-$0.05 Earnings Per Share Expected for Keane Group Inc (NYSE:FRAC) This Quarter

Analysts expect Keane Group Inc (NYSE:FRAC) to report earnings per share (EPS) of ($0.05) for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Keane Group’s earnings. The lowest EPS estimate is ($0.11) and the highest is $0.02. Keane Group posted earnings of $0.35 per share in the same quarter last year, which indicates a negative year over year growth rate of 114.3%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Monday, July 29th.

According to Zacks, analysts expect that Keane Group will report full year earnings of ($0.25) per share for the current fiscal year, with EPS estimates ranging from ($0.50) to $0.01. For the next year, analysts expect that the business will post earnings of $0.05 per share, with EPS estimates ranging from ($0.49) to $0.60. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Keane Group.

Keane Group (NYSE:FRAC) last issued its quarterly earnings results on Monday, May 6th. The company reported ($0.13) EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.02. Keane Group had a return on equity of 13.57% and a net margin of 2.24%. The firm had revenue of $421.70 million for the quarter, compared to analysts’ expectations of $412.79 million. During the same quarter in the prior year, the firm earned ($0.07) EPS. The business’s revenue for the quarter was down 17.8% compared to the same quarter last year.

Several brokerages have recently commented on FRAC. TheStreet lowered Viavi Solutions from a “b-” rating to a “c+” rating in a research report on Monday, June 3rd. ValuEngine lowered China Southern Airlines from a “hold” rating to a “sell” rating in a research report on Monday, April 29th. Finally, AltaCorp Capital reissued a “sector perform” rating on shares of STEP Energy Services in a research report on Thursday, June 20th. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $16.27.

Shares of NYSE FRAC opened at $5.85 on Thursday. The company has a market cap of $613.45 million, a price-to-earnings ratio of 9.59 and a beta of 1.29. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.48 and a quick ratio of 1.33. The business has a 50-day simple moving average of $6.97. Keane Group has a twelve month low of $5.60 and a twelve month high of $14.55.

A number of institutional investors have recently bought and sold shares of FRAC. Prudential Financial Inc. acquired a new position in shares of Keane Group in the fourth quarter worth approximately $103,000. California Public Employees Retirement System lifted its stake in shares of Keane Group by 12.0% in the fourth quarter. California Public Employees Retirement System now owns 217,438 shares of the company’s stock worth $1,779,000 after acquiring an additional 23,338 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Keane Group by 76.9% in the fourth quarter. Bank of New York Mellon Corp now owns 374,809 shares of the company’s stock worth $3,066,000 after acquiring an additional 162,960 shares during the period. Citigroup Inc. lifted its stake in shares of Keane Group by 15.1% in the fourth quarter. Citigroup Inc. now owns 21,491 shares of the company’s stock worth $176,000 after acquiring an additional 2,824 shares during the period. Finally, Great West Life Assurance Co. Can lifted its stake in shares of Keane Group by 169.5% in the fourth quarter. Great West Life Assurance Co. Can now owns 8,892 shares of the company’s stock worth $70,000 after acquiring an additional 5,592 shares during the period. Institutional investors own 89.53% of the company’s stock.

About Keane Group

Keane Group, Inc engages in the provision of hydraulic and engineered related solutions. It provides horizontal and vertical fracturing, wireline perforation and logging & engineered, as well as other value-added services. The company operates through two segments: Completion, and Other Services. The Completion Services segment refers to the hydraulic fracturing and wireline divisions.

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