Geospace Technologies (GEOS) to Release Quarterly Earnings on Thursday

Geospace Technologies (NASDAQ:GEOS) will issue its quarterly earnings data after the market closes on Thursday, May 9th. Parties that wish to register for the company’s conference call can do so using this link.

Geospace Technologies (NASDAQ:GEOS) last announced its earnings results on Wednesday, February 7th. The oil and gas company reported $0.94 EPS for the quarter. Geospace Technologies had a return on equity of 18.73% and a net margin of 17.42%. The firm had revenue of $50.03 million for the quarter.

Geospace Technologies Stock Down 2.3 %

Shares of Geospace Technologies stock opened at $13.57 on Wednesday. Geospace Technologies has a fifty-two week low of $6.60 and a fifty-two week high of $17.09. The firm has a market cap of $180.75 million, a PE ratio of 7.30 and a beta of 0.80. The business’s fifty day moving average is $12.81 and its two-hundred day moving average is $12.86.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Geospace Technologies from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 2nd.

Insider Buying and Selling

In related news, SVP Robbin B. Adams sold 2,078 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $12.29, for a total value of $25,538.62. Following the transaction, the senior vice president now directly owns 79,739 shares of the company’s stock, valued at approximately $979,992.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders have sold 4,240 shares of company stock valued at $52,124. 6.89% of the stock is currently owned by company insiders.

Geospace Technologies Company Profile

Geospace Technologies Corporation designs and manufactures instruments and equipment used in the oil and gas industry to acquire seismic data in order to locate, characterize, and monitor hydrocarbon producing reservoirs. The company operates through three segments: Oil and Gas Markets, Adjacent Markets, and Emerging Markets.