Layne Christensen (NASDAQ:LAYN) released its quarterly earnings data on Tuesday. The construction company reported ($0.11) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.07), Briefing.com reports. Layne Christensen had a negative net margin of 12.66% and a negative return on equity of 35.55%. The firm had revenue of $127.43 million during the quarter, compared to the consensus estimate of $131.12 million. During the same quarter in the prior year, the company earned ($0.26) EPS. Layne Christensen’s quarterly revenue was up 5.7% on a year-over-year basis.

Layne Christensen (NASDAQ:LAYN) opened at $12.90 on Wednesday. The company has a debt-to-equity ratio of 2.93, a current ratio of 1.54 and a quick ratio of 1.38. Layne Christensen has a one year low of $6.98 and a one year high of $13.64.

LAYN has been the subject of a number of research analyst reports. ValuEngine raised shares of Layne Christensen from a “sell” rating to a “hold” rating in a research note on Wednesday, September 13th. Jefferies Group reaffirmed a “hold” rating and issued a $11.00 target price (up from $9.00) on shares of Layne Christensen in a research note on Thursday, September 14th. Finally, Zacks Investment Research lowered shares of Layne Christensen from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th.

An institutional investor recently raised its position in Layne Christensen stock. State Street Corp lifted its holdings in shares of Layne Christensen Company (NASDAQ:LAYN) by 9.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 280,282 shares of the construction company’s stock after buying an additional 25,213 shares during the period. State Street Corp owned about 1.41% of Layne Christensen worth $2,465,000 at the end of the most recent quarter. Institutional investors and hedge funds own 92.03% of the company’s stock.

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Layne Christensen Company Profile

Layne Christensen Company (Layne) is a water management, construction and drilling company. The Company provides drilling solutions for water management, mineral services and specialty drilling needs. The Company operates through three segments: Water Resources, Inliner and Mineral Services. Its Water Resources segment provides its customers with solutions for various aspects of water supply system development and technology throughout the United States.

Earnings History for Layne Christensen (NASDAQ:LAYN)

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