$359.10 Million in Sales Expected for Exterran Corp (EXTN) This Quarter

Wall Street analysts predict that Exterran Corp (NYSE:EXTN) will announce sales of $359.10 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Exterran’s earnings, with the lowest sales estimate coming in at $358.20 million and the highest estimate coming in at $360.00 million. Exterran posted sales of $327.10 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 9.8%. The firm is scheduled to report its next earnings results on Monday, November 5th.

On average, analysts expect that Exterran will report full year sales of $1.43 billion for the current fiscal year, with estimates ranging from $1.41 billion to $1.44 billion. For the next financial year, analysts expect that the firm will report sales of $1.49 billion per share, with estimates ranging from $1.44 billion to $1.53 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Exterran.

Exterran (NYSE:EXTN) last announced its quarterly earnings data on Monday, August 6th. The energy company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.06). Exterran had a net margin of 1.14% and a return on equity of 1.70%. The firm had revenue of $343.47 million during the quarter, compared to analysts’ expectations of $326.75 million.

Several research analysts have weighed in on EXTN shares. AltaCorp Capital reaffirmed an “outperform” rating on shares of Exterran in a research note on Tuesday, July 10th. Zacks Investment Research raised shares of Exterran from a “sell” rating to a “hold” rating in a research note on Tuesday, September 11th. Finally, ValuEngine lowered shares of Exterran from a “hold” rating to a “sell” rating in a research note on Friday, June 29th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. Exterran presently has a consensus rating of “Hold” and an average target price of $27.00.

Shares of EXTN traded up $0.37 during mid-day trading on Thursday, reaching $25.14. The stock had a trading volume of 581,711 shares, compared to its average volume of 109,468. The company has a current ratio of 1.30, a quick ratio of 0.93 and a debt-to-equity ratio of 0.73. Exterran has a 52-week low of $24.15 and a 52-week high of $33.69. The firm has a market capitalization of $908.18 million, a P/E ratio of -64.46 and a beta of 0.87.

Hedge funds have recently made changes to their positions in the business. Barclays PLC raised its holdings in Exterran by 29.1% in the first quarter. Barclays PLC now owns 11,447 shares of the energy company’s stock valued at $305,000 after acquiring an additional 2,581 shares in the last quarter. BlueMountain Capital Management LLC raised its holdings in Exterran by 7.1% in the second quarter. BlueMountain Capital Management LLC now owns 40,031 shares of the energy company’s stock valued at $1,002,000 after acquiring an additional 2,666 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Exterran by 5.7% in the first quarter. Russell Investments Group Ltd. now owns 51,660 shares of the energy company’s stock valued at $1,380,000 after acquiring an additional 2,803 shares in the last quarter. Swiss National Bank raised its holdings in Exterran by 5.6% in the first quarter. Swiss National Bank now owns 56,150 shares of the energy company’s stock valued at $1,499,000 after acquiring an additional 3,000 shares in the last quarter. Finally, OppenheimerFunds Inc. raised its holdings in Exterran by 11.9% in the second quarter. OppenheimerFunds Inc. now owns 30,739 shares of the energy company’s stock valued at $770,000 after acquiring an additional 3,262 shares in the last quarter. 87.44% of the stock is owned by institutional investors.

About Exterran

Exterran Corporation engages in the compression, production, and processing of products and services for the oil and natural gas industry worldwide. The company operates through three segments: contract Operations, Aftermarket Services, and Product Sales. Its contract operation services include personnel, equipment, tools, materials, and supplies.

Recommended Story: Trading Strategy Methods and Types

Get a free copy of the Zacks research report on Exterran (EXTN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Exterran (NYSE:EXTN)

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

Leave a Reply