Geospace Technologies Corp. (GEOS) to Release Earnings on Thursday
Geospace Technologies Corp. (NASDAQ:GEOS) is set to release its Q416 earnings data on Thursday, November 17th. Analysts expect Geospace Technologies Corp. to post earnings of ($0.46) per share and revenue of $18.50 million for the quarter.
Shares of Geospace Technologies Corp. (NASDAQ:GEOS) opened at 21.79 on Tuesday. The firm has a 50-day moving average price of $18.96 and a 200 day moving average price of $17.63. The stock’s market cap is $290.42 million. Geospace Technologies Corp. has a 12-month low of $7.62 and a 12-month high of $22.36.
Separately, Zacks Investment Research downgraded Geospace Technologies Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, October 18th.
Large investors have recently added to or reduced their stakes in the stock. D. E. Shaw & Co. Inc. purchased a new stake in Geospace Technologies Corp. during the third quarter valued at approximately $789,000. The Manufacturers Life Insurance Company purchased a new stake in Geospace Technologies Corp. during the third quarter valued at approximately $183,000. Principal Financial Group Inc. boosted its stake in Geospace Technologies Corp. by 2.8% in the third quarter. Principal Financial Group Inc. now owns 96,423 shares of the company’s stock valued at $1,878,000 after buying an additional 2,637 shares during the period. Northern Trust Corp boosted its stake in Geospace Technologies Corp. by 3.2% in the third quarter. Northern Trust Corp now owns 150,664 shares of the company’s stock valued at $2,935,000 after buying an additional 4,716 shares during the period. Finally, California State Teachers Retirement System boosted its stake in Geospace Technologies Corp. by 0.7% in the third quarter. California State Teachers Retirement System now owns 27,621 shares of the company’s stock valued at $538,000 after buying an additional 200 shares during the period. 86.17% of the stock is owned by institutional investors.
Geospace Technologies Corp. Company Profile
Geospace Technologies Corporation designs and manufactures instruments and equipment used in the oil and gas industry to acquire seismic data in order to locate, characterize and monitor hydrocarbon producing reservoirs. The Company operates in two segments: Seismic and Non-Seismic. Its seismic product lines consist of land and marine nodal data acquisition systems, permanent land and seabed reservoir monitoring products and services, geophones and geophone strings, hydrophones, leader wire, connectors, telemetry cables, marine streamer retrieval and steering devices, and various other products.
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