Q1 2024 Earnings Estimate for Perma-Fix Environmental Services, Inc. Issued By Sidoti Csr (NASDAQ:PESI)

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) – Equities research analysts at Sidoti Csr reduced their Q1 2024 earnings per share estimates for shares of Perma-Fix Environmental Services in a report issued on Thursday, April 11th. Sidoti Csr analyst B. Russo now expects that the industrial products company will earn ($0.25) per share for the quarter, down from their previous estimate of ($0.02). The consensus estimate for Perma-Fix Environmental Services’ current full-year earnings is ($0.11) per share. Sidoti Csr also issued estimates for Perma-Fix Environmental Services’ FY2024 earnings at ($0.11) EPS.

Perma-Fix Environmental Services (NASDAQ:PESI) last posted its quarterly earnings results on Wednesday, March 13th. The industrial products company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.01. The company had revenue of $22.72 million during the quarter, compared to the consensus estimate of $22.30 million. Perma-Fix Environmental Services had a return on equity of 2.38% and a net margin of 0.54%.

A number of other brokerages have also recently issued reports on PESI. StockNews.com cut Perma-Fix Environmental Services from a “buy” rating to a “hold” rating in a report on Tuesday. TheStreet raised Perma-Fix Environmental Services from a “d+” rating to a “c-” rating in a report on Thursday, February 22nd.

Perma-Fix Environmental Services Stock Down 0.3 %

PESI stock opened at $11.20 on Monday. The stock has a fifty day moving average of $9.68 and a 200-day moving average of $8.83. The company has a market capitalization of $153.10 million, a price-to-earnings ratio of 373.46 and a beta of 0.51. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.13 and a current ratio of 1.18. Perma-Fix Environmental Services has a fifty-two week low of $6.51 and a fifty-two week high of $14.17.

Institutional Trading of Perma-Fix Environmental Services

Several institutional investors and hedge funds have recently modified their holdings of PESI. Morgan Dempsey Capital Management LLC raised its holdings in shares of Perma-Fix Environmental Services by 1,146.7% in the 1st quarter. Morgan Dempsey Capital Management LLC now owns 253,143 shares of the industrial products company’s stock valued at $1,400,000 after acquiring an additional 232,838 shares in the last quarter. Charles Schwab Investment Management Inc. purchased a new position in shares of Perma-Fix Environmental Services during the 1st quarter valued at about $58,000. State Street Corp grew its position in Perma-Fix Environmental Services by 5.4% during the 1st quarter. State Street Corp now owns 61,182 shares of the industrial products company’s stock worth $338,000 after acquiring an additional 3,147 shares during the last quarter. UBS Group AG grew its position in Perma-Fix Environmental Services by 4,262.6% during the 3rd quarter. UBS Group AG now owns 52,787 shares of the industrial products company’s stock worth $236,000 after acquiring an additional 51,577 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Perma-Fix Environmental Services by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 94,958 shares of the industrial products company’s stock worth $335,000 after acquiring an additional 1,742 shares during the last quarter. Hedge funds and other institutional investors own 25.52% of the company’s stock.

About Perma-Fix Environmental Services

Perma-Fix Environmental Services, Inc, through its subsidiaries, operates as an environmental and technology know-how company in the United States. The company through Treatment and Services segments. The Treatment segment offers nuclear, low-level radioactive, mixed waste, hazardous and non-hazardous waste treatment, and processing and disposal services through treatment and storage facilities.