New Fortress Energy (NFE) Set to Announce Earnings on Monday

New Fortress Energy (NASDAQ:NFE) will be releasing its earnings data before the market opens on Monday, August 3rd. Analysts expect New Fortress Energy to post earnings of ($0.15) per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

New Fortress Energy (NASDAQ:NFE) last announced its earnings results on Monday, May 4th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.22) by ($0.10). New Fortress Energy had a negative net margin of 12.22% and a negative return on equity of 7.19%. The business had revenue of $74.53 million during the quarter, compared to analyst estimates of $94.26 million. On average, analysts expect New Fortress Energy to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of NFE opened at $21.60 on Friday. The business’s 50 day moving average is $15.70 and its two-hundred day moving average is $13.91. New Fortress Energy has a 52-week low of $7.01 and a 52-week high of $22.05. The firm has a market cap of $3.63 billion, a price-to-earnings ratio of -18.00 and a beta of 1.73. The company has a quick ratio of 2.55, a current ratio of 2.73 and a debt-to-equity ratio of 3.01.

A number of brokerages have issued reports on NFE. Johnson Rice began coverage on New Fortress Energy in a research report on Wednesday, June 17th. They issued a “buy” rating and a $22.00 target price on the stock. ValuEngine lowered New Fortress Energy from a “buy” rating to a “hold” rating in a research report on Thursday, July 2nd. Citigroup dropped their price target on New Fortress Energy from $21.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Zacks Investment Research raised New Fortress Energy from a “sell” rating to a “hold” rating in a research report on Friday, July 10th. Finally, BidaskClub raised New Fortress Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, July 21st. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $21.14.

New Fortress Energy Company Profile

New Fortress Energy LLC operates as an integrated gas-to-power company. The company's activities include natural gas procurement and liquefaction; provision of logistics and shipping services; development and operation of terminals; and conversion or development of natural gas-fired generation. It intends to serve power, transportation, and industrial users of natural gas and LNG.

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Earnings History for New Fortress Energy (NASDAQ:NFE)

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