Gulf Island Fabrication (NASDAQ:GIFI) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Gulf Island Fabrication (NASDAQ:GIFI) released its earnings results on Tuesday. The oil and gas company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01, Zacks reports. Gulf Island Fabrication had a negative net margin of 13.47% and a negative return on equity of 22.34%. The company had revenue of $37.64 million for the quarter.

Gulf Island Fabrication Price Performance

GIFI traded up $0.92 during trading on Thursday, reaching $6.94. 79,623 shares of the company traded hands, compared to its average volume of 58,338. The company has a market cap of $114.62 million, a P/E ratio of 6.23 and a beta of 0.48. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.80 and a current ratio of 3.89. Gulf Island Fabrication has a 12-month low of $3.81 and a 12-month high of $7.93. The firm has a fifty day simple moving average of $5.53 and a 200 day simple moving average of $6.09.

About Gulf Island Fabrication

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.