Analysts expect Mammoth Energy Services Inc (NASDAQ:TUSK) to announce sales of $218.73 million for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Mammoth Energy Services’ earnings. The highest sales estimate is $248.90 million and the lowest is $191.07 million. Mammoth Energy Services reported sales of $533.59 million during the same quarter last year, which indicates a negative year over year growth rate of 59%. The business is expected to issue its next quarterly earnings report on Monday, August 5th.
On average, analysts expect that Mammoth Energy Services will report full year sales of $923.79 million for the current financial year, with estimates ranging from $837.31 million to $1.00 billion. For the next fiscal year, analysts expect that the firm will post sales of $985.40 million, with estimates ranging from $798.17 million to $1.19 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Mammoth Energy Services.
Mammoth Energy Services (NASDAQ:TUSK) last posted its earnings results on Wednesday, May 1st. The energy company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.07). Mammoth Energy Services had a net margin of 14.32% and a return on equity of 31.76%. The firm had revenue of $262.14 million during the quarter, compared to the consensus estimate of $284.72 million. During the same period in the prior year, the company posted $1.24 EPS. The firm’s revenue was down 47.0% compared to the same quarter last year.
A number of research firms have weighed in on TUSK. ValuEngine downgraded Mammoth Energy Services from a “hold” rating to a “sell” rating in a report on Monday, February 25th. Zacks Investment Research raised Mammoth Energy Services from a “sell” rating to a “hold” rating in a report on Thursday, February 28th. BidaskClub downgraded Mammoth Energy Services from a “buy” rating to a “hold” rating in a report on Friday, February 8th. Credit Suisse Group downgraded Mammoth Energy Services from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $33.00 to $17.00 in a report on Tuesday, March 19th. Finally, Capital One Financial reissued an “overweight” rating on shares of Mammoth Energy Services in a report on Friday, March 15th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. Mammoth Energy Services currently has a consensus rating of “Hold” and a consensus target price of $24.50.
Institutional investors and hedge funds have recently modified their holdings of the business. Bowling Portfolio Management LLC increased its holdings in shares of Mammoth Energy Services by 9.7% in the 4th quarter. Bowling Portfolio Management LLC now owns 54,790 shares of the energy company’s stock valued at $985,000 after acquiring an additional 4,853 shares during the period. MetLife Investment Advisors LLC purchased a new position in shares of Mammoth Energy Services in the 3rd quarter valued at $286,000. Vanguard Group Inc increased its holdings in shares of Mammoth Energy Services by 38.6% in the 3rd quarter. Vanguard Group Inc now owns 834,739 shares of the energy company’s stock valued at $24,292,000 after acquiring an additional 232,542 shares during the period. Boston Partners increased its holdings in shares of Mammoth Energy Services by 259.1% in the 4th quarter. Boston Partners now owns 900,820 shares of the energy company’s stock valued at $16,197,000 after acquiring an additional 649,972 shares during the period. Finally, Emerald Advisers LLC increased its holdings in shares of Mammoth Energy Services by 33.6% in the 4th quarter. Emerald Advisers LLC now owns 11,119 shares of the energy company’s stock valued at $200,000 after acquiring an additional 2,796 shares during the period. Institutional investors and hedge funds own 82.53% of the company’s stock.
TUSK stock opened at $14.71 on Friday. Mammoth Energy Services has a fifty-two week low of $13.25 and a fifty-two week high of $42.30. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.83 and a current ratio of 2.48. The stock has a market capitalization of $656.10 million, a price-to-earnings ratio of 2.61 and a beta of 1.76.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 10th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date is Thursday, May 9th. Mammoth Energy Services’s payout ratio is 8.88%.
Mammoth Energy Services Company Profile
Mammoth Energy Services, Inc operates as an oilfield service company. The company operates in three segments: Infrastructure Services, Pressure Pumping Services, and Natural Sand Proppant Services. The Infrastructure Services segment offers a range of services on electric transmission and distribution networks, and substation facilities, including the construction, upgrade, maintenance, and repair of high voltage transmission lines, substations, and lower voltage overhead and underground distribution systems; storm repair and restoration services; and commercial services comprising installation, maintenance, and repair of commercial wiring.
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