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.

A number of equities analysts have commented on the company. Jefferies Group decreased their price target on Keane Group from $20.00 to $19.00 and set a “buy” rating on the stock in a research note on Friday, November 3rd. BidaskClub upgraded Keane Group from a “sell” rating to a “hold” rating in a research report on Saturday, September 16th. J P Morgan Chase & Co boosted their target price on Keane Group from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Tuesday, September 12th. Barclays raised Keane Group from an “underweight” rating to an “equal weight” rating in a report on Wednesday, November 8th. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $18.00 price target on shares of Keane Group in a research note on Tuesday, September 19th. Eleven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $20.68.

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.

TRADEMARK VIOLATION WARNING: “$513.70 Million in Sales Expected for Keane Group, Inc. (FRAC) This Quarter” was originally reported by American Banking News and is the property of of American Banking News. If you are reading this news story on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The original version of this news story can be read at https://www.americanbankingnews.com/2017/12/12/513-70-million-in-sales-expected-for-keane-group-inc-frac-this-quarter.html.

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.

Get a free copy of the Zacks research report on Keane Group (FRAC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Keane Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Keane Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.