Wall Street brokerages forecast that Newpark Resources Inc (NYSE:NR) will announce sales of $215.76 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Newpark Resources’ earnings. The highest sales estimate is $221.22 million and the lowest is $210.30 million. Newpark Resources reported sales of $236.26 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 8.7%. The company is scheduled to report its next quarterly earnings results after the market closes on Tuesday, July 30th.
On average, analysts expect that Newpark Resources will report full-year sales of $883.23 million for the current financial year, with estimates ranging from $869.10 million to $897.35 million. For the next year, analysts anticipate that the firm will post sales of $1.06 billion, with estimates ranging from $995.70 million to $1.12 billion. Zacks’ sales calculations are an average based on a survey of research firms that follow Newpark Resources.
Newpark Resources (NYSE:NR) last released its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.02). Newpark Resources had a return on equity of 6.29% and a net margin of 2.83%. The firm had revenue of $211.50 million during the quarter, compared to analysts’ expectations of $224.17 million. During the same period in the prior year, the firm posted $0.08 earnings per share. Newpark Resources’s revenue for the quarter was down 7.0% compared to the same quarter last year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Texas Permanent School Fund grew its stake in shares of Newpark Resources by 3.1% in the 1st quarter. Texas Permanent School Fund now owns 61,295 shares of the oil and gas company’s stock valued at $561,000 after buying an additional 1,871 shares during the period. Rhumbline Advisers grew its stake in shares of Newpark Resources by 0.8% in the 1st quarter. Rhumbline Advisers now owns 274,292 shares of the oil and gas company’s stock valued at $2,513,000 after buying an additional 2,086 shares during the period. Comerica Bank grew its stake in shares of Newpark Resources by 2.6% in the 1st quarter. Comerica Bank now owns 91,260 shares of the oil and gas company’s stock valued at $844,000 after buying an additional 2,349 shares during the period. Advisor Group Inc. grew its stake in shares of Newpark Resources by 233.0% in the 4th quarter. Advisor Group Inc. now owns 4,182 shares of the oil and gas company’s stock valued at $29,000 after buying an additional 2,926 shares during the period. Finally, Principal Financial Group Inc. grew its stake in shares of Newpark Resources by 0.5% in the 4th quarter. Principal Financial Group Inc. now owns 751,279 shares of the oil and gas company’s stock valued at $5,161,000 after buying an additional 3,961 shares during the period. 98.65% of the stock is owned by institutional investors.
NYSE NR traded up $0.26 on Tuesday, hitting $6.66. The stock had a trading volume of 20,795 shares, compared to its average volume of 369,607. The business has a fifty day moving average of $6.96. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.81 and a current ratio of 4.45. Newpark Resources has a 52-week low of $6.29 and a 52-week high of $11.25. The company has a market capitalization of $586.48 million, a PE ratio of 16.17 and a beta of 1.47.
Newpark Resources Company Profile
Newpark Resources, Inc provides products, rentals, and services primarily to the oil and natural gas exploration and production industry. It operates through two segments, Fluids Systems, and Mats and Integrated Services. The Fluids Systems segment offers drilling and completion fluids solutions, and technical services to customers in the North America, Europe, the Middle East, Africa, Latin America, and the Asia Pacific regions.
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