Geospace Technologies (GEOS) to Release Earnings on Thursday

Geospace Technologies (NASDAQ:GEOS) will release its earnings data after the market closes on Thursday, May 9th. Investors interested in registering for the company’s conference call can do so using this link.

Geospace Technologies (NASDAQ:GEOS) last posted its earnings results on Wednesday, February 7th. The oil and gas company reported $0.94 earnings per share (EPS) for the quarter. The firm had revenue of $50.03 million for the quarter. Geospace Technologies had a return on equity of 18.73% and a net margin of 17.42%.

Geospace Technologies Stock Up 1.9 %

NASDAQ GEOS traded up $0.26 during trading on Tuesday, hitting $14.15. The stock had a trading volume of 16,367 shares, compared to its average volume of 92,171. The company has a market capitalization of $188.48 million, a PE ratio of 7.47 and a beta of 0.80. Geospace Technologies has a twelve month low of $6.60 and a twelve month high of $17.09. The firm has a 50 day moving average price of $12.79 and a 200 day moving average price of $12.85.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Geospace Technologies from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 2nd.

Insiders Place Their Bets

In other news, SVP Robbin B. Adams sold 2,078 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $12.29, for a total transaction of $25,538.62. Following the completion of the transaction, the senior vice president now directly owns 79,739 shares of the company’s stock, valued at $979,992.31. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold a total of 4,240 shares of company stock worth $52,124 in the last quarter. 6.89% of the stock is owned by company insiders.

Geospace Technologies Company Profile

Geospace Technologies Corporation designs and manufactures instruments and equipment used in the oil and gas industry to acquire seismic data in order to locate, characterize, and monitor hydrocarbon producing reservoirs. The company operates through three segments: Oil and Gas Markets, Adjacent Markets, and Emerging Markets.