Sidoti Csr Has Weak Forecast for Expro Group FY2024 Earnings

Expro Group Holdings (NYSE:XPRO) – Equities researchers at Sidoti Csr reduced their FY2024 earnings per share estimates for shares of Expro Group in a research note issued on Thursday, February 13th. Sidoti Csr analyst S. Ferazani now forecasts that the company will post earnings of $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.

XPRO has been the subject of several other reports. The Goldman Sachs Group assumed coverage on Expro Group in a report on Friday, December 13th. They issued a “neutral” rating and a $18.00 target price for the company. Barclays cut their price target on Expro Group from $28.00 to $18.00 and set an “overweight” rating for the company in a report on Monday, October 28th.

Expro Group Trading Up 1.5 %

Shares of NYSE XPRO opened at $13.48 on Friday. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 96.32, a PEG ratio of 1.20 and a beta of 0.99. The business has a 50 day simple moving average of $12.84 and a 200 day simple moving average of $15.50. Expro Group has a 52 week low of $10.71 and a 52 week high of $24.50. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 1.98.

Insider Transactions at Expro Group

In other news, Director Robert Wayne Drummond, Jr. purchased 18,000 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were acquired at an average price of $11.39 per share, with a total value of $205,020.00. Following the completion of the purchase, the director now directly owns 69,181 shares of the company’s stock, valued at $787,971.59. The trade was a 35.17 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Jardon bought 45,200 shares of the business’s stock in a transaction on Tuesday, December 17th. The stock was bought at an average cost of $10.91 per share, for a total transaction of $493,132.00. Following the purchase, 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 disclosure for this purchase can be found here. Company insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On Expro Group

Several hedge funds have recently added to or reduced their stakes in XPRO. R Squared Ltd acquired a new stake in shares of Expro Group during the fourth quarter worth about $27,000. Sterling Capital Management LLC grew its holdings in shares of Expro Group by 824.7% during the fourth quarter. Sterling Capital Management LLC now owns 3,033 shares of the company’s stock worth $38,000 after buying an additional 2,705 shares in the last quarter. US Bancorp DE grew its holdings in shares of Expro Group by 56.0% during the fourth quarter. US Bancorp DE now owns 4,171 shares of the company’s stock worth $52,000 after buying an additional 1,497 shares in the last quarter. KBC Group NV grew its holdings in shares of Expro Group by 75.3% during the fourth quarter. KBC Group NV now owns 5,968 shares of the company’s stock worth $74,000 after buying an additional 2,563 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Expro Group by 1,413.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 11,126 shares of the company’s stock worth $139,000 after buying an additional 10,391 shares in the last quarter. Institutional investors and hedge funds own 92.07% of the company’s stock.

About Expro Group

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.