ChampionX (NASDAQ:CHX – Get Free Report) announced its quarterly earnings data on Wednesday. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.01), Briefing.com reports. The business had revenue of $906.53 million for the quarter, compared to analyst estimates of $916.50 million. ChampionX had a net margin of 8.66% and a return on equity of 19.72%. The business’s revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.41 earnings per share.
ChampionX Trading Down 2.1 %
Shares of ChampionX stock opened at $29.03 on Friday. The firm has a 50-day simple moving average of $30.58 and a two-hundred day simple moving average of $32.40. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.25 and a current ratio of 1.99. ChampionX has a fifty-two week low of $25.46 and a fifty-two week high of $39.95. The company has a market cap of $5.53 billion, a P/E ratio of 15.78, a price-to-earnings-growth ratio of 1.27 and a beta of 2.37.
ChampionX Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 4th will be given a dividend of $0.095 per share. The ex-dividend date of this dividend is Friday, October 4th. This represents a $0.38 annualized dividend and a yield of 1.31%. ChampionX’s dividend payout ratio is presently 20.65%.
Wall Street Analyst Weigh In
Check Out Our Latest Analysis on CHX
ChampionX Company Profile
ChampionX Corporation provides chemistry solutions, artificial lift systems, and engineered equipment and technologies to oil and gas companies worldwide. The company operates through four segments: Production Chemical Technologies, Production & Automation Technologies, Drilling Technologies, and Reservoir Chemical Technologies.
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