Core Labs (CLB) Releases Quarterly Earnings, Beats Expectations By $0.03 EPS
Core Labs (NYSE:CLB) announced its earnings results on Thursday. The company reported $1.43 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.40 by $0.03, Analyst RN reports. The company had revenue of $276.30 million for the quarter, compared to the consensus estimate of $278.55 million. During the same quarter last year, the company posted $1.17 earnings per share. Core Labs’s revenue was up 8.6% compared to the same quarter last year.
A number of research firms have recently commented on CLB. Analysts at Guggenheim downgraded shares of Core Labs from a “buy” rating to a “neutral” rating in a research note to investors on Monday, January 6th. On the ratings front, analysts at Barclays cut their price target on shares of Core Labs from $200.00 to $198.00 in a research note to investors on Tuesday, December 17th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Core Labs in a research note to investors on Thursday, December 5th. They now have a $198.00 price target on the stock. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Core Labs has an average rating of “Hold” and an average price target of $173.30.
Core Labs (NYSE:CLB) opened at 185.99 on Thursday. Core Labs has a 1-year low of $122.05 and a 1-year high of $200.00. The stock has a 50-day moving average of $188.6 and a 200-day moving average of $174.0. The company has a market cap of $8.437 billion and a price-to-earnings ratio of 37.23.
The company also recently declared a quarterly dividend, which is scheduled for Friday, February 21st. Stockholders of record on Friday, January 24th will be given a dividend of 0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend is Wednesday, January 22nd.
Core Laboratories N.V. (NYSE:CLB) is a provider of reservoir description, production enhancement and reservoir management services to the oil and gas industry.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.