Shimmick (SHIM) to Release Quarterly Earnings on Tuesday

Shimmick (NASDAQ:SHIM) is set to post its quarterly earnings results before the market opens on Tuesday, November 12th. Analysts expect Shimmick to post earnings of ($0.38) per share for the quarter. Parties that wish to listen to the company’s earnings conference call can do so using this link.

Shimmick (NASDAQ:SHIM) last posted its quarterly earnings data on Thursday, August 15th. The company reported ($1.83) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.36) by ($1.47). The company had revenue of $90.61 million for the quarter, compared to analysts’ expectations of $120.00 million. Shimmick had a negative return on equity of 134.28% and a negative net margin of 12.90%. On average, analysts expect Shimmick to post $-4 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Shimmick Trading Up 5.4 %

NASDAQ:SHIM opened at $2.14 on Friday. Shimmick has a 12-month low of $1.47 and a 12-month high of $7.99. The firm has a market cap of $71.88 million and a PE ratio of -0.93. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 151.25. The stock has a fifty day moving average price of $2.45 and a 200 day moving average price of $2.54.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SHIM. Roth Mkm lowered their price objective on Shimmick from $3.50 to $3.00 and set a “neutral” rating for the company in a research report on Monday, August 19th. Craig Hallum lowered their price target on shares of Shimmick from $4.00 to $3.00 and set a “hold” rating for the company in a report on Monday, August 19th.

About Shimmick

Shimmick Corporation provides water and other critical infrastructure solutions in the United States. The company undertakes water and wastewater treatment infrastructure; water storage and conveyance, including dams, levees, flood control systems, pump stations, and coastal protection infrastructure; and mass transit, bridges, and military infrastructure projects.