Shimmick (NASDAQ:SHIM) Issues Quarterly Earnings Results, Misses Expectations By $0.62 EPS

Shimmick (NASDAQ:SHIM) released its earnings results on Thursday. The company reported ($0.91) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.29) by ($0.62), RTT News reports. Shimmick had a negative return on equity of 355.53% and a negative net margin of 20.16%. The firm had revenue of $103.55 million during the quarter, compared to analysts’ expectations of $118.90 million. During the same period in the prior year, the company posted ($0.59) earnings per share.

Shimmick Trading Down 1.8 %

SHIM stock opened at $1.67 on Friday. Shimmick has a 1-year low of $1.47 and a 1-year high of $7.75. The company has a debt-to-equity ratio of 58.60, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market capitalization of $56.44 million, a price-to-earnings ratio of -0.43 and a beta of 0.59. The business has a 50 day simple moving average of $2.27 and a two-hundred day simple moving average of $2.43.

Shimmick Company Profile

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.