.00 million. Shimmick had a negative net margin of 12.90% and a negative return on equity of 134.28%. On average, analysts expect Shimmick to post $-4 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Shimmick Stock Up 5.4 %

Shares of Shimmick stock traded up $0.11 during trading on Friday, hitting $2.14. 6,316 shares of the stock traded hands, compared to its average volume of 348,045. The stock has a market cap of $71.88 million and a P/E ratio of -0.89. The company has a debt-to-equity ratio of 151.25, a quick ratio of 0.79 and a current ratio of 0.79. Shimmick has a twelve month low of $1.47 and a twelve month high of $7.99. The company has a fifty day moving average price of $2.47 and a two-hundred day moving average price of $2.55.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SHIM. Craig Hallum reduced their price target on Shimmick from $4.00 to $3.00 and set a "hold" rating for the company in a report on Monday, August 19th. Roth Mkm reduced their price target on Shimmick from $3.50 to $3.00 and set a "neutral" rating for the company in a report on Monday, August 19th.

Shimmick Company Profile

Shimmick Corporation provides water and other critical infrastructure solutions in the United States. The company undertakes water and wastewater treatment infrastructure; water storage and conveyance, including dams, levees, flood control systems, pump stations, and coastal protection infrastructure; and mass transit, bridges, and military infrastructure projects.