Flotek Industries (NYSE:FTK) is set to announce its earnings results after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of ($0.13) per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.
Flotek Industries (NYSE:FTK) last released its quarterly earnings results on Wednesday, May 8th. The oil and gas company reported ($0.20) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.08). The business had revenue of $43.26 million for the quarter, compared to analyst estimates of $41.80 million. Flotek Industries had a negative return on equity of 19.79% and a negative net margin of 17.26%. On average, analysts expect Flotek Industries to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.
NYSE FTK opened at $2.87 on Tuesday. The firm has a market capitalization of $170.09 million, a price-to-earnings ratio of -4.95 and a beta of 3.00. The company has a debt-to-equity ratio of 0.08, a quick ratio of 5.44 and a current ratio of 6.62. The stock’s 50-day simple moving average is $3.19. Flotek Industries has a one year low of $0.95 and a one year high of $4.01.
Separately, Zacks Investment Research raised Flotek Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, July 10th.
Flotek Industries Company Profile
Flotek Industries, Inc provides chemistry and services to the oil and gas industries in then United States and internationally. The company designs, develops, manufactures, packs, markets, distributes, and delivers reservoir-centric fluid systems, including specialty and conventional chemistries for use in oil and gas well drilling, cementing, completion, remediation, and stimulation activities, as well as use in enhanced and improved oil recovery markets under the Complex nano-Fluid, Pressure reducing Fluids, and MicroSolv brand names.
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