ProFrac (ACDC) Scheduled to Post Earnings on Thursday

ProFrac (NASDAQ:ACDC) will issue its quarterly earnings data before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of $0.08 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

ProFrac (NASDAQ:ACDC) last posted its earnings results on Friday, March 15th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.23). ProFrac had a negative net margin of 3.98% and a positive return on equity of 3.04%. The firm had revenue of $489.10 million for the quarter, compared to the consensus estimate of $594.17 million. On average, analysts expect ProFrac to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

ProFrac Price Performance

ACDC stock opened at $7.37 on Tuesday. The company has a fifty day simple moving average of $8.09 and a two-hundred day simple moving average of $8.07. ProFrac has a 52 week low of $6.46 and a 52 week high of $14.32. The company has a quick ratio of 0.62, a current ratio of 0.98 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $1.18 billion, a P/E ratio of -13.91 and a beta of 0.76.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ACDC. Bank of America lifted their target price on ProFrac from $8.50 to $9.50 and gave the stock a “neutral” rating in a report on Monday, April 15th. Stifel Nicolaus dropped their price objective on shares of ProFrac from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Thursday, March 14th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, ProFrac presently has a consensus rating of “Hold” and a consensus target price of $12.50.

About ProFrac

ProFrac Holding Corp. operates as a technology-focused energy services holding company in the United States. It operates through three segments: Stimulation Services, Manufacturing, and Proppant Production. The company offers hydraulic fracturing, well stimulation, in-basin frac sand, and other completion services and complementary products and services to upstream oil and natural gas companies engaged in the exploration and production of unconventional oil and natural gas resources.