Geospace Technologies Corp. Downgraded to Underperform at Zacks (GEOS)
Geospace Technologies Corp. (NASDAQ:GEOS) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report released on Tuesday, Analyst Ratings Network.com reports. They currently have a $46.30 price target on the stock. Zacks‘s price target suggests a potential downside of 6.05% from the stock’s previous close.
Shares of Geospace Technologies Corp. (NASDAQ:GEOS) traded up 2.07% during mid-day trading on Tuesday, hitting $49.28. The stock had a trading volume of 421,563 shares. Geospace Technologies Corp. has a 52 week low of $41.63 and a 52 week high of $107.93. The stock has a 50-day moving average of $61.32 and a 200-day moving average of $79.14. The company has a market cap of $638.2 million and a P/E ratio of 9.60.
Geospace Technologies Corp. (NASDAQ:GEOS) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by $0.20. The company had revenue of $68.60 million for the quarter, compared to the consensus estimate of $64.52 million. During the same quarter in the previous year, the company posted $1.30 earnings per share. The company’s revenue for the quarter was down 10.2% on a year-over-year basis. Analysts expect that Geospace Technologies Corp. will post $4.50 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on GEOS. Analysts at Furey Research Partners cut their price target on shares of Geospace Technologies Corp. from $140.00 to $75.00 in a research note on Friday. They now have a “buy” rating on the stock. Separately, analysts at CRT Capital cut their price target on shares of Geospace Technologies Corp. from $140.00 to $75.00 in a research note on Friday. They now have a “buy” rating on the stock. Finally, analysts at BWS Financial cut their price target on shares of Geospace Technologies Corp. from $60.00 to $53.00 in a research note on Friday. They now have a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $71.46.
Geospace Technologies Corporation, formerly OYO Geospace Corporation, designs and manufactures instruments and equipment used in the acquisition and processing of seismic data, as well as in the characterization and monitoring of producing oil and gas reservoirs.
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