ChampionX (NASDAQ:CHX – Get Free Report) issued its quarterly earnings data on Wednesday. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.11), Zacks reports. ChampionX had a net margin of 9.74% and a return on equity of 21.42%. The business had revenue of $893.30 million for the quarter, compared to the consensus estimate of $954.91 million. During the same period in the previous year, the firm earned $0.48 EPS. The company’s revenue was down 3.6% on a year-over-year basis.
ChampionX Price Performance
Shares of CHX traded up $0.06 during midday trading on Thursday, hitting $34.14. 1,924,660 shares of the company traded hands, compared to its average volume of 1,973,839. The firm has a 50 day moving average of $32.69 and a 200-day moving average of $32.30. ChampionX has a 52 week low of $25.46 and a 52 week high of $39.95. The stock has a market cap of $6.50 billion, a price-to-earnings ratio of 18.79, a PEG ratio of 1.44 and a beta of 2.41. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.16 and a current ratio of 1.83.
ChampionX Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Friday, July 5th will be issued a $0.095 dividend. This represents a $0.38 annualized dividend and a yield of 1.11%. The ex-dividend date is Friday, July 5th. ChampionX’s dividend payout ratio is currently 20.65%.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Analysis on ChampionX
About ChampionX
ChampionX Corporation provides chemistry solutions, artificial lift systems, and engineered equipment and technologies to oil and gas companies worldwide. The company operates through four segments: Production Chemical Technologies, Production & Automation Technologies, Drilling Technologies, and Reservoir Chemical Technologies.
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