ChampionX (NASDAQ:CHX – Get Free Report) released its quarterly earnings results on Wednesday. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.11), Zacks reports. The firm had revenue of $893.30 million for the quarter, compared to analyst estimates of $954.91 million. ChampionX had a return on equity of 19.84% and a net margin of 8.66%. The company’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period last year, the firm earned $0.48 EPS.
ChampionX Price Performance
CHX stock traded up $0.05 on Friday, reaching $34.13. 456,857 shares of the company’s stock were exchanged, compared to its average volume of 1,970,862. The stock has a fifty day moving average of $32.68 and a 200-day moving average of $32.31. The firm has a market cap of $6.50 billion, a PE ratio of 18.52, a P/E/G ratio of 1.41 and a beta of 2.41. The company has a quick ratio of 1.16, a current ratio of 1.83 and a debt-to-equity ratio of 0.35. ChampionX has a twelve month low of $25.46 and a twelve month high of $39.95.
ChampionX Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, July 5th will be issued a $0.095 dividend. The ex-dividend date is Friday, July 5th. This represents a $0.38 annualized dividend and a dividend yield of 1.11%. ChampionX’s dividend payout ratio is currently 20.65%.
Wall Street Analyst Weigh In
Check Out Our Latest Report on ChampionX
ChampionX Company Profile
ChampionX Corporation provides chemistry solutions, artificial lift systems, and engineered equipment and technologies to oil and gas companies worldwide. The company operates through four segments: Production Chemical Technologies, Production & Automation Technologies, Drilling Technologies, and Reservoir Chemical Technologies.
Featured Stories
- Five stocks we like better than ChampionX
- How to Use the MarketBeat Stock Screener
- 3M Surprises and Rebound Accelerates: It Isn’t Too Late To Get In
- 3 Monster Growth Stocks to Buy Now
- Skechers Stock Shows Strength Among Consumer Discretionary Sector
- P/E Ratio Calculation: How to Assess Stocks
- Tech Stocks Tumble, These Stocks Present Buying Opportunity
Receive News & Ratings for ChampionX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ChampionX and related companies with MarketBeat.com's FREE daily email newsletter.