Favorable News Coverage Somewhat Unlikely to Impact Layne Christensen (LAYN) Share Price

News headlines about Layne Christensen (NASDAQ:LAYN) have trended positive this week, according to Accern. The research firm identifies negative and positive media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Layne Christensen earned a news impact score of 0.27 on Accern’s scale. Accern also assigned media headlines about the construction company an impact score of 46.7803903290311 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Layne Christensen (NASDAQ LAYN) traded down $0.17 during trading hours on Monday, hitting $13.05. The stock had a trading volume of 85,200 shares, compared to its average volume of 118,050. The firm has a market capitalization of $259.46, a price-to-earnings ratio of -4.10 and a beta of 0.49. The company has a debt-to-equity ratio of 3.05, a quick ratio of 1.32 and a current ratio of 1.47. Layne Christensen has a 1-year low of $6.98 and a 1-year high of $13.64.

Layne Christensen (NASDAQ:LAYN) last released its earnings results on Tuesday, December 5th. The construction company reported ($0.11) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.07). The company had revenue of $127.43 million during the quarter, compared to analyst estimates of $131.12 million. Layne Christensen had a negative net margin of 12.73% and a negative return on equity of 40.46%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.26) EPS. analysts expect that Layne Christensen will post -0.51 earnings per share for the current fiscal year.

LAYN has been the topic of a number of recent research reports. BidaskClub raised Layne Christensen from a “hold” rating to a “buy” rating in a report on Wednesday, December 20th. Jefferies Group reissued a “hold” rating and issued a $11.00 target price (up previously from $9.00) on shares of Layne Christensen in a report on Thursday, September 14th. ValuEngine raised Layne Christensen from a “sell” rating to a “hold” rating in a report on Wednesday, September 13th. Finally, Zacks Investment Research lowered Layne Christensen from a “hold” rating to a “sell” rating in a report on Monday, December 11th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $11.00.

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About Layne Christensen

Layne Christensen Company (Layne) is a water management, construction and drilling company. The Company provides drilling solutions for water management, mineral services and specialty drilling needs. The Company operates through three segments: Water Resources, Inliner and Mineral Services. Its Water Resources segment provides its customers with solutions for various aspects of water supply system development and technology throughout the United States.

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