$0.26 Earnings Per Share Expected for ChampionX Co. (NASDAQ:CHX) This Quarter

Equities analysts expect ChampionX Co. (NASDAQ:CHX – Get Rating) to announce $0.26 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for ChampionX’s earnings, with the highest EPS estimate coming in at $0.27 and the lowest estimate coming in at $0.24. ChampionX posted earnings of $0.11 per share during the same quarter last year, which indicates a positive year over year growth rate of 136.4%. The business is expected to announce its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that ChampionX will report full-year earnings of $1.14 per share for the current year, with EPS estimates ranging from $1.07 to $1.23. For the next year, analysts anticipate that the business will report earnings of $1.63 per share, with EPS estimates ranging from $1.52 to $1.79. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover ChampionX.

ChampionX (NASDAQ:CHX – Get Rating) last announced its quarterly earnings data on Tuesday, April 26th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.19 by $0.03. ChampionX had a net margin of 4.43% and a return on equity of 8.92%. The business had revenue of $865.96 million for the quarter, compared to analyst estimates of $833.75 million. During the same quarter in the previous year, the firm posted $0.08 earnings per share.

A number of equities research analysts have recently issued reports on the stock. Piper Sandler raised shares of ChampionX from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $28.00 to $30.00 in a research note on Monday, April 11th. The Goldman Sachs Group raised shares of ChampionX from a “sell” rating to a “neutral” rating and set a $24.00 price objective for the company in a research note on Tuesday, February 22nd. Bank of America cut shares of ChampionX from a “buy” rating to a “neutral” rating in a research note on Friday, March 11th. Finally, Barclays upped their price target on shares of ChampionX from $33.00 to $38.00 in a report on Monday, May 2nd. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, ChampionX has a consensus rating of “Buy” and a consensus price target of $28.83.

Several institutional investors and hedge funds have recently bought and sold shares of CHX. FinTrust Capital Advisors LLC raised its stake in ChampionX by 113.6% during the 1st quarter. FinTrust Capital Advisors LLC now owns 1,160 shares of the company’s stock worth $28,000 after acquiring an additional 617 shares during the period. UMB Bank N A MO purchased a new position in shares of ChampionX in the fourth quarter valued at $27,000. Quent Capital LLC purchased a new position in shares of ChampionX in the fourth quarter valued at $33,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of ChampionX by 145.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,787 shares of the company’s stock valued at $36,000 after purchasing an additional 1,060 shares in the last quarter. Finally, Pinebridge Investments L.P. purchased a new position in shares of ChampionX in the fourth quarter valued at $36,000. 96.89% of the stock is currently owned by institutional investors.

Shares of ChampionX stock traded up $0.38 during trading on Tuesday, reaching $22.18. The company’s stock had a trading volume of 968,058 shares, compared to its average volume of 1,806,729. ChampionX has a 52-week low of $19.00 and a 52-week high of $30.48. The company has a market cap of $4.51 billion, a price-to-earnings ratio of 32.15 and a beta of 2.88. The firm’s 50-day moving average is $23.48 and its two-hundred day moving average is $22.94. The company has a quick ratio of 1.09, a current ratio of 1.85 and a debt-to-equity ratio of 0.39.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 29th. Stockholders of record on Friday, July 1st will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Thursday, June 30th. ChampionX’s payout ratio is presently 43.48%.

About ChampionX (Get Rating)

ChampionX Corporation provides chemistry solutions, and engineered equipment and technologies to oil and gas companies worldwide. The company's Production Chemical Technologies segment offers onshore and offshore chemical solutions, such as corrosion inhibitors, scale inhibitors, emulsion breakers, and biocides to oil and natural gas production and midstream markets to manage and control corrosion, oil and water separation, flow assurance, sour gas treatment, and water-related issues.

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