Gulf Island Fabrication (NASDAQ:GIFI) Announces Quarterly Earnings Results

Gulf Island Fabrication (NASDAQ:GIFI) posted its quarterly earnings data on Tuesday. The oil and gas company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.13 by $0.01, Zacks reports. The company had revenue of $37.64 million during the quarter. Gulf Island Fabrication had a negative net margin of 13.47% and a negative return on equity of 22.34%.

Gulf Island Fabrication Trading Up 14.6 %

Shares of GIFI traded up $0.88 during trading hours on Thursday, reaching $6.90. 76,204 shares of the company traded hands, compared to its average volume of 58,322. The firm has a market cap of $113.96 million, a price-to-earnings ratio of 6.23 and a beta of 0.48. Gulf Island Fabrication has a 12-month low of $3.81 and a 12-month high of $7.93. The company has a current ratio of 3.89, a quick ratio of 3.80 and a debt-to-equity ratio of 0.22. The stock’s fifty day moving average price is $5.53 and its 200 day moving average price is $6.09.

Gulf Island Fabrication Company Profile

Gulf Island Fabrication, Inc, together with its subsidiaries, operates as a fabricator of steel structures and modules in the United States. It operates through Services, Fabrication, and Shipyard divisions. The company provides maintenance, repair, construction, scaffolding, coatings, welding enclosures, and other specialty services on offshore platforms, inland structures, and industrial facilities; services required to connect production equipment and service modules, and equipment on offshore platforms; project management and commissioning services; hookup services; and civil construction and staffing services to the industrial and energy sectors, as well as undertakes municipal and drainage projects, including pump stations, levee reinforcement, bulkheads, and other public works.