Flotek Industries (FTK) Set to Announce Earnings on Monday

Flotek Industries (NYSE:FTK) is set to release its earnings data after the market closes on Monday, November 4th. Analysts expect Flotek Industries to post earnings of $0.07 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Flotek Industries (NYSE:FTK) last announced its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. Flotek Industries had a return on equity of 6.73% and a net margin of 3.94%. The business had revenue of $46.15 million during the quarter, compared to the consensus estimate of $46.60 million. During the same period in the prior year, the company earned ($0.24) EPS. On average, analysts expect Flotek Industries to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Flotek Industries Stock Up 2.0 %

Shares of FTK stock opened at $5.06 on Friday. Flotek Industries has a twelve month low of $2.64 and a twelve month high of $5.61. The company has a market cap of $150.84 million, a P/E ratio of 22.82 and a beta of 1.03. The business has a fifty day simple moving average of $4.72 and a 200 day simple moving average of $4.37.

Analyst Ratings Changes

A number of brokerages have issued reports on FTK. Roth Capital raised Flotek Industries to a “strong-buy” rating in a report on Thursday, July 25th. Roth Mkm began coverage on Flotek Industries in a report on Thursday, July 25th. They issued a “buy” rating and a $6.50 target price for the company. One research analyst has rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $6.75.

About Flotek Industries

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).