Analysts expect that Keane Group Inc (NYSE:FRAC) will announce $483.85 million in sales for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Keane Group’s earnings, with estimates ranging from $470.00 million to $495.20 million. Keane Group posted sales of $501.49 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 3.5%. The business is scheduled to issue its next quarterly earnings results on Monday, February 25th.

According to Zacks, analysts expect that Keane Group will report full year sales of $2.15 billion for the current fiscal year, with estimates ranging from $2.12 billion to $2.22 billion. For the next financial year, analysts forecast that the company will post sales of $2.19 billion, with estimates ranging from $2.07 billion to $2.42 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Keane Group.

Keane Group (NYSE:FRAC) last issued its quarterly earnings results on Wednesday, October 31st. The company reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.09. The company had revenue of $558.91 million for the quarter, compared to analyst estimates of $545.56 million. Keane Group had a net margin of 4.51% and a return on equity of 25.19%. The business’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.04 earnings per share.

A number of analysts recently weighed in on FRAC shares. Zacks Investment Research upgraded shares of Keane Group from a “sell” rating to a “hold” rating in a research note on Thursday, August 2nd. Jefferies Financial Group set a $18.00 target price on shares of Keane Group and gave the stock a “buy” rating in a research note on Tuesday, July 31st. ValuEngine upgraded shares of Keane Group from a “sell” rating to a “hold” rating in a research note on Tuesday, July 31st. Capital One Financial restated an “overweight” rating on shares of Keane Group in a research note on Tuesday, July 31st. Finally, Wells Fargo & Co upgraded shares of Keane Group from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $13.00 to $16.00 in a research note on Friday, November 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and seventeen have issued a buy rating to the company. Keane Group currently has an average rating of “Buy” and a consensus target price of $19.91.

NYSE:FRAC traded down $0.53 on Friday, reaching $11.60. 54,551 shares of the company’s stock were exchanged, compared to its average volume of 1,047,798. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.46 and a quick ratio of 1.35. The firm has a market capitalization of $1.39 billion, a PE ratio of 74.34, a price-to-earnings-growth ratio of 0.45 and a beta of -0.50. Keane Group has a 52-week low of $10.12 and a 52-week high of $19.83.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Meeder Asset Management Inc. boosted its holdings in Keane Group by 439.9% in the second quarter. Meeder Asset Management Inc. now owns 7,996 shares of the company’s stock valued at $109,000 after purchasing an additional 6,515 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of Keane Group in the second quarter valued at approximately $140,000. Verition Fund Management LLC acquired a new stake in shares of Keane Group in the second quarter valued at approximately $148,000. FDx Advisors Inc. acquired a new stake in shares of Keane Group in the third quarter valued at approximately $151,000. Finally, Cubist Systematic Strategies LLC boosted its holdings in shares of Keane Group by 638.3% in the first quarter. Cubist Systematic Strategies LLC now owns 12,574 shares of the company’s stock valued at $186,000 after acquiring an additional 10,871 shares during the period. 88.11% of the stock is owned by hedge funds and other institutional investors.

About Keane Group

Keane Group, Inc provides integrated well completion services primarily in the United States. Its principal service offerings include horizontal and vertical fracturing, wireline perforation and logging, and engineered solutions, as well as other value-added services. The company also provides cementing and drilling services; and engineering software and technical guidance for remedial cementing applications and acidizing.

Featured Story: Why do companies engage in swaps?

Get a free copy of the Zacks research report on Keane Group (FRAC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Keane Group (NYSE:FRAC)

Receive News & Ratings for Keane Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Keane Group and related companies with MarketBeat.com's FREE daily email newsletter.