Wall Street analysts forecast that Keane Group Inc (NYSE:FRAC) will report sales of $483.85 million for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Keane Group’s earnings, with estimates ranging from $470.00 million to $495.20 million. Keane Group reported sales of $501.49 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 3.5%. The company is expected to issue its next earnings results on Monday, February 25th.
According to Zacks, analysts expect that Keane Group will report full year sales of $2.15 billion for the current fiscal year, with estimates ranging from $2.12 billion to $2.22 billion. For the next year, analysts expect that the business will report sales of $2.19 billion, with estimates ranging from $2.07 billion to $2.42 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Keane Group.
Keane Group (NYSE:FRAC) last released its quarterly earnings results on Wednesday, October 31st. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.09. The business had revenue of $558.91 million during the quarter, compared to the consensus estimate of $545.56 million. Keane Group had a return on equity of 25.19% and a net margin of 4.51%. The business’s revenue was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.04 EPS.
Several research firms have recently issued reports on FRAC. ValuEngine downgraded Keane Group from a “hold” rating to a “sell” rating in a research note on Thursday, August 16th. TheStreet downgraded Keane Group from a “c-” rating to a “d” rating in a research note on Monday, July 23rd. Wells Fargo & Co raised Keane Group from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $13.00 to $16.00 in a research note on Friday, November 2nd. Capital One Financial reaffirmed an “overweight” rating on shares of Keane Group in a research note on Tuesday, July 31st. Finally, Jefferies Financial Group set a $18.00 price target on Keane Group and gave the stock a “buy” rating in a research note on Tuesday, July 31st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and seventeen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $19.91.
NYSE:FRAC opened at $13.14 on Friday. The firm has a market cap of $1.41 billion, a PE ratio of 82.13, a PEG ratio of 0.46 and a beta of -0.50. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.46 and a quick ratio of 1.51. Keane Group has a 52-week low of $10.12 and a 52-week high of $19.83.
A number of institutional investors have recently bought and sold shares of the stock. Feinberg Stephen increased its position in Keane Group by 1.2% during the 2nd quarter. Feinberg Stephen now owns 38,302,898 shares of the company’s stock worth $507,893,000 after purchasing an additional 450,486 shares in the last quarter. Janus Henderson Group PLC increased its position in Keane Group by 17.5% during the 2nd quarter. Janus Henderson Group PLC now owns 5,076,827 shares of the company’s stock worth $69,400,000 after purchasing an additional 755,319 shares in the last quarter. BlackRock Inc. increased its position in Keane Group by 19.4% during the 2nd quarter. BlackRock Inc. now owns 3,932,037 shares of the company’s stock worth $53,750,000 after purchasing an additional 638,306 shares in the last quarter. Macquarie Group Ltd. increased its position in Keane Group by 25.6% during the 2nd quarter. Macquarie Group Ltd. now owns 1,975,478 shares of the company’s stock worth $27,005,000 after purchasing an additional 402,711 shares in the last quarter. Finally, Wilks Brothers LLC increased its position in Keane Group by 83.7% during the 3rd quarter. Wilks Brothers LLC now owns 1,450,100 shares of the company’s stock worth $17,938,000 after purchasing an additional 660,900 shares in the last quarter. Hedge funds and other institutional investors own 86.88% of the company’s stock.
About Keane Group
Keane Group, Inc provides integrated well completion services primarily in the United States. Its principal service offerings include horizontal and vertical fracturing, wireline perforation and logging, and engineered solutions, as well as other value-added services. The company also provides cementing and drilling services; and engineering software and technical guidance for remedial cementing applications and acidizing.
See Also: Bear Market
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Keane Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Keane Group and related companies with MarketBeat.com's FREE daily email newsletter.