Civeo (CVEO) Scheduled to Post Earnings on Wednesday

Civeo (NYSE:CVEO) will be releasing its earnings data before the market opens on Wednesday, October 30th. Analysts expect Civeo to post earnings of $0.04 per share for the quarter. Civeo has set its FY 2024 guidance at EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Civeo (NYSE:CVEO) last issued its quarterly earnings data 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 return on equity of 4.75% and a net margin of 4.95%. The company had revenue of $188.71 million for the quarter, compared to analysts’ expectations of $173.70 million. During the same quarter in the previous year, the firm posted $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 Price Performance

Shares of NYSE CVEO opened at $28.03 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.55 and a quick ratio of 1.46. Civeo has a 1-year low of $18.30 and a 1-year high of $28.92. The company has a market capitalization of $409.80 million, a price-to-earnings ratio of 13.28 and a beta of 2.04. The business has a 50-day moving average of $27.69 and a 200-day moving average of $25.83.

Civeo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, August 26th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date of this dividend was Monday, August 26th. Civeo’s dividend payout ratio is presently 47.39%.

Analyst Ratings Changes

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

Insider Transactions at Civeo

In related news, SVP Allan Schoening sold 5,000 shares of the stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $27.50, for a total value of $137,500.00. Following the completion of the transaction, the senior vice president now owns 16,146 shares of the company’s stock, valued at approximately $444,015. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 4.30% of the company’s stock.

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.