$513.70 Million in Sales Expected for Keane Group, Inc. (FRAC) This Quarter
Equities research analysts expect Keane Group, Inc. (NYSE:FRAC) to announce sales of $513.70 million for the current quarter, Zacks reports. Three analysts have provided estimates for Keane Group’s earnings, with the lowest sales estimate coming in at $506.00 million and the highest estimate coming in at $518.99 million. The firm is scheduled to announce its next earnings results on Monday, March 19th.
According to Zacks, analysts expect that Keane Group will report full year sales of $513.70 million for the current fiscal year, with estimates ranging from $1.55 billion to $1.59 billion. For the next financial year, analysts anticipate that the business will report sales of $2.20 billion per share, with estimates ranging from $2.13 billion to $2.27 billion. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Keane Group.
Keane Group (NYSE:FRAC) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.12). The business had revenue of $477.30 million for the quarter, compared to the consensus estimate of $493.40 million. Keane Group had a negative net margin of 9.90% and a negative return on equity of 19.19%. The company’s revenue was up 47.7% on a year-over-year basis.
Shares of Keane Group (NYSE:FRAC) traded up $0.22 during midday trading on Tuesday, hitting $15.08. The company had a trading volume of 368,700 shares, compared to its average volume of 1,110,793. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.26 and a current ratio of 1.41. Keane Group has a 52 week low of $12.42 and a 52 week high of $22.93.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tortoise Capital Advisors L.L.C. bought a new position in shares of Keane Group in the third quarter worth about $1,356,000. Point72 Asset Management L.P. boosted its stake in shares of Keane Group by 43.5% in the third quarter. Point72 Asset Management L.P. now owns 2,621,725 shares of the company’s stock worth $43,730,000 after acquiring an additional 794,625 shares during the period. Gagnon Securities LLC boosted its stake in shares of Keane Group by 21.0% in the third quarter. Gagnon Securities LLC now owns 41,279 shares of the company’s stock worth $689,000 after acquiring an additional 7,162 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Keane Group by 9.6% in the third quarter. Janus Henderson Group PLC now owns 4,658,292 shares of the company’s stock worth $77,700,000 after acquiring an additional 408,200 shares during the period. Finally, Boothbay Fund Management LLC bought a new position in shares of Keane Group in the third quarter worth about $173,000. 38.30% of the stock is owned by hedge funds and other institutional investors.
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Keane Group Company Profile
Keane Group, Inc is provider of integrated well completion services in the United States, with a focus on demanding completion solutions. The Company’s segments include Completion Services, which comprises hydraulic fracturing and wireline divisions, and Other Services, which consists of coiled tubing, cementing and drilling divisions.
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