Civeo (CVEO) Set to Announce Earnings on Wednesday

Civeo (NYSE:CVEO) will post its quarterly earnings results before the market opens on Wednesday, October 30th. Analysts expect Civeo to post earnings of $0.03 per share for the quarter. Civeo has set its FY 2024 guidance at EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

Civeo (NYSE:CVEO) last released its earnings results on Tuesday, July 30th. The business services provider reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.35. Civeo had a net margin of 4.95% and a return on equity of 4.75%. The business had revenue of $188.71 million during the quarter, compared to analysts’ expectations of $173.70 million. During the same quarter in the previous year, the company earned $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 Trading Up 0.6 %

CVEO stock opened at $28.17 on Monday. Civeo has a 12-month low of $18.30 and a 12-month high of $28.92. The business’s 50-day moving average is $27.71 and its 200 day moving average is $25.85. 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 market cap of $411.85 million, a price-to-earnings ratio of 13.35 and a beta of 2.04.

Civeo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, August 26th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date was Monday, August 26th. Civeo’s dividend payout ratio is presently 47.39%.

Insider Buying and Selling at Civeo

In other news, SVP Allan Schoening sold 5,000 shares of the business’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 16,146 shares in the company, valued at $444,015. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.30% of the stock is owned by insiders.

Analyst Ratings Changes

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

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.