Shimmick (NASDAQ:SHIM) Posts Earnings Results, Beats Estimates By $0.03 EPS

Shimmick (NASDAQ:SHIM) posted its quarterly earnings data on Thursday. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.03, FiscalAI reports. The company had revenue of $141.92 million for the quarter, compared to analysts’ expectations of $120.20 million. Shimmick updated its FY 2025 guidance to EPS.

Shimmick Trading Down 0.8%

Shares of NASDAQ:SHIM traded down $0.02 during trading on Friday, reaching $2.50. 73,683 shares of the company traded hands, compared to its average volume of 28,982. Shimmick has a 52-week low of $1.30 and a 52-week high of $3.78. The firm has a market capitalization of $88.30 million, a price-to-earnings ratio of -1.47 and a beta of 0.74. The business’s fifty day moving average is $2.60 and its 200-day moving average is $2.18.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Shimmick in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Insider Buying and Selling

In other Shimmick news, Director Mitchell B. Goldsteen sold 9,229 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $3.32, for a total value of $30,640.28. Following the completion of the sale, the director owned 21,125,079 shares in the company, valued at approximately $70,135,262.28. This trade represents a 0.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 67.10% of the stock is owned by corporate insiders.

Shimmick Company Profile

Shimmick Corporation provides water and other critical infrastructure solutions in the United States. The company undertakes water and wastewater treatment infrastructure; water storage and conveyance, including dams, levees, flood control systems, pump stations, and coastal protection infrastructure; and mass transit, bridges, and military infrastructure projects.