Foraco International (FAR) Set to Announce Earnings on Tuesday

Foraco International (TSE:FAR) is scheduled to release its earnings data before the market opens on Tuesday, April 30th. Analysts expect Foraco International to post earnings of C$0.05 per share for the quarter.

Foraco International (TSE:FAR) last posted its quarterly earnings data on Friday, February 16th. The company reported C$0.03 earnings per share (EPS) for the quarter. The business had revenue of C$117.89 million during the quarter. Foraco International had a return on equity of 39.08% and a net margin of 7.76%.

Foraco International Stock Up 1.3 %

Shares of TSE:FAR traded up C$0.04 during mid-day trading on Thursday, reaching C$3.16. 19,462 shares of the stock were exchanged, compared to its average volume of 232,208. The company has a quick ratio of 0.88, a current ratio of 1.49 and a debt-to-equity ratio of 101.46. The company has a market cap of C$311.67 million, a P/E ratio of 8.10 and a beta of 1.30. Foraco International has a one year low of C$1.59 and a one year high of C$3.27. The stock’s 50 day simple moving average is C$2.90 and its 200-day simple moving average is C$2.38.

Wall Street Analysts Forecast Growth

Separately, Clarus Securities restated a “buy” rating on shares of Foraco International in a research note on Monday, March 18th.

About Foraco International

Foraco International SA, together with its subsidiaries, provides drilling services in North America, Europe, the Middle East, Africa, South America, and the Asia Pacific. It operates through two segments: Mining and Water. The company offers exploration, development, and production drilling services to the mining industry for energy transition, gold, and mineral exploitation; and various geological sampling and testing techniques, including chips and cores, stabilized holes for blasting, logging, boreholes to be used for injection of water or acid, cold water injection, production boreholes, large diameter core, and dual tube rotary bulk samples.