Gulf Island Fabrication (NASDAQ:GIFI) Announces Earnings Results, Misses Estimates By $0.23 EPS

Gulf Island Fabrication (NASDAQ:GIFI) posted its quarterly earnings data on Monday. The oil and gas company reported ($0.34) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.23), Bloomberg Earnings reports. Gulf Island Fabrication had a negative net margin of 7.83% and a negative return on equity of 8.85%. The business had revenue of $80.46 million for the quarter.

GIFI traded up $0.03 during trading hours on Tuesday, reaching $6.83. 105 shares of the company’s stock traded hands, compared to its average volume of 32,189. The company’s 50-day moving average price is $7.10. Gulf Island Fabrication has a 52-week low of $6.38 and a 52-week high of $10.45.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. increased its holdings in shares of Gulf Island Fabrication by 3.1% during the fourth quarter. BlackRock Inc. now owns 1,394,159 shares of the oil and gas company’s stock valued at $10,065,000 after acquiring an additional 42,466 shares in the last quarter. Municipal Employees Retirement System of Michigan bought a new position in shares of Gulf Island Fabrication during the fourth quarter valued at $28,000. Deutsche Bank AG increased its holdings in shares of Gulf Island Fabrication by 2,282.8% during the fourth quarter. Deutsche Bank AG now owns 4,146 shares of the oil and gas company’s stock valued at $29,000 after acquiring an additional 3,972 shares in the last quarter. Investors Research Corp bought a new position in shares of Gulf Island Fabrication during the first quarter valued at $29,000. Finally, Raymond James Financial Services Advisors Inc. bought a new position in shares of Gulf Island Fabrication during the first quarter valued at $689,000. Institutional investors own 66.32% of the company’s stock.

Gulf Island Fabrication Company Profile

Gulf Island Fabrication, Inc, together with its subsidiaries, operates as a fabricator of steel structures, modules, and marine vessels in the United States. It operates through in segments: Fabrication, Shipyard, Services, and EPC. The Fabrication segment fabricates modules for petrochemical and industrial facilities, foundations for alternative energy developments, and other steel structures.

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Earnings History for Gulf Island Fabrication (NASDAQ:GIFI)

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