Equities analysts expect Newpark Resources Inc (NYSE:NR) to announce sales of $220.21 million for the current quarter, according to Zacks. Three analysts have made estimates for Newpark Resources’ earnings, with the lowest sales estimate coming in at $219.74 million and the highest estimate coming in at $221.00 million. Newpark Resources posted sales of $158.69 million in the same quarter last year, which suggests a positive year over year growth rate of 38.8%. The business is expected to announce its next quarterly earnings report on Thursday, April 26th.
On average, analysts expect that Newpark Resources will report full year sales of $220.21 million for the current financial year, with estimates ranging from $923.00 million to $943.00 million. For the next financial year, analysts anticipate that the firm will report sales of $1.08 billion per share, with estimates ranging from $1.03 billion to $1.11 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Newpark Resources.
Newpark Resources (NYSE:NR) last posted its quarterly earnings results on Thursday, February 8th. The oil and gas company reported $0.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.03. The firm had revenue of $204.40 million for the quarter, compared to analyst estimates of $202.55 million. Newpark Resources had a positive return on equity of 1.59% and a negative net margin of 0.82%. The business’s revenue for the quarter was up 49.1% compared to the same quarter last year.
Newpark Resources (NYSE NR) opened at $8.80 on Monday. The firm has a market capitalization of $785.13, a P/E ratio of 88.00 and a beta of 1.56. Newpark Resources has a 1 year low of $6.40 and a 1 year high of $10.20. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.14 and a current ratio of 3.19.
In other news, EVP Bruce Campbell Smith sold 43,750 shares of Newpark Resources stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $8.47, for a total transaction of $370,562.50. Following the completion of the transaction, the executive vice president now directly owns 292,942 shares in the company, valued at approximately $2,481,218.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.90% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP bought a new stake in Newpark Resources in the 3rd quarter valued at $113,000. Raymond James Financial Services Advisors Inc. bought a new stake in Newpark Resources in the 3rd quarter valued at $114,000. LMR Partners LLP bought a new stake in Newpark Resources in the 3rd quarter valued at $154,000. Campbell & CO Investment Adviser LLC bought a new stake in Newpark Resources in the 3rd quarter valued at $170,000. Finally, Crossmark Global Holdings Inc. bought a new stake in Newpark Resources in the 3rd quarter valued at $191,000. Institutional investors and hedge funds own 99.42% of the company’s stock.
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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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