Layne Christensen (LAYN) Set to Announce Quarterly Earnings on Tuesday

Layne Christensen (NASDAQ:LAYN) is scheduled to announce its earnings results after the market closes on Tuesday, April 10th. Analysts expect the company to announce earnings of ($0.16) per share for the quarter.

Shares of Layne Christensen stock opened at $14.80 on Monday. The company has a debt-to-equity ratio of 3.05, a current ratio of 1.47 and a quick ratio of 1.32. The stock has a market cap of $294.77, a PE ratio of -8.41 and a beta of 0.47. Layne Christensen has a 1-year low of $6.98 and a 1-year high of $16.96.

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Several analysts have recently weighed in on LAYN shares. BidaskClub upgraded Layne Christensen from a “hold” rating to a “buy” rating in a research note on Wednesday, December 20th. TheStreet upgraded Layne Christensen from a “d+” rating to a “c-” rating in a research note on Thursday, February 15th. ValuEngine upgraded Layne Christensen from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. Finally, Zacks Investment Research upgraded Layne Christensen from a “sell” rating to a “hold” rating in a research note on Wednesday, February 7th. Four analysts have rated the stock with a hold rating, Layne Christensen has an average rating of “Hold” and an average price target of $11.00.

An institutional investor recently raised its position in Layne Christensen stock. State Street Corp increased its position in Layne Christensen (NASDAQ:LAYN) by 9.9% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 280,282 shares of the construction company’s stock after purchasing an additional 25,213 shares during the period. State Street Corp owned 1.41% of Layne Christensen worth $2,465,000 at the end of the most recent reporting period. 95.03% of the stock is owned by hedge funds and other institutional investors.

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Layne Christensen Company Profile

Layne Christensen Company operates as a water management, construction, and drilling company that provides solutions for the water, mineral, and energy markets in the United States and internationally. The company's Water Resources segment offers water-related products and services, including hydrologic design and construction; source of supply exploration; well and intake construction; and well and pump rehabilitation services.

Earnings History for Layne Christensen (NASDAQ:LAYN)

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