Core Laboratories N.V. (CLB) Scheduled to Post Quarterly Earnings on Monday
Core Laboratories N.V. (NYSE:CLB) is scheduled to post its quarterly earnings results after the market closes on Monday, July 24th. Analysts expect Core Laboratories N.V. to post earnings of $0.51 per share for the quarter. Core Laboratories N.V. has set its Q2 guidance at $0.48-0.52 EPS.
Core Laboratories N.V. (NYSE:CLB) last released its quarterly earnings data on Wednesday, April 19th. The oil and gas company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.03. Core Laboratories N.V. had a net margin of 11.10% and a return on equity of 43.28%. The company had revenue of $157.81 million during the quarter, compared to the consensus estimate of $150.44 million. During the same period in the previous year, the firm earned $0.37 earnings per share. Core Laboratories N.V.’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, analysts expect Core Laboratories N.V. to post $2.13 EPS for the current fiscal year and $2.93 EPS for the next fiscal year.
Shares of Core Laboratories N.V. (CLB) opened at 106.34 on Monday. Core Laboratories N.V. has a 1-year low of $96.30 and a 1-year high of $127.82. The firm’s 50-day moving average is $103.76 and its 200 day moving average is $112.86. The stock has a market capitalization of $4.70 billion, a P/E ratio of 70.42 and a beta of 1.60.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Monday, July 17th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.07%. The ex-dividend date is Thursday, July 13th. Core Laboratories N.V.’s payout ratio is presently 145.70%.
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Several equities analysts recently weighed in on CLB shares. Scotiabank set a $133.00 price objective on shares of Core Laboratories N.V. and gave the company a “hold” rating in a research report on Wednesday, March 22nd. Loop Capital raised shares of Core Laboratories N.V. from a “hold” rating to a “buy” rating and raised their price objective for the company from $125.00 to $130.00 in a research report on Friday, April 21st. Zacks Investment Research lowered shares of Core Laboratories N.V. from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. BidaskClub lowered shares of Core Laboratories N.V. from a “hold” rating to a “sell” rating in a research report on Saturday, June 24th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $130.00 price objective (down previously from $150.00) on shares of Core Laboratories N.V. in a research report on Wednesday, June 21st. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $122.36.
Core Laboratories N.V. Company Profile
Core Laboratories N.V. provides reservoir description, production enhancement and reservoir management services to the oil and gas industry. The Company operates through three segments: Reservoir Description, Production Enhancement and Reservoir Management. The Reservoir Description segment encompasses the characterization of petroleum reservoir rock, fluid and gas samples.
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