Wall Street brokerages expect that Keane Group Inc (NYSE:FRAC) will report earnings per share (EPS) of ($0.05) for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Keane Group’s earnings. The lowest EPS estimate is ($0.12) and the highest is $0.06. Keane Group reported earnings per share of $0.34 in the same quarter last year, which indicates a negative year over year growth rate of 114.7%. The company is expected to announce its next earnings results on Monday, February 25th.

According to Zacks, analysts expect that Keane Group will report full-year earnings of $0.60 per share for the current financial year, with EPS estimates ranging from $0.55 to $0.65. For the next fiscal year, analysts expect that the business will post earnings of $0.38 per share, with EPS estimates ranging from ($0.50) to $1.41. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Keane Group.

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

A number of brokerages have recently weighed in on FRAC. JPMorgan Chase & Co. cut their price objective on Keane Group from $25.00 to $18.00 and set an “overweight” rating on the stock in a research report on Monday, September 17th. Bank of America began coverage on Keane Group in a research report on Wednesday, October 17th. They issued a “buy” rating on the stock. Cowen began coverage on Keane Group in a research report on Saturday, October 13th. They issued a “buy” rating and a $19.00 price objective on the stock. Barclays set a $15.00 price objective on Keane Group and gave the stock a “hold” rating in a research report on Wednesday, October 10th. Finally, Citigroup lifted their price objective on Keane Group from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, August 10th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and eighteen have given a buy rating to the stock. Keane Group has an average rating of “Buy” and a consensus target price of $19.79.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Feinberg Stephen boosted its position in shares of Keane Group by 1.2% during the second quarter. Feinberg Stephen now owns 38,302,898 shares of the company’s stock valued at $507,893,000 after purchasing an additional 450,486 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Keane Group by 17.5% during the second quarter. Janus Henderson Group PLC now owns 5,076,827 shares of the company’s stock valued at $69,400,000 after purchasing an additional 755,319 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Keane Group by 0.8% during the third quarter. Vanguard Group Inc. now owns 4,167,693 shares of the company’s stock valued at $51,555,000 after purchasing an additional 33,691 shares in the last quarter. BlackRock Inc. boosted its position in shares of Keane Group by 19.4% during the second quarter. BlackRock Inc. now owns 3,932,037 shares of the company’s stock valued at $53,750,000 after purchasing an additional 638,306 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its position in shares of Keane Group by 32.4% during the third quarter. Macquarie Group Ltd. now owns 2,615,036 shares of the company’s stock valued at $32,348,000 after purchasing an additional 639,558 shares in the last quarter. Institutional investors own 89.05% of the company’s stock.

Keane Group stock traded down $0.19 during trading hours on Friday, reaching $8.93. The company had a trading volume of 1,139,645 shares, compared to its average volume of 1,005,061. 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 stock has a market capitalization of $954.61 million, a P/E ratio of 55.81, a price-to-earnings-growth ratio of 0.35 and a beta of -0.56. Keane Group has a 12-month low of $8.85 and a 12-month high of $19.83.

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.

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