Profire Energy (PFIE) to Release Earnings on Wednesday

Profire Energy (NASDAQ:PFIE) is scheduled to post its quarterly earnings results after the market closes on Wednesday, August 7th. Analysts expect Profire Energy to post earnings of $0.03 per share for the quarter.

Profire Energy (NASDAQ:PFIE) last posted its earnings results on Wednesday, May 8th. The oil and gas company reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.01). Profire Energy had a net margin of 13.26% and a return on equity of 13.03%. The business had revenue of $10.83 million for the quarter, compared to analysts’ expectations of $11.23 million. On average, analysts expect Profire Energy to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

NASDAQ:PFIE traded down $0.04 during mid-day trading on Tuesday, hitting $1.33. 105 shares of the company’s stock traded hands, compared to its average volume of 81,606. The business has a 50 day simple moving average of $1.50. Profire Energy has a 1 year low of $1.25 and a 1 year high of $3.74. The stock has a market capitalization of $64.82 million, a P/E ratio of 11.17 and a beta of 1.80.

PFIE has been the subject of several recent research reports. Chardan Capital restated a “hold” rating on shares of Profire Energy in a report on Tuesday, May 14th. ValuEngine upgraded shares of Profire Energy from a “strong sell” rating to a “sell” rating in a report on Thursday, August 1st. TheStreet downgraded shares of Profire Energy from a “b-” rating to a “c+” rating in a report on Tuesday, May 21st. Zacks Investment Research upgraded shares of Profire Energy from a “sell” rating to a “hold” rating in a report on Tuesday, May 7th. Finally, Aegis initiated coverage on shares of Profire Energy in a report on Monday, July 8th. They set a “buy” rating and a $4.00 target price for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $4.19.

About Profire Energy

Profire Energy, Inc, an oilfield technology company, provides burner- and chemical-management products and services for the oil and gas industry in North America. It assists energy production companies in the production and transportation of oil and natural gas. Its products include PF3100, a burner-management system, which is designed to operate, monitor, control, and manage various complex and multi-faceted oilfield appliances; safety and monitoring devices, such as shut-down and temperature valves, pressure transmitters and switches, burners, pilots, and other combustion related equipment; and chemical-management systems to monitor and manage chemical-injection process to ensure that optimal levels of chemicals are injected.

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Earnings History for Profire Energy (NASDAQ:PFIE)

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