Civeo (NYSE:CVEO) Releases Earnings Results, Misses Expectations By $0.61 EPS

Civeo (NYSE:CVEO) posted its quarterly earnings data on Thursday. The business services provider reported ($0.88) earnings per share for the quarter, missing the consensus estimate of ($0.27) by ($0.61), Zacks reports. Civeo had a return on equity of 0.11% and a net margin of 3.00%. Civeo updated its FY 2025 guidance to EPS.

Civeo Trading Down 14.7 %

Shares of NYSE:CVEO traded down $3.97 during trading on Thursday, hitting $23.01. 275,458 shares of the company’s stock were exchanged, compared to its average volume of 108,177. The firm has a 50-day moving average price of $23.89 and a two-hundred day moving average price of $25.47. Civeo has a 1-year low of $21.15 and a 1-year high of $28.92. The firm has a market cap of $316.85 million, a P/E ratio of 16.48 and a beta of 2.00. The company has a current ratio of 1.36, a quick ratio of 1.28 and a debt-to-equity ratio of 0.18.

Civeo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, February 24th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.35%. The ex-dividend date is Monday, February 24th. Civeo’s dividend payout ratio (DPR) is presently 71.43%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut 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.