Q3 2024 Earnings Estimate for Civeo Co. Issued By Sidoti Csr (NYSE:CVEO)

Civeo Co. (NYSE:CVEO - Free Report) - Sidoti Csr cut their Q3 2024 earnings per share (EPS) estimates for shares of Civeo in a report issued on Monday, April 29th. Sidoti Csr analyst S. Ferazani now expects that the business services provider will post earnings per share of $0.16 for the quarter, down from their previous estimate of $0.20. The consensus estimate for Civeo's current full-year earnings is $0.14 per share. Sidoti Csr also issued estimates for Civeo's Q2 2025 earnings at $0.37 EPS, Q3 2025 earnings at $0.35 EPS and FY2025 earnings at $0.46 EPS.

A number of other analysts have also issued reports on CVEO. Stifel Nicolaus boosted their price target on Civeo from $30.00 to $31.00 and gave the company a "buy" rating in a report on Tuesday. StockNews.com lowered shares of Civeo from a "strong-buy" rating to a "buy" rating in a research note on Tuesday.

Civeo Price Performance

Shares of NYSE CVEO traded up $0.87 during mid-day trading on Wednesday, hitting $24.09. 75,503 shares of the company's stock traded hands, compared to its average volume of 60,843. 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 has a 1 year low of $17.98 and a 1 year high of $28.00. The company has a market capitalization of $352.20 million, a P/E ratio of 11.42 and a beta of 2.17. The company's 50-day moving average is $25.17 and its two-hundred day moving average is $23.18.

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

Institutional Trading of Civeo

Institutional investors and hedge funds have recently bought and sold shares of the business. Bailard Inc. purchased a new stake in Civeo during the third quarter worth about $218,000. Brown Advisory Inc. raised its holdings in Civeo by 21.3% during the third quarter. Brown Advisory Inc. now owns 315,719 shares of the business services provider's stock worth $6,545,000 after purchasing an additional 55,534 shares during the last quarter. Punch & Associates Investment Management Inc. raised its holdings in Civeo by 3.2% during the third quarter. Punch & Associates Investment Management Inc. now owns 317,823 shares of the business services provider's stock worth $6,588,000 after purchasing an additional 9,800 shares during the last quarter. Moors & Cabot Inc. boosted its position in Civeo by 4.3% during the third 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 in the last quarter. Finally, UBS Group AG increased its position in shares of Civeo by 6.1% in the third quarter. UBS Group AG now owns 118,190 shares of the business services provider's stock valued at $2,450,000 after buying an additional 6,841 shares in the last quarter. Hedge funds and other institutional investors own 81.44% of the company's stock.

Insider Transactions at Civeo

In related news, SVP Peter Mccann sold 5,220 shares of Civeo stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $23.75, for a total value of $123,975.00. Following the completion of the transaction, the senior vice president now directly owns 45,395 shares in the company, valued at $1,078,131.25. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 4.30% of the company's stock.

Civeo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, May 27th will be issued a $0.25 dividend. The ex-dividend date is Thursday, May 23rd. This represents a $1.00 annualized dividend and a yield of 4.15%. Civeo's dividend payout ratio (DPR) is currently 47.39%.

Civeo Company Profile

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.