Perma-Fix Environmental Services (NASDAQ:PESI) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Perma-Fix Environmental Services (NASDAQ:PESIGet Free Report) released its earnings results on Tuesday. The industrial products company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.01), Zacks reports. Perma-Fix Environmental Services had a negative net margin of 30.06% and a negative return on equity of 28.55%. The firm had revenue of $12.89 million during the quarter, compared to analysts’ expectations of $12.90 million.

Perma-Fix Environmental Services Stock Performance

PESI stock opened at $19.43 on Thursday. The stock has a market capitalization of $411.92 million, a PE ratio of -20.24 and a beta of 0.46. The stock’s 50 day simple moving average is $14.08 and its 200 day simple moving average is $13.02. Perma-Fix Environmental Services has a 12-month low of $8.02 and a 12-month high of $21.32. The company has a current ratio of 1.25, a quick ratio of 1.17 and a debt-to-equity ratio of 0.04.

Institutional Investors Weigh In On Perma-Fix Environmental Services

A number of hedge funds have recently added to or reduced their stakes in the stock. Deutsche Bank AG increased its position in Perma-Fix Environmental Services by 18,936.5% in the fourth quarter. Deutsche Bank AG now owns 11,993 shares of the industrial products company’s stock worth $151,000 after buying an additional 11,930 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Perma-Fix Environmental Services during the 4th quarter valued at approximately $289,000. Verition Fund Management LLC bought a new position in shares of Perma-Fix Environmental Services during the 3rd quarter valued at approximately $146,000. Jane Street Group LLC purchased a new stake in Perma-Fix Environmental Services in the 2nd quarter worth approximately $232,000. Finally, Marshall Wace LLP bought a new stake in Perma-Fix Environmental Services during the 2nd quarter worth approximately $194,000. 25.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Wall Street Zen cut Perma-Fix Environmental Services from a “sell” rating to a “strong sell” rating in a research note on Sunday, May 17th. Weiss Ratings raised Perma-Fix Environmental Services from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, June 25th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

View Our Latest Stock Report on PESI

Perma-Fix Environmental Services Company Profile

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Perma-Fix Environmental Services, Inc (NASDAQ: PESI) is a specialized provider of environmental and nuclear waste management solutions. The company offers a comprehensive suite of services, including treatment, recycling, processing, volume reduction and disposal of hazardous, radioactive and mixed wastes. Its capabilities span thermal, chemical and physical treatment technologies, supported by a network of licensed facilities designed to handle complex waste streams.

Founded in 1994 and headquartered in Atlanta, Georgia, Perma-Fix has grown both organically and through strategic acquisitions.

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Earnings History for Perma-Fix Environmental Services (NASDAQ:PESI)

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