Gulf Island Fabrication (NASDAQ:GIFI) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Gulf Island Fabrication (NASDAQ:GIFI) posted its quarterly earnings results on Tuesday. The oil and gas company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.01, Zacks reports. Gulf Island Fabrication had a negative net margin of 13.47% and a negative return on equity of 22.34%. The firm had revenue of $37.64 million for the quarter.

Gulf Island Fabrication Price Performance

NASDAQ:GIFI traded up $0.81 during mid-day trading on Thursday, reaching $6.83. 67,108 shares of the stock were exchanged, compared to its average volume of 58,280. The business has a fifty day moving average price of $5.53 and a 200 day moving average price of $6.09. The firm has a market capitalization of $112.80 million, a PE ratio of 6.23 and a beta of 0.48. The company has a current ratio of 3.89, a quick ratio of 3.80 and a debt-to-equity ratio of 0.22. Gulf Island Fabrication has a 1-year low of $3.81 and a 1-year high of $7.93.

Gulf Island Fabrication Company Profile

Gulf Island Fabrication, Inc, together with its subsidiaries, operates as a fabricator of steel structures and modules in the United States. It operates through Services, Fabrication, and Shipyard divisions. The company provides maintenance, repair, construction, scaffolding, coatings, welding enclosures, and other specialty services on offshore platforms, inland structures, and industrial facilities; services required to connect production equipment and service modules, and equipment on offshore platforms; project management and commissioning services; hookup services; and civil construction and staffing services to the industrial and energy sectors, as well as undertakes municipal and drainage projects, including pump stations, levee reinforcement, bulkheads, and other public works.