Geospace Technologies (GEOS) Scheduled to Post Quarterly Earnings on Thursday

Geospace Technologies (NASDAQ:GEOS) will be posting its quarterly earnings results after the market closes on Thursday, May 9th.

Geospace Technologies (NASDAQ:GEOS) last released its earnings results on Wednesday, February 7th. The oil and gas company reported $0.94 earnings per share (EPS) for the quarter. Geospace Technologies had a return on equity of 18.73% and a net margin of 17.42%. The firm had revenue of $50.03 million for the quarter.

Geospace Technologies Trading Down 0.2 %

Shares of Geospace Technologies stock opened at $12.60 on Friday. Geospace Technologies has a 52 week low of $6.60 and a 52 week high of $17.09. The company’s 50-day moving average price is $12.78 and its two-hundred day moving average price is $12.84. The stock has a market cap of $167.83 million, a PE ratio of 6.77 and a beta of 0.80.

Insider Activity

In related news, SVP Robbin B. Adams sold 2,078 shares of Geospace Technologies stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $12.29, for a total value of $25,538.62. Following the transaction, the senior vice president now directly owns 79,739 shares in the company, valued at approximately $979,992.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders sold 4,240 shares of company stock worth $52,124. Insiders own 6.89% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Geospace Technologies from a “buy” rating to a “strong-buy” rating in a research note on Thursday.

About Geospace Technologies

Geospace Technologies Corporation designs and manufactures instruments and equipment used in the oil and gas industry to acquire seismic data in order to locate, characterize, and monitor hydrocarbon producing reservoirs. The company operates through three segments: Oil and Gas Markets, Adjacent Markets, and Emerging Markets.