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

Civeo (NYSE:CVEO) posted its earnings results 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 Price Performance

Shares of CVEO stock traded down $3.97 during trading hours on Thursday, hitting $23.01. 275,458 shares of the company’s stock were exchanged, compared to its average volume of 108,177. Civeo has a 52 week low of $21.15 and a 52 week high of $28.92. The stock has a market cap of $316.85 million, a price-to-earnings ratio of 16.48 and a beta of 2.00. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.36 and a quick ratio of 1.28. The stock’s 50-day moving average is $23.89 and its 200-day moving average is $25.47.

Civeo Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date of this dividend is Monday, February 24th. Civeo’s dividend payout ratio is currently 71.43%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Civeo from a “strong-buy” rating to a “buy” rating in a research report 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.