ProFrac (ACDC) to Release Earnings on Thursday

ProFrac (NASDAQ:ACDC) will post its quarterly earnings results before the market opens on Thursday, May 9th. Analysts expect ProFrac to post earnings of $0.08 per share for the quarter. Persons that are interested in registering for the company’s conference call can do so using this link.

ProFrac (NASDAQ:ACDC) last issued its earnings results on Friday, March 15th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.23). ProFrac had a positive return on equity of 3.04% and a negative net margin of 3.98%. The business had revenue of $489.10 million for the quarter, compared to analyst estimates of $594.17 million. On average, analysts expect ProFrac to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

ProFrac Trading Down 0.4 %

Shares of ProFrac stock opened at $7.34 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.62 and a debt-to-equity ratio of 0.74. ProFrac has a 12-month low of $6.46 and a 12-month high of $14.32. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of -13.85 and a beta of 0.76. The company has a fifty day simple moving average of $8.07 and a 200-day simple moving average of $8.05.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ACDC shares. Bank of America upped their target price on ProFrac from $8.50 to $9.50 and gave the company a “neutral” rating in a research report on Monday, April 15th. Stifel Nicolaus dropped their target price on shares of ProFrac from $12.00 to $10.00 and set a “buy” rating for the company in a report on Thursday, March 14th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $12.50.

ProFrac Company Profile

ProFrac Holding Corp. operates as a technology-focused energy services holding company in the United States. It operates through three segments: Stimulation Services, Manufacturing, and Proppant Production. The company offers hydraulic fracturing, well stimulation, in-basin frac sand, and other completion services and complementary products and services to upstream oil and natural gas companies engaged in the exploration and production of unconventional oil and natural gas resources.