ChampionX (CHX) Projected to Post Earnings on Wednesday

ChampionX (NASDAQ:CHX - Get Free Report) will likely be issuing its Q2 2025 quarterly earnings data before the market opens on Wednesday, July 23rd. Analysts expect the company to announce earnings of $0.44 per share and revenue of $876.63 million for the quarter.

ChampionX (NASDAQ:CHX - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.09. The company had revenue of $864.46 million for the quarter, compared to analyst estimates of $900.59 million. ChampionX had a net margin of 8.20% and a return on equity of 19.25%. The business's revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.50 earnings per share.

ChampionX Price Performance

NASDAQ:CHX remained flat at $25.81 on Friday. 1,273 shares of the company's stock were exchanged, compared to its average volume of 2,856,919. The company has a quick ratio of 1.62, a current ratio of 2.25 and a debt-to-equity ratio of 0.31. The stock has a market cap of $4.94 billion, a price-to-earnings ratio of 17.09, a price-to-earnings-growth ratio of 5.04 and a beta of 1.49. The business has a 50-day simple moving average of $25.58 and a two-hundred day simple moving average of $27.04. ChampionX has a one year low of $21.92 and a one year high of $35.94.

ChampionX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Thursday, July 3rd will be given a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend is Thursday, July 3rd. ChampionX's dividend payout ratio is presently 25.17%.

Analysts Set New Price Targets

Separately, Stifel Nicolaus upped their price target on ChampionX from $39.00 to $40.00 and gave the company a "buy" rating in a report on Monday, May 5th.

Institutional Trading of ChampionX

Several large investors have recently bought and sold shares of the company. Geneos Wealth Management Inc. boosted its stake in shares of ChampionX by 408.5% during the first quarter. Geneos Wealth Management Inc. now owns 1,683 shares of the company's stock valued at $50,000 after acquiring an additional 1,352 shares during the last quarter. Baird Financial Group Inc. acquired a new stake in shares of ChampionX during the first quarter valued at $214,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of ChampionX by 5.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 432,311 shares of the company's stock valued at $12,883,000 after acquiring an additional 20,756 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of ChampionX by 6.7% during the first quarter. Goldman Sachs Group Inc. now owns 2,481,246 shares of the company's stock valued at $73,941,000 after acquiring an additional 155,819 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company's stock.

ChampionX Company Profile

ChampionX Corporation provides chemistry solutions, artificial lift systems, and engineered equipment and technologies to oil and gas companies worldwide. The company operates through four segments: Production Chemical Technologies, Production & Automation Technologies, Drilling Technologies, and Reservoir Chemical Technologies.