Core Laboratories (NYSE:CLB – Get Free Report) issued its earnings results on Wednesday. The oil and gas company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.04, Briefing.com reports. The company had revenue of $134.40 million during the quarter, compared to the consensus estimate of $134.16 million. Core Laboratories had a return on equity of 15.20% and a net margin of 5.44%. The company’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.22 earnings per share. Core Laboratories updated its Q4 2024 guidance to 0.200-0.250 EPS and its Q4 guidance to $0.20-0.25 EPS.
Core Laboratories Stock Performance
Shares of NYSE:CLB traded up $0.50 during trading on Friday, hitting $19.44. 285,303 shares of the company traded hands, compared to its average volume of 434,035. The stock has a market capitalization of $911.74 million, a price-to-earnings ratio of 21.51, a PEG ratio of 1.08 and a beta of 2.36. Core Laboratories has a one year low of $13.82 and a one year high of $25.13. The company has a quick ratio of 1.68, a current ratio of 2.39 and a debt-to-equity ratio of 0.60. The business’s fifty day moving average is $18.53 and its 200-day moving average is $18.96.
Core Laboratories Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Monday, November 4th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.04 dividend on an annualized basis and a yield of 0.21%. Core Laboratories’s dividend payout ratio is currently 4.55%.
Analyst Upgrades and Downgrades
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About Core Laboratories
Core Laboratories Inc provides reservoir description and production enhancement services and products to the oil and gas industry in the United States, and internationally. It operates through Reservoir Description and Production Enhancement segments. The Reservoir Description segment includes the characterization of petroleum reservoir rock and reservoir fluid samples to enhance production and improve recovery of crude oil and gas from its clients' reservoirs.
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