Civeo (NYSE:CVEO) Announces Quarterly Earnings Results

Civeo (NYSE:CVEO) announced its quarterly earnings results on Thursday. The business services provider reported ($0.88) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.61), Zacks reports. Civeo had a net margin of 3.00% and a return on equity of 0.11%. Civeo updated its FY 2025 guidance to EPS.

Civeo Trading Down 18.4 %

NYSE:CVEO traded down $4.95 during trading hours on Thursday, reaching $22.02. The company’s stock had a trading volume of 503,663 shares, compared to its average volume of 114,386. The firm has a market capitalization of $303.27 million, a price-to-earnings ratio of 15.73 and a beta of 2.00. The firm has a 50-day simple moving average of $23.89 and a 200-day simple moving average of $25.47. Civeo has a 1 year low of $21.15 and a 1 year high of $28.92. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.28 and a current ratio of 1.36.

Civeo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.54%. The ex-dividend date is Monday, February 24th. Civeo’s payout ratio is presently 71.43%.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Civeo from a “strong-buy” rating to a “buy” rating in a report on Sunday, December 29th.

About Civeo

Civeo Corporation provides hospitality services to the natural resource industry in Canada, Australia, and the United States. The company develops lodges and villages; and mobile assets, including modular, skid-mounted accommodation, and central facilities that provide short to medium-term accommodation needs.