Layne Christensen (LAYN) Set to Announce Earnings on Monday

Layne Christensen (NASDAQ:LAYN) is scheduled to be releasing its earnings data after the market closes on Monday, April 9th. Analysts expect Layne Christensen to post earnings of ($0.16) per share for the quarter.

Shares of LAYN stock opened at $14.92 on Monday. Layne Christensen has a 1-year low of $6.98 and a 1-year high of $16.96. The stock has a market cap of $297.16, a P/E ratio of -8.48 and a beta of 0.43. The company has a debt-to-equity ratio of 3.05, a quick ratio of 1.32 and a current ratio of 1.47.

A number of brokerages recently weighed in on LAYN. TheStreet raised Layne Christensen from a “d+” rating to a “c-” rating in a research report on Thursday, February 15th. ValuEngine raised Layne Christensen from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. BidaskClub downgraded Layne Christensen from a “buy” rating to a “hold” rating in a research report on Wednesday, March 28th. Finally, Zacks Investment Research raised Layne Christensen from a “sell” rating to a “hold” rating in a research report on Wednesday, February 7th. Four analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and a consensus target price of $11.00.

An institutional investor recently raised its position in Layne Christensen stock. State Street Corp boosted its stake in shares of Layne Christensen (NASDAQ:LAYN) by 9.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 280,282 shares of the construction company’s stock after purchasing an additional 25,213 shares during the quarter. State Street Corp owned about 1.41% of Layne Christensen worth $2,465,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 95.03% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: “Layne Christensen (LAYN) Set to Announce Earnings on Monday” was reported by WKRB News and is owned by of WKRB News. If you are accessing this report on another publication, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this report can be read at https://www.wkrb13.com/2018/04/02/layne-christensen-layn-set-to-announce-earnings-on-monday.html.

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)

Receive News & Ratings for Layne Christensen Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Layne Christensen and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply