Layne Christensen (LAYN) Set to Announce Earnings on Tuesday

Layne Christensen (NASDAQ:LAYN) will post its quarterly earnings results after the market closes on Tuesday, April 10th. Analysts expect Layne Christensen to post earnings of ($0.16) per share for the quarter.

Shares of NASDAQ:LAYN opened at $14.80 on Friday. The company has a current ratio of 1.47, a quick ratio of 1.32 and a debt-to-equity ratio of 3.05. Layne Christensen has a 1-year low of $6.98 and a 1-year high of $16.96. The firm has a market cap of $306.92, a price-to-earnings ratio of -8.41 and a beta of 0.47.

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Several equities analysts have weighed in on the company. BidaskClub cut Layne Christensen from a “buy” rating to a “hold” rating in a research note on Wednesday, March 28th. TheStreet upgraded Layne Christensen from a “d+” rating to a “c-” rating in a research note on Thursday, February 15th. ValuEngine upgraded Layne Christensen from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. Finally, Zacks Investment Research upgraded Layne Christensen from a “sell” rating to a “hold” rating in a research note on Wednesday, February 7th. Four research analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and an average price target of $11.00.

A hedge fund recently raised its stake in Layne Christensen stock. State Street Corp lifted its holdings in shares of Layne Christensen (NASDAQ:LAYN) by 9.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 280,282 shares of the construction company’s stock after purchasing an additional 25,213 shares during the period. State Street Corp owned about 1.41% of Layne Christensen worth $2,465,000 at the end of the most recent reporting period. Institutional investors own 95.03% of the company’s stock.

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About Layne Christensen

Layne Christensen Company operates as a water management, construction, and drilling company that provides solutions for the water, mineral, and energy markets in the United States and internationally. The company's Water Resources segment offers water-related products and services, including hydrologic design and construction; source of supply exploration; well and intake construction; and well and pump rehabilitation services.

Earnings History for Layne Christensen (NASDAQ:LAYN)

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