Foraco International (FAR) Set to Announce Quarterly Earnings on Friday

Foraco International (TSE:FAR) is scheduled to be announcing its earnings results before the market opens on Friday, August 2nd. Analysts expect the company to announce earnings of C$0.12 per share for the quarter.

Foraco International (TSE:FAR) last posted its quarterly earnings data on Tuesday, April 30th. The company reported C$0.12 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.05 by C$0.07. The firm had revenue of C$103.93 million during the quarter. Foraco International had a return on equity of 40.21% and a net margin of 8.62%.

Foraco International Stock Up 10.6 %

Foraco International stock opened at C$2.72 on Monday. The stock has a market capitalization of C$268.55 million, a price-to-earnings ratio of 6.33 and a beta of 1.30. The company has a debt-to-equity ratio of 117.03, a current ratio of 1.40 and a quick ratio of 0.88. The business has a fifty day moving average price of C$2.58 and a 200-day moving average price of C$2.75. Foraco International has a 1-year low of C$1.59 and a 1-year high of C$3.27.

About Foraco International

Foraco International SA, together with its subsidiaries, provides drilling services in North America, Europe, the Middle East, Africa, South America, and the Asia Pacific. It operates through two segments: Mining and Water. The company offers exploration, development, and production drilling services to the mining industry for energy transition, gold, and mineral exploitation; and various geological sampling and testing techniques, including chips and cores, stabilized holes for blasting, logging, boreholes to be used for injection of water or acid, cold water injection, production boreholes, large diameter core, and dual tube rotary bulk samples.