Civeo Co. to Issue Quarterly Dividend of $0.25 (NYSE:CVEO)

Civeo Co. (NYSE:CVEO) declared a quarterly dividend on Friday, January 31st,RTT News reports. Investors of record on Monday, February 24th will be paid a dividend of 0.25 per share by the business services provider on Monday, March 17th. This represents a $1.00 annualized dividend and a dividend yield of 4.25%.

Civeo has a dividend payout ratio of 144.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Civeo to earn $0.40 per share next year, which means the company may not be able to cover its $1.00 annual dividend with an expected future payout ratio of 250.0%.

Civeo Stock Performance

NYSE CVEO opened at $23.56 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.36 and a debt-to-equity ratio of 0.18. The stock has a market cap of $324.37 million, a price-to-earnings ratio of 16.83 and a beta of 1.99. Civeo has a fifty-two week low of $21.15 and a fifty-two week high of $28.92. The business has a fifty day moving average of $23.17 and a 200-day moving average of $25.56.

Civeo (NYSE:CVEO) last announced its earnings results on Wednesday, October 30th. The business services provider reported ($0.36) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.38). The firm had revenue of $176.34 million during the quarter, compared to analyst estimates of $172.59 million. Civeo had a net margin of 3.00% and a return on equity of 0.11%. During the same period in the previous year, the firm posted $0.61 EPS. As a group, analysts predict that Civeo will post -0.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Civeo from a “strong-buy” rating to a “buy” rating in a research note on Sunday, December 29th.

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.