ChampionX (NASDAQ:CHX – Get Free Report) announced its earnings results on Wednesday. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.01), Briefing.com reports. ChampionX had a return on equity of 19.72% and a net margin of 8.66%. The business had revenue of $906.53 million for the quarter, compared to the consensus estimate of $916.50 million. During the same quarter in the previous year, the company posted $0.41 EPS. ChampionX’s revenue for the quarter was down 3.5% on a year-over-year basis.
ChampionX Stock Down 0.4 %
NASDAQ CHX traded down $0.12 on Thursday, reaching $29.53. The company had a trading volume of 74,407 shares, compared to its average volume of 1,864,356. The firm has a market capitalization of $5.62 billion, a price-to-earnings ratio of 16.11, a price-to-earnings-growth ratio of 1.27 and a beta of 2.37. The company’s fifty day moving average is $30.63 and its 200-day moving average is $32.43. ChampionX has a 1-year low of $25.46 and a 1-year high of $39.95. 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 Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 4th will be paid a dividend of $0.095 per share. The ex-dividend date of this dividend is Friday, October 4th. This represents a $0.38 dividend on an annualized basis and a yield of 1.29%. ChampionX’s payout ratio is 20.65%.
Analyst Upgrades and Downgrades
Check Out Our Latest Report on CHX
About ChampionX
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.
Further Reading
- Five stocks we like better than ChampionX
- What Are Dividend Champions? How to Invest in the Champions
- A $1.75 Billion Gamble: Can Lucid Ignite Growth?
- What is the Nikkei 225 index?
- The Rally in Lockheed Martin and RTX Can Continue: Here’s Why
- What Does a Stock Split Mean?
- 3 Undervalued Technology Stocks With Big Rebound Potential
Receive News & Ratings for ChampionX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ChampionX and related companies with MarketBeat.com's FREE daily email newsletter.