Q2 2024 Earnings Forecast for Civeo Co. (NYSE:CVEO) Issued By Sidoti Csr

Civeo Co. (NYSE:CVEO) – Research analysts at Sidoti Csr decreased their Q2 2024 earnings per share estimates for shares of Civeo in a report issued on Monday, April 29th. Sidoti Csr analyst S. Ferazani now forecasts that the business services provider will post earnings per share of ($0.05) for the quarter, down from their previous forecast of $0.13. The consensus estimate for Civeo’s current full-year earnings is $0.14 per share. Sidoti Csr also issued estimates for Civeo’s Q4 2024 earnings at ($0.28) EPS, Q1 2025 earnings at ($0.12) EPS and Q4 2025 earnings at ($0.14) EPS.

Other equities research analysts have also issued reports about the company. Stifel Nicolaus raised their target price on Civeo from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday. StockNews.com downgraded Civeo from a “strong-buy” rating to a “buy” rating in a research note on Tuesday.

Civeo Trading Up 0.7 %

Shares of Civeo stock opened at $24.26 on Thursday. Civeo has a 1 year low of $17.98 and a 1 year high of $28.00. The firm has a market cap of $354.68 million, a PE ratio of 11.50 and a beta of 2.21. The stock has a fifty day moving average price of $25.21 and a 200-day moving average price of $23.19. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.82 and a quick ratio of 1.74.

Civeo (NYSE:CVEO) last announced its earnings results on Thursday, February 29th. The business services provider reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.27) by $0.33. Civeo had a return on equity of 3.53% and a net margin of 4.49%. The firm had revenue of $170.80 million during the quarter, compared to analyst estimates of $151.12 million.

Civeo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, May 27th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, May 23rd. This represents a $1.00 annualized dividend and a dividend yield of 4.12%. Civeo’s payout ratio is 47.39%.

Insider Transactions at Civeo

In other news, SVP Peter Mccann sold 5,220 shares of the stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $23.75, for a total transaction of $123,975.00. Following the completion of the transaction, the senior vice president now owns 45,395 shares in the company, valued at approximately $1,078,131.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC boosted its stake in Civeo by 8.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 21,119 shares of the business services provider’s stock worth $567,000 after purchasing an additional 1,729 shares during the period. Moors & Cabot Inc. boosted its stake in Civeo by 4.3% in the 3rd quarter. Moors & Cabot Inc. now owns 43,083 shares of the business services provider’s stock worth $893,000 after purchasing an additional 1,767 shares during the period. Quent Capital LLC bought a new position in Civeo in the 1st quarter worth about $98,000. Wellington Management Group LLP boosted its stake in Civeo by 0.9% in the 4th quarter. Wellington Management Group LLP now owns 450,100 shares of the business services provider’s stock worth $10,285,000 after purchasing an additional 4,100 shares during the period. Finally, Hillsdale Investment Management Inc. bought a new position in Civeo in the 4th quarter worth about $146,000. Institutional investors own 81.44% of the company’s stock.

About Civeo

Civeo Corporation provides hospitality services to the natural resource industry in Canada, Australia, and the United States. The company develops lodges and villages; and mobile assets, including modular, skid-mounted accommodation, and central facilities that provide short to medium-term accommodation needs.