Gulf Island Fabrication (NASDAQ:GIFI) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Gulf Island Fabrication (NASDAQ:GIFI) posted its quarterly earnings results on Tuesday. The oil and gas company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.13 by $0.01, Zacks reports. Gulf Island Fabrication had a negative return on equity of 22.34% and a negative net margin of 13.47%. The firm had revenue of $37.64 million during the quarter.

Gulf Island Fabrication Price Performance

Shares of NASDAQ:GIFI traded up $0.92 during midday trading on Thursday, hitting $6.94. The company had a trading volume of 80,078 shares, compared to its average volume of 58,340. Gulf Island Fabrication has a twelve month low of $3.81 and a twelve month high of $7.93. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.89 and a quick ratio of 3.80. The stock has a market cap of $114.62 million, a price-to-earnings ratio of 6.61 and a beta of 0.48. The business’s 50-day simple moving average is $5.53 and its 200-day simple moving average is $6.09.

Gulf Island Fabrication Company Profile

Gulf Island Fabrication, Inc, together with its subsidiaries, operates as a fabricator of steel structures and modules in the United States. It operates through Services, Fabrication, and Shipyard divisions. The company provides maintenance, repair, construction, scaffolding, coatings, welding enclosures, and other specialty services on offshore platforms, inland structures, and industrial facilities; services required to connect production equipment and service modules, and equipment on offshore platforms; project management and commissioning services; hookup services; and civil construction and staffing services to the industrial and energy sectors, as well as undertakes municipal and drainage projects, including pump stations, levee reinforcement, bulkheads, and other public works.