Perma-Fix Environmental Services (NASDAQ:PESI) Releases Earnings Results, Misses Expectations By $0.01 EPS

Perma-Fix Environmental Services (NASDAQ:PESI) posted its quarterly earnings data on Tuesday. The industrial products company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.31) by ($0.01), Zacks reports. Perma-Fix Environmental Services had a negative return on equity of 28.55% and a negative net margin of 30.06%.The company had revenue of $12.89 million during the quarter, compared to the consensus estimate of $12.90 million.

Perma-Fix Environmental Services Stock Up 11.3%

Shares of NASDAQ:PESI opened at $19.43 on Thursday. The company has a 50 day moving average price of $14.08 and a two-hundred day moving average price of $13.02. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.17 and a current ratio of 1.25. The company has a market capitalization of $411.92 million, a PE ratio of -20.24 and a beta of 0.46. Perma-Fix Environmental Services has a 52 week low of $8.02 and a 52 week high of $21.32.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Weiss Ratings upgraded Perma-Fix Environmental Services from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, June 25th. Wall Street Zen lowered shares of Perma-Fix Environmental Services from a “sell” rating to a “strong sell” rating in a report on Sunday, May 17th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Institutional Trading of Perma-Fix Environmental Services

A number of large investors have recently made changes to their positions in the company. BNP Paribas Financial Markets lifted its holdings in Perma-Fix Environmental Services by 102.9% during the third quarter. BNP Paribas Financial Markets now owns 3,350 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 1,699 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Perma-Fix Environmental Services by 18.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,849 shares of the industrial products company’s stock worth $72,000 after purchasing an additional 1,515 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in shares of Perma-Fix Environmental Services during the first quarter worth about $77,000. MetLife Investment Management LLC lifted its holdings in shares of Perma-Fix Environmental Services by 171.6% during the 4th quarter. MetLife Investment Management LLC now owns 9,154 shares of the industrial products company’s stock valued at $115,000 after purchasing an additional 5,784 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Perma-Fix Environmental Services by 18.4% during the 1st quarter. Rhumbline Advisers now owns 17,204 shares of the industrial products company’s stock valued at $125,000 after purchasing an additional 2,671 shares in the last quarter. Institutional investors own 25.52% of the company’s stock.

Perma-Fix Environmental Services Company Profile

Perma-Fix Environmental Services, Inc (NASDAQ: PESI) is a specialized provider of environmental and nuclear waste management solutions. The company offers a comprehensive suite of services, including treatment, recycling, processing, volume reduction and disposal of hazardous, radioactive and mixed wastes. Its capabilities span thermal, chemical and physical treatment technologies, supported by a network of licensed facilities designed to handle complex waste streams.

Founded in 1994 and headquartered in Atlanta, Georgia, Perma-Fix has grown both organically and through strategic acquisitions.