Shimmick (SHIM) Set to Announce Quarterly Earnings on Tuesday

Shimmick (NASDAQ:SHIM) will be posting its quarterly earnings results before the market opens on Tuesday, November 12th. Analysts expect Shimmick to post earnings of ($0.38) per share for the quarter.

Shimmick (NASDAQ:SHIM) last released its earnings results on Thursday, August 15th. The company reported ($1.83) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.36) by ($1.47). The business had revenue of $90.61 million for the quarter, compared to analyst estimates of $120.00 million. Shimmick had a negative return on equity of 134.28% and a negative net margin of 12.90%. On average, analysts expect Shimmick to post $-4 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Shimmick Stock Down 1.5 %

SHIM opened at $2.03 on Friday. The company has a debt-to-equity ratio of 151.25, a current ratio of 0.79 and a quick ratio of 0.79. Shimmick has a 12 month low of $1.47 and a 12 month high of $7.99. The stock has a market capitalization of $68.19 million and a P/E ratio of -0.89. The business has a 50 day simple moving average of $2.47 and a 200-day simple moving average of $2.55.

Analyst Upgrades and Downgrades

A number of research firms have commented on SHIM. Craig Hallum reduced their target price on Shimmick from $4.00 to $3.00 and set a “hold” rating for the company in a report on Monday, August 19th. Roth Mkm reduced their price objective on shares of Shimmick from $3.50 to $3.00 and set a “neutral” rating for the company in a research note on Monday, August 19th.

About Shimmick

Shimmick Corporation provides water and other critical infrastructure solutions in the United States. The company undertakes water and wastewater treatment infrastructure; water storage and conveyance, including dams, levees, flood control systems, pump stations, and coastal protection infrastructure; and mass transit, bridges, and military infrastructure projects.