Layne Christensen (NASDAQ:LAYN) has received a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Analysts have set a 1 year consensus target price of $11.00 for the company and are predicting that the company will post ($0.14) EPS for the current quarter, according to Zacks. Zacks has also assigned Layne Christensen an industry rank of 100 out of 265 based on the ratings given to its competitors.
LAYN has been the topic of a number of recent analyst reports. BidaskClub raised shares of Layne Christensen from a “hold” rating to a “buy” rating in a report on Wednesday, December 20th. Zacks Investment Research raised shares of Layne Christensen from a “sell” rating to a “hold” rating in a report on Wednesday, February 7th. Finally, ValuEngine downgraded shares of Layne Christensen from a “hold” rating to a “sell” rating in a report on Friday, December 1st.
Several hedge funds and other institutional investors have recently made changes to their positions in LAYN. Alliancebernstein L.P. purchased a new stake in shares of Layne Christensen during the 2nd quarter valued at about $119,000. Nationwide Fund Advisors boosted its holdings in shares of Layne Christensen by 3.0% during the 2nd quarter. Nationwide Fund Advisors now owns 14,565 shares of the construction company’s stock valued at $128,000 after acquiring an additional 428 shares during the last quarter. Virtu KCG Holdings LLC purchased a new stake in shares of Layne Christensen during the 2nd quarter valued at about $130,000. Jane Street Group LLC purchased a new stake in shares of Layne Christensen during the 3rd quarter valued at about $162,000. Finally, Rhumbline Advisers boosted its holdings in shares of Layne Christensen by 8.8% during the 2nd quarter. Rhumbline Advisers now owns 21,629 shares of the construction company’s stock valued at $190,000 after acquiring an additional 1,755 shares during the last quarter. 91.46% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Layne Christensen (LAYN) opened at $12.57 on Friday. Layne Christensen has a 1 year low of $6.98 and a 1 year high of $13.83. The company has a quick ratio of 1.32, a current ratio of 1.47 and a debt-to-equity ratio of 3.05.
Layne Christensen (NASDAQ:LAYN) last announced its quarterly earnings results on Tuesday, December 5th. The construction company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.07). The company had revenue of $127.43 million for the quarter, compared to analysts’ expectations of $131.12 million. Layne Christensen had a negative net margin of 12.73% and a negative return on equity of 40.46%. The business’s revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.26) EPS. equities analysts expect that Layne Christensen will post -0.51 earnings per share for the current year.
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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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