Flotek Industries (NYSE:FTK) Releases Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Flotek Industries (NYSE:FTK) released its quarterly earnings data on Monday. The oil and gas company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.04, Zacks reports. Flotek Industries had a return on equity of 7.76% and a net margin of 4.58%. The company had revenue of $50.76 million for the quarter, compared to the consensus estimate of $50.08 million. During the same quarter last year, the business posted $0.07 EPS.

Flotek Industries Stock Down 2.3 %

NYSE FTK opened at $7.31 on Tuesday. The company has a market cap of $217.66 million, a price-to-earnings ratio of 28.10 and a beta of 1.21. Flotek Industries has a twelve month low of $2.64 and a twelve month high of $10.35. The business’s fifty day moving average is $8.66 and its 200 day moving average is $7.00.

Flotek Industries Company Profile

Flotek Industries, Inc operates as a technology-driven green chemistry and data company that serves customers across industrial and commercial markets in the United States, the United Arab Emirates, and internationally. It operates through two segments: Chemistry Technologies (CT) and Data Analytics (DA).