What is Sidoti Csr's Forecast for Civeo FY2026 Earnings?

Civeo Co. (NYSE:CVEO - Free Report) - Analysts at Sidoti Csr increased their FY2026 earnings per share (EPS) estimates for Civeo in a report released on Friday, March 28th. Sidoti Csr analyst S. Ferazani now forecasts that the business services provider will earn $1.07 per share for the year, up from their prior forecast of $0.95. The consensus estimate for Civeo's current full-year earnings is ($0.58) per share.

Separately, StockNews.com cut shares of Civeo from a "buy" rating to a "hold" rating in a research note on Monday.

Civeo Price Performance

Civeo stock traded down $1.06 during midday trading on Monday, reaching $23.22. The company's stock had a trading volume of 98,270 shares, compared to its average volume of 64,927. The firm has a market capitalization of $317.05 million, a PE ratio of 16.59 and a beta of 2.03. Civeo has a fifty-two week low of $20.26 and a fifty-two week high of $28.92. The stock's 50 day simple moving average is $23.34 and its 200 day simple moving average is $24.48. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.28 and a current ratio of 1.36.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CVEO. FMR LLC grew its stake in Civeo by 3.4% in the 3rd quarter. FMR LLC now owns 1,524,352 shares of the business services provider's stock valued at $41,767,000 after acquiring an additional 50,400 shares during the last quarter. TCW Group Inc. raised its position in shares of Civeo by 4.2% during the 4th quarter. TCW Group Inc. now owns 780,217 shares of the business services provider's stock worth $17,727,000 after purchasing an additional 31,157 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Civeo by 3.2% in the 4th quarter. Renaissance Technologies LLC now owns 659,648 shares of the business services provider's stock valued at $14,987,000 after buying an additional 20,200 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Civeo by 7.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 517,457 shares of the business services provider's stock worth $11,756,000 after buying an additional 35,648 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Civeo by 15.9% in the fourth quarter. American Century Companies Inc. now owns 398,013 shares of the business services provider's stock valued at $9,043,000 after acquiring an additional 54,532 shares in the last quarter. Hedge funds and other institutional investors own 81.44% of the company's stock.

Civeo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.31%. The ex-dividend date was Monday, February 24th. Civeo's payout ratio is currently -80.00%.

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.