Here is an analysis at the scorecard of Layne Christensen Co. (NASDAQ:LAYN) for the recent quarter and analyst projections for the coming periods.
The firm generated sales of 111.51M%, implying a jump of -0.43% compared to a analogous quarter a year ago.
To achieve the recorded sales of 111.51M% for the quarter, the firm incurred $92.77M in cost of goods. Hence, after considering the cost of sales, Layne Christensen Co. came with a gross income of $18.74M.
Let’s look into the technical of the stock
The Barchart Technical Opinion rating is a 48% Buy with a Strongest short term outlook on maintaining the current direction. Longer term, the trend strength is Average. Long term indicators mostly agree with the trend.
Layne Christensen Co. incurred other expenses in the completion of operation. Taking those into account, it closed the quarter with EPS of $(1.15). The firm had 19.8M diluted outstanding shares at the close of the quarter.
For the next quarter, analysts on the average are projecting EPS of $-0.05.
Layne Christensen Co.’s cash balance at the close of the recent quarter was 54.6M%. The firm generated free cash flow of $(20.9M) during the quarter, while net operating cash flow was $(9.76M). Net change in cash was $(14.4M).
That said, Layne Christensen Co. closed the quarter with debt of -%. The debt increased/dropped by falling from the past period.
What is market thinking about Layne Christensen Co.? So far 2 analysts have assessed the stock, and they have average recommendation of Hold and average price target of $9.00. To put the recommendation into perspective, call in the range of 1.00 – 1.24 indicates a BUY recommendation, whereas 1.25 – 1.74 refers to OVERWEIGHT. HOLD recommendation is shown by 1.75 – 2.24, UNDERWEIGHT is signified by 2.25 – 2.74 while SELL is signified by 2.75 – 3.00.
Does Layne Christensen Co. have a strong balance sheet? A look at the firm’s balance sheet at the close of the most recent quarter displays that it has total assets of $392.72M, offset by total liabilities of $163.24M.