Apergy (NYSE:APY) is scheduled to be announcing its earnings results after the market closes on Tuesday, October 30th. Analysts expect the company to announce earnings of $0.34 per share for the quarter.
Apergy (NYSE:APY) last announced its earnings results on Thursday, July 26th. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.02). The business had revenue of $305.93 million during the quarter, compared to analysts’ expectations of $296.70 million. On average, analysts expect Apergy to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of NYSE:APY opened at $40.37 on Tuesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.31 and a quick ratio of 1.36. Apergy has a one year low of $33.35 and a one year high of $46.11.
A number of equities research analysts have commented on APY shares. Zacks Investment Research cut Apergy from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. Wolfe Research started coverage on Apergy in a report on Wednesday, October 10th. They set an “outperform” rating on the stock. Cowen increased their target price on Apergy from $37.00 to $39.00 and gave the company a “market perform” rating in a report on Tuesday, August 7th. Citigroup increased their target price on Apergy from $46.00 to $52.00 and gave the company a “buy” rating in a report on Wednesday, July 11th. Finally, Jefferies Financial Group started coverage on Apergy in a report on Tuesday, July 17th. They set a “buy” rating and a $50.00 target price on the stock. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. Apergy has an average rating of “Buy” and an average price target of $46.50.
Apergy Company Profile
Apergy Corporation provides engineered equipment and technologies that help companies drill for and produce oil and gas worldwide. The company operates through Production & Automation Technologies and Drilling Technologies segments. The Production & Automation Technologies segment offers artificial lift equipment and solutions, including rod pumping systems, electric submersible pump systems, progressive cavity pumps, and drive systems and plunger lifts, as well as automation equipment, software, and industrial Internet of things solutions for downhole monitoring, wellsite productivity enhancement, and asset integrity management.
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