Sidoti Csr Has Weak Estimate for Expro Group FY2024 Earnings

Expro Group Holdings (NYSE:XPRO) – Sidoti Csr reduced their FY2024 earnings estimates for Expro Group in a research report issued to clients and investors on Thursday, February 13th. Sidoti Csr analyst S. Ferazani now expects that the company will earn $0.68 per share for the year, down from their previous forecast of $0.70. The consensus estimate for Expro Group’s current full-year earnings is $0.70 per share. Sidoti Csr also issued estimates for Expro Group’s Q4 2024 earnings at $0.25 EPS, Q1 2025 earnings at ($0.01) EPS, Q2 2025 earnings at $0.25 EPS and FY2025 earnings at $0.87 EPS.

A number of other equities analysts have also commented on the stock. The Goldman Sachs Group began coverage on shares of Expro Group in a research note on Friday, December 13th. They set a “neutral” rating and a $18.00 target price for the company. Barclays cut their price target on shares of Expro Group from $28.00 to $18.00 and set an “overweight” rating on the stock in a report on Monday, October 28th.

Expro Group Price Performance

NYSE XPRO opened at $13.27 on Friday. Expro Group has a 12 month low of $10.71 and a 12 month high of $24.50. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.98 and a quick ratio of 1.62. The firm has a market capitalization of $1.56 billion, a PE ratio of 94.76, a P/E/G ratio of 1.20 and a beta of 0.99. The company’s 50 day simple moving average is $12.83 and its 200 day simple moving average is $15.52.

Insider Buying and Selling

In related news, CEO Michael Jardon purchased 45,200 shares of the firm’s stock in a transaction on Tuesday, December 17th. The shares were bought at an average cost of $10.91 per share, for a total transaction of $493,132.00. Following the transaction, the chief executive officer now directly owns 336,674 shares of the company’s stock, valued at approximately $3,673,113.34. This trade represents a 15.51 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Robert Wayne Drummond, Jr. purchased 18,000 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was bought at an average price of $11.39 per share, for a total transaction of $205,020.00. Following the completion of the transaction, the director now directly owns 69,181 shares in the company, valued at approximately $787,971.59. The trade was a 35.17 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.50% of the company’s stock.

Institutional Trading of Expro Group

Several institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in Expro Group by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 10,236,260 shares of the company’s stock valued at $127,646,000 after buying an additional 260,914 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Expro Group by 18.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,754,280 shares of the company’s stock valued at $59,283,000 after buying an additional 728,836 shares in the last quarter. American Century Companies Inc. boosted its position in Expro Group by 32.3% in the fourth quarter. American Century Companies Inc. now owns 4,206,985 shares of the company’s stock valued at $52,461,000 after buying an additional 1,027,825 shares in the last quarter. William Blair Investment Management LLC boosted its position in Expro Group by 37.0% in the fourth quarter. William Blair Investment Management LLC now owns 2,809,682 shares of the company’s stock valued at $35,037,000 after buying an additional 758,449 shares in the last quarter. Finally, State Street Corp boosted its position in Expro Group by 7.6% in the third quarter. State Street Corp now owns 2,692,260 shares of the company’s stock valued at $46,226,000 after buying an additional 189,085 shares in the last quarter. 92.07% of the stock is currently owned by institutional investors and hedge funds.

Expro Group Company Profile

Expro Group Holdings N.V. engages in the provision of energy services in North and Latin America, Europe and Sub-Saharan Africa, the Middle East and North Africa, and the Asia-Pacific. The company provides well construction services, such as technology solutions in drilling, tubular running services, and cementing and tubulars; and well management services, including well flow management, subsea well access, and well intervention and integrity solutions.