Equities analysts expect Newpark Resources Inc (NYSE:NR) to post $0.07 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Newpark Resources’ earnings, with estimates ranging from $0.06 to $0.08. Newpark Resources reported earnings per share of ($0.01) in the same quarter last year, which would suggest a positive year over year growth rate of 800%. The company is expected to report its next quarterly earnings report after the market closes on Thursday, April 26th.
On average, analysts expect that Newpark Resources will report full year earnings of $0.39 per share for the current financial year, with EPS estimates ranging from $0.34 to $0.45. For the next year, analysts anticipate that the firm will report earnings of $0.63 per share, with EPS estimates ranging from $0.38 to $0.78. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Newpark Resources.
Newpark Resources (NYSE:NR) last issued its quarterly earnings data on Thursday, February 8th. The oil and gas company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.03. Newpark Resources had a positive return on equity of 1.59% and a negative net margin of 0.82%. The business had revenue of $204.40 million for the quarter, compared to analysts’ expectations of $202.55 million. Newpark Resources’s revenue for the quarter was up 49.1% on a year-over-year basis.
NYSE:NR traded up $0.05 during trading hours on Tuesday, hitting $8.10. 627,738 shares of the company traded hands, compared to its average volume of 618,899. The company has a current ratio of 3.19, a quick ratio of 2.14 and a debt-to-equity ratio of 0.29. Newpark Resources has a one year low of $6.57 and a one year high of $10.20. The stock has a market cap of $722.67, a PE ratio of 81.00 and a beta of 1.56.
In other news, EVP Bruce Campbell Smith sold 43,750 shares of Newpark Resources stock in a transaction 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 sale, the executive vice president now directly owns 292,942 shares in the company, valued at approximately $2,481,218.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.90% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in NR. GSA Capital Partners LLP bought a new stake in shares of Newpark Resources during the 3rd quarter worth $113,000. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Newpark Resources during the 3rd quarter worth $114,000. LMR Partners LLP bought a new stake in shares of Newpark Resources during the 3rd quarter worth $154,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of Newpark Resources during the 3rd quarter worth $170,000. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Newpark Resources during the 3rd quarter worth $191,000.
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Newpark Resources Company Profile
Newpark Resources, Inc provides products, rentals, and services primarily to the oil and gas exploration and production industry. It operates through two segments, 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 the Asia Pacific regions.
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