Brokerages expect Newpark Resources, Inc. (NYSE:NR) to post $0.03 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Newpark Resources’ earnings. The highest EPS estimate is $0.04 and the lowest is $0.02. Newpark Resources reported earnings per share of ($0.06) in the same quarter last year, which suggests a positive year-over-year growth rate of 150%. The company is expected to issue its next quarterly earnings results on Thursday, February 8th.
According to Zacks, analysts expect that Newpark Resources will report full-year earnings of $0.07 per share for the current financial year, with EPS estimates ranging from $0.06 to $0.07. For the next fiscal year, analysts expect that the business will report earnings of $0.39 per share, with EPS estimates ranging from $0.24 to $0.60. Zacks’ EPS averages are an average based on a survey of research analysts that that provide coverage for Newpark Resources.
Newpark Resources (NYSE:NR) last posted its quarterly earnings results on Monday, October 30th. The company reported C$0.03 EPS for the quarter, missing the consensus estimate of C$0.04 by C($0.01). Newpark Resources had a net margin of 0.48% and a negative return on equity of 0.29%. The business had revenue of C$201.70 million during the quarter, compared to the consensus estimate of C$192.57 million. During the same quarter in the prior year, the firm posted ($0.16) EPS. The company’s revenue for the quarter was up 92.8% compared to the same quarter last year.
A number of research analysts have recently issued reports on NR shares. Zacks Investment Research raised shares of Newpark Resources from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research report on Tuesday, October 24th. BidaskClub downgraded shares of Newpark Resources from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Cowen and Company set a $9.00 price objective on shares of Newpark Resources and gave the stock a “hold” rating in a research report on Friday, October 6th. Finally, SunTrust Banks, Inc. raised shares of Newpark Resources from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. Newpark Resources presently has an average rating of “Hold” and an average target price of C$9.80.
Shares of Newpark Resources (NYSE:NR) opened at C$9.65 on Monday. Newpark Resources has a twelve month low of C$6.25 and a twelve month high of C$10.20. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.96 and a current ratio of 2.71.
Several institutional investors have recently modified their holdings of the company. Schwab Charles Investment Management Inc. grew its position in shares of Newpark Resources by 4.4% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 855,515 shares of the company’s stock worth $8,556,000 after buying an additional 35,922 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in shares of Newpark Resources in the 3rd quarter worth approximately $170,000. LMR Partners LLP purchased a new stake in Newpark Resources during the 3rd quarter worth approximately $154,000. EAM Investors LLC purchased a new stake in Newpark Resources during the 3rd quarter worth approximately $1,951,000. Finally, SG Americas Securities LLC grew its position in Newpark Resources by 93.7% during the 3rd quarter. SG Americas Securities LLC now owns 19,392 shares of the company’s stock worth $194,000 after purchasing an additional 9,380 shares during the last quarter.
About Newpark Resources
Newpark Resources, Inc is a supplier providing products and services primarily to the oil and gas exploration and production (E&P) industry. The Company’s segments include Fluids Systems, and Mats and Integrated Services. The Fluids Systems segment provides drilling fluids products and technical services to customers in the North America; Europe, the Middle East and Africa; Latin America, and Asia Pacific regions.
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