Media stories about Layne Christensen (NASDAQ:LAYN) have trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Layne Christensen earned a news sentiment score of 0.11 on Accern’s scale. Accern also gave press coverage about the construction company an impact score of 45.7890685931129 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news stories that may have impacted Accern Sentiment’s analysis:
- City of Benkelman, Nebraska, A Political Subdivision Plaintiff – Appellant v. Layne Christensen Company, a Delaware Corporation Defendant (caselaw.findlaw.com)
- Layne Christensn Shares Up 15.5% Since SmarTrend’s Buy Recommendation (LAYN) (mysmartrend.com)
- Layne Christensen Company (LAYN) Presents At Jefferies 13th Annual Industrials Conference – Slideshow (seekingalpha.com)
- Form 8-K LAYNE CHRISTENSEN CO For: Aug 07 (streetinsider.com)
Several equities research analysts recently issued reports on LAYN shares. Zacks Investment Research lowered shares of Layne Christensen from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Jefferies Group LLC reaffirmed a “hold” rating and set a $9.00 price target on shares of Layne Christensen in a report on Friday, August 4th. Finally, ValuEngine raised shares of Layne Christensen from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Four equities research analysts have rated the stock with a hold rating, Layne Christensen presently has an average rating of “Hold” and a consensus price target of $9.33.
Shares of Layne Christensen (NASDAQ:LAYN) opened at 10.02 on Monday. The company’s 50 day moving average is $9.73 and its 200 day moving average is $8.99. The company’s market capitalization is $198.45 million. Layne Christensen has a one year low of $6.98 and a one year high of $11.42.
Layne Christensen (NASDAQ:LAYN) last announced its earnings results on Thursday, June 8th. The construction company reported ($0.17) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.14. The business had revenue of $111.51 million for the quarter, compared to the consensus estimate of $111.25 million. Layne Christensen had a negative net margin of 11.98% and a negative return on equity of 31.94%. Layne Christensen’s quarterly revenue was down 7.6% on a year-over-year basis. During the same period last year, the firm posted ($0.45) earnings per share. Equities research analysts predict that Layne Christensen will post ($0.45) earnings per share for the current year.
About Layne Christensen
Layne Christensen Company (Layne) is a water management, construction and drilling company. The Company provides drilling solutions for water management, mineral services and specialty drilling needs. The Company operates through three segments: Water Resources, Inliner and Mineral Services. Its Water Resources segment provides its customers with solutions for various aspects of water supply system development and technology throughout the United States.
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