Shares of Layne Christensen (NASDAQ:LAYN) have received a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.
Brokers have set a 12 month consensus price target of $11.00 for the company and are predicting that the company will post ($0.14) EPS for the current quarter, according to Zacks. Zacks has also given Layne Christensen an industry rank of 120 out of 265 based on the ratings given to its competitors.
Several research analysts have weighed in on LAYN shares. TheStreet upgraded shares of Layne Christensen from a “d+” rating to a “c-” rating in a report on Thursday. BidaskClub upgraded shares of Layne Christensen from a “hold” rating to a “buy” rating in a report on Wednesday, December 20th. ValuEngine upgraded shares of Layne Christensen from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, Zacks Investment Research upgraded shares of Layne Christensen from a “sell” rating to a “hold” rating in a report on Wednesday, February 7th.
Shares of Layne Christensen (LAYN) traded up $0.64 during midday trading on Friday, reaching $16.14. 1,345,254 shares of the company traded hands, compared to its average volume of 354,510. The company has a market capitalization of $308.71, a price-to-earnings ratio of -5.08 and a beta of 0.61. Layne Christensen has a fifty-two week low of $6.98 and a fifty-two week high of $16.27. The company has a debt-to-equity ratio of 3.05, a quick ratio of 1.32 and a current ratio of 1.47.
Layne Christensen (NASDAQ:LAYN) last issued its earnings results on Tuesday, December 5th. The construction company reported ($0.11) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.07). The company had revenue of $127.43 million for the quarter, compared to the consensus estimate of $131.12 million. Layne Christensen had a negative return on equity of 40.46% and a negative net margin of 12.73%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.26) earnings per share. equities analysts anticipate that Layne Christensen will post -0.51 EPS for the current year.
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About Layne Christensen
Layne Christensen Company (Layne) is a water management, construction and drilling company. The Company provides drilling solutions for water management, mineral services and specialty drilling needs. The Company operates through three segments: Water Resources, Inliner and Mineral Services. Its Water Resources segment provides its customers with solutions for various aspects of water supply system development and technology throughout the United States.
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