Gulf Island Fabrication, Inc. (GIFI) Set to Post Quarterly Earnings on Wednesday
Gulf Island Fabrication, Inc. (NASDAQ:GIFI) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, October 25th. Analysts expect the company to announce earnings of ($0.12) per share for the quarter.
Gulf Island Fabrication (NASDAQ:GIFI) last announced its quarterly earnings data on Thursday, July 27th. The oil and gas company reported ($0.73) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.55). Gulf Island Fabrication had a negative net margin of 9.96% and a negative return on equity of 7.83%. The business had revenue of $45.87 million for the quarter. On average, analysts expect Gulf Island Fabrication to post $-1.39 EPS for the current fiscal year and $0.15 EPS for the next fiscal year.
Shares of Gulf Island Fabrication, Inc. (NASDAQ GIFI) traded down 0.41% during mid-day trading on Tuesday, reaching $12.15. 39,449 shares of the company’s stock traded hands. The firm’s 50-day moving average is $12.27 and its 200 day moving average is $10.96. Gulf Island Fabrication, Inc. has a one year low of $8.90 and a one year high of $13.95. The firm’s market cap is $180.44 million.
Several institutional investors and hedge funds have recently made changes to their positions in the company. State Street Corp grew its position in shares of Gulf Island Fabrication by 186.7% during the second quarter. State Street Corp now owns 201,559 shares of the oil and gas company’s stock worth $2,337,000 after acquiring an additional 131,261 shares during the last quarter. California State Teachers Retirement System purchased a new position in shares of Gulf Island Fabrication during the second quarter worth approximately $281,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Gulf Island Fabrication during the second quarter worth approximately $161,000. Institutional investors and hedge funds own 65.22% of the company’s stock.
About Gulf Island Fabrication
Gulf Island Fabrication, Inc (Gulf Island) is a holding company. The Company, along with its subsidiaries, is a fabricator of steel platforms and other specialized structures for customers in the offshore oil and gas industry. It also performs onshore and offshore construction and fabrication services for customers in the marine industry.
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