Zacks: Brokerages Anticipate Mammooth Energy (TUSK) Will Post Quarterly Sales of $258.77 Million
Brokerages expect Mammooth Energy (NASDAQ:TUSK) to announce sales of $258.77 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Mammooth Energy’s earnings, with the lowest sales estimate coming in at $222.18 million and the highest estimate coming in at $278.60 million. Mammooth Energy posted sales of $64.79 million in the same quarter last year, which would indicate a positive year over year growth rate of 299.4%. The company is scheduled to report its next quarterly earnings report on Wednesday, February 28th.
According to Zacks, analysts expect that Mammooth Energy will report full-year sales of $258.77 million for the current financial year, with estimates ranging from $544.16 million to $601.10 million. For the next fiscal year, analysts expect that the business will report sales of $954.49 million per share, with estimates ranging from $865.30 million to $1.04 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Mammooth Energy.
Mammooth Energy (NASDAQ:TUSK) last announced its quarterly earnings data on Wednesday, November 1st. The energy company reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.04). Mammooth Energy had a negative net margin of 16.41% and a negative return on equity of 2.35%. The company had revenue of $149.30 million during the quarter, compared to analysts’ expectations of $129.58 million. The firm’s quarterly revenue was up 135.9% on a year-over-year basis.
In other news, CEO Arty Straehla sold 25,842 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $18.45, for a total value of $476,784.90. Following the transaction, the chief executive officer now directly owns 231,711 shares of the company’s stock, valued at approximately $4,275,067.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.03% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. TIAA CREF Investment Management LLC grew its position in Mammooth Energy by 40.5% in the 1st quarter. TIAA CREF Investment Management LLC now owns 18,897 shares of the energy company’s stock worth $406,000 after purchasing an additional 5,448 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Mammooth Energy by 12.0% in the 1st quarter. Vanguard Group Inc. now owns 362,892 shares of the energy company’s stock worth $7,806,000 after purchasing an additional 38,931 shares during the period. Geode Capital Management LLC lifted its position in Mammooth Energy by 6.4% during the 1st quarter. Geode Capital Management LLC now owns 104,652 shares of the energy company’s stock valued at $2,251,000 after acquiring an additional 6,341 shares during the period. Schwab Charles Investment Management Inc. lifted its position in Mammooth Energy by 5.5% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 29,663 shares of the energy company’s stock valued at $639,000 after acquiring an additional 1,539 shares during the period. Finally, Bank of America Corp DE increased its stake in Mammooth Energy by 475.3% during the 1st quarter. Bank of America Corp DE now owns 19,527 shares of the energy company’s stock valued at $420,000 after purchasing an additional 16,133 shares in the last quarter. Institutional investors and hedge funds own 73.60% of the company’s stock.
Shares of Mammooth Energy (NASDAQ:TUSK) opened at $17.56 on Monday. Mammooth Energy has a one year low of $10.88 and a one year high of $24.54. The company has a current ratio of 1.52, a quick ratio of 1.39 and a debt-to-equity ratio of 0.21.
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About Mammooth Energy
Mammoth Energy Services, Inc is an integrated oilfield service company. The Company is engaged in the exploration and development of North American onshore unconventional oil and natural gas reserves. The Company’s segments include Contract Land and Directional Drilling Services; Completion and Production Services; Natural Sand Proppant Services, and Remote Accommodation Services.
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