Q3 2024 EPS Estimates for Civeo Co. Decreased by Analyst (NYSE:CVEO)

Civeo Co. (NYSE:CVEO) – Analysts at Sidoti Csr decreased their Q3 2024 EPS estimates for Civeo in a research note issued to investors on Wednesday, July 31st. Sidoti Csr analyst S. Ferazani now expects that the business services provider will post earnings of ($0.08) per share for the quarter, down from their previous forecast of $0.16. The consensus estimate for Civeo’s current full-year earnings is ($0.30) per share. Sidoti Csr also issued estimates for Civeo’s Q4 2024 earnings at ($0.52) EPS, FY2024 earnings at ($0.30) EPS, Q1 2025 earnings at ($0.16) EPS and Q4 2025 earnings at ($0.28) EPS.

Other analysts also recently issued research reports about the company. Stifel Nicolaus reiterated a “buy” rating and set a $32.00 price target (up previously from $31.00) on shares of Civeo in a research note on Wednesday. StockNews.com upgraded Civeo from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 20th.

Civeo Stock Performance

CVEO opened at $27.14 on Friday. The company has a market cap of $390.00 million, a PE ratio of 12.86 and a beta of 2.07. The stock has a 50-day moving average of $24.31 and a 200-day moving average of $24.29. Civeo has a 52-week low of $17.98 and a 52-week high of $28.00. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.74 and a current ratio of 1.55.

Civeo (NYSE:CVEO) last issued its quarterly earnings data on Tuesday, July 30th. The business services provider reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.35. The firm had revenue of $188.71 million during the quarter, compared to analysts’ expectations of $173.70 million. Civeo had a net margin of 4.95% and a return on equity of 4.75%. During the same period in the prior year, the company posted $0.30 earnings per share.

Institutional Trading of Civeo

Several hedge funds have recently modified their holdings of the company. Quent Capital LLC acquired a new stake in Civeo during the 1st quarter worth approximately $98,000. SG Americas Securities LLC bought a new stake in shares of Civeo in the 2nd quarter valued at about $128,000. Hillsdale Investment Management Inc. acquired a new stake in Civeo in the 4th quarter valued at about $146,000. Jump Financial LLC bought a new position in Civeo during the fourth quarter worth about $201,000. Finally, Meixler Investment Management Ltd. acquired a new position in Civeo during the first quarter worth approximately $220,000. Institutional investors and hedge funds own 81.44% of the company’s stock.

Civeo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Monday, August 26th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, August 26th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.68%. Civeo’s payout ratio is presently 47.39%.

About Civeo

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.