Shimmick (NASDAQ:SHIM) Announces Quarterly Earnings Results, Misses Expectations By $0.62 EPS

Shimmick (NASDAQ:SHIM) released its quarterly earnings results on Thursday. The company reported ($0.91) earnings per share for the quarter, missing the consensus estimate of ($0.29) by ($0.62), RTT News reports. Shimmick had a negative net margin of 20.16% and a negative return on equity of 355.53%. The company had revenue of $103.55 million for the quarter, compared to analysts’ expectations of $118.90 million. During the same quarter in the previous year, the company posted ($0.59) EPS.

Shimmick Stock Performance

NASDAQ:SHIM opened at $1.67 on Friday. The company has a debt-to-equity ratio of 58.60, a quick ratio of 0.80 and a current ratio of 0.80. The stock’s fifty day moving average is $2.27 and its 200 day moving average is $2.43. Shimmick has a fifty-two week low of $1.47 and a fifty-two week high of $7.75. The firm has a market capitalization of $56.44 million, a PE ratio of -0.43 and a beta of 0.59.

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.