Civeo (CVEO) to Release Quarterly Earnings on Friday

Civeo (NYSE:CVEO) is scheduled to be announcing its earnings results before the market opens on Friday, April 26th. Analysts expect the company to announce earnings of ($0.20) per share for the quarter. Civeo has set its FY 2024 guidance at EPS.Investors that wish to listen to the company’s conference call can do so using this link.

Civeo (NYSE:CVEO) last issued 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. The business had revenue of $170.80 million during the quarter, compared to analyst estimates of $151.12 million. Civeo had a return on equity of 2.69% and a net margin of 4.30%. On average, analysts expect Civeo to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Civeo Stock Down 0.3 %

Shares of CVEO opened at $25.07 on Friday. The firm has a market cap of $367.53 million, a P/E ratio of 12.29 and a beta of 2.17. The stock has a 50 day simple moving average of $24.71 and a two-hundred day simple moving average of $22.86. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.53 and a quick ratio of 1.47. Civeo has a 1 year low of $17.87 and a 1 year high of $28.00.

Civeo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, February 26th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $1.00 annualized dividend and a yield of 3.99%. Civeo’s payout ratio is currently 49.02%.

Hedge Funds Weigh In On Civeo

Institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. purchased a new stake in shares of Civeo during the fourth quarter valued at $283,000. Barclays PLC purchased a new position in shares of Civeo in the 4th quarter worth approximately $57,000. Bridgeway Capital Management LLC boosted its holdings in Civeo by 4.7% during the 4th quarter. Bridgeway Capital Management LLC now owns 155,514 shares of the business services provider’s stock valued at $3,553,000 after acquiring an additional 6,997 shares during the period. Quadrature Capital Ltd purchased a new position in Civeo during the 4th quarter valued at $529,000. Finally, Dimensional Fund Advisors LP boosted its holdings in Civeo by 10.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 345,398 shares of the business services provider’s stock valued at $7,893,000 after acquiring an additional 32,353 shares during the period. 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.