Analysts expect Keane Group Inc (NYSE:FRAC) to announce $556.91 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Keane Group’s earnings, with estimates ranging from $542.50 million to $580.50 million. Keane Group reported sales of $477.30 million during the same quarter last year, which indicates a positive year over year growth rate of 16.7%. The firm is scheduled to issue its next quarterly earnings results after the market closes on Wednesday, October 31st.

According to Zacks, analysts expect that Keane Group will report full-year sales of $2.18 billion for the current financial year, with estimates ranging from $2.15 billion to $2.25 billion. For the next fiscal year, analysts forecast that the business will report sales of $2.21 billion, with estimates ranging from $2.07 billion to $2.46 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Keane Group.

Keane Group (NYSE:FRAC) last released its quarterly earnings results on Monday, July 30th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.29 by $0.06. The firm had revenue of $578.50 million for the quarter, compared to analyst estimates of $558.88 million. Keane Group had a return on equity of 20.43% and a net margin of 3.40%. Keane Group’s revenue for the quarter was up 79.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.11) EPS.

Several research firms recently commented on FRAC. Zacks Investment Research raised Keane Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 2nd. Jefferies Financial Group set a $18.00 price target on Keane Group and gave the stock a “buy” rating in a research report on Tuesday, July 31st. ValuEngine raised Keane Group from a “sell” rating to a “hold” rating in a research report on Tuesday, July 31st. Capital One Financial reissued an “overweight” rating on shares of Keane Group in a research report on Tuesday, July 31st. Finally, BMO Capital Markets set a $18.00 target price on Keane Group and gave the company a “buy” rating in a research report on Wednesday, July 11th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and sixteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $19.85.

Keane Group stock traded up $0.17 during midday trading on Friday, hitting $13.20. 666,329 shares of the company were exchanged, compared to its average volume of 1,430,181. The firm has a market capitalization of $1.36 billion, a PE ratio of 82.50, a price-to-earnings-growth ratio of 0.32 and a beta of -0.54. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.51 and a current ratio of 1.68. Keane Group has a fifty-two week low of $10.12 and a fifty-two week high of $19.83.

Several institutional investors and hedge funds have recently made changes to their positions in FRAC. Wells Fargo & Company MN raised its position in shares of Keane Group by 24.2% during the 1st quarter. Wells Fargo & Company MN now owns 217,514 shares of the company’s stock valued at $3,219,000 after acquiring an additional 42,353 shares in the last quarter. Rhumbline Advisers raised its position in shares of Keane Group by 43.7% during the 1st quarter. Rhumbline Advisers now owns 48,601 shares of the company’s stock valued at $719,000 after acquiring an additional 14,778 shares in the last quarter. Prudential Financial Inc. acquired a new stake in shares of Keane Group during the 1st quarter valued at approximately $2,082,000. Swiss National Bank raised its position in shares of Keane Group by 45.1% during the 1st quarter. Swiss National Bank now owns 83,000 shares of the company’s stock valued at $1,228,000 after acquiring an additional 25,800 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Keane Group by 134.2% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 362,015 shares of the company’s stock valued at $5,358,000 after acquiring an additional 207,413 shares in the last quarter. 86.98% of the stock is currently owned by institutional investors.

Keane Group Company Profile

Keane Group, Inc provides integrated well completion services primarily in the United States. Its principal service offerings include horizontal and vertical fracturing, wireline perforation and logging, and engineered solutions, as well as other value-added services. The company also provides cementing and drilling services; and engineering software and technical guidance for remedial cementing applications and acidizing.

Further Reading: Conference Calls

Get a free copy of the Zacks research report on Keane Group (FRAC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Keane Group (NYSE:FRAC)

Receive News & Ratings for Keane Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Keane Group and related companies with MarketBeat.com's FREE daily email newsletter.