Flotek Industries, Inc. (NYSE:FTK) to Release Earnings on Monday
Flotek Industries, Inc. (NYSE:FTK) is scheduled to announce its earnings results after the market closes on Monday, July 24th. Analysts expect the company to announce earnings of $0.05 per share for the quarter.
Flotek Industries (NYSE:FTK) last issued its quarterly earnings results on Wednesday, May 3rd. The oil and gas company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.02) by $0.01. Flotek Industries had a negative net margin of 10.43% and a negative return on equity of 3.38%. The company had revenue of $80 million during the quarter, compared to analysts’ expectations of $78.85 million. During the same quarter in the previous year, the company earned ($0.08) EPS. Flotek Industries’s revenue was up 25.4% on a year-over-year basis. On average, analysts expect Flotek Industries to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of Flotek Industries, Inc. (NYSE:FTK) opened at 9.34 on Monday. The stock’s 50 day moving average is $9.45 and its 200 day moving average is $10.85. Flotek Industries, Inc. has a 12 month low of $7.68 and a 12 month high of $16.93. The firm’s market cap is $534.75 million.
Several research analysts have issued reports on FTK shares. Zacks Investment Research lowered shares of Flotek Industries from a “buy” rating to a “hold” rating in a report on Tuesday, April 18th. ValuEngine lowered shares of Flotek Industries from a “hold” rating to a “sell” rating in a report on Friday, June 2nd.
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About Flotek Industries
Flotek Industries, Inc is a technology-driven company. The Company develops and supplies chemistry and services to the oil and gas industries, and compounds to companies that make cleaning products, cosmetics, food and beverages, and other products that are sold in consumer and industrial markets. The Company operates through two segments: Energy Chemistry Technologies (ECT), and Consumer and Industrial Chemistry Technologies (CICT).
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