Apergy (APY) Announces Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Apergy (NYSE:APY) posted its earnings results on Wednesday. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.05, MarketWatch Earnings reports. The company had revenue of $316.47 million for the quarter, compared to the consensus estimate of $321.60 million.

NYSE:APY opened at $38.99 on Thursday. Apergy has a 52 week low of $33.35 and a 52 week high of $46.11. The company has a current ratio of 2.31, a quick ratio of 1.36 and a debt-to-equity ratio of 0.75.

Several equities analysts have recently commented on the company. Zacks Investment Research lowered Apergy from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. Wolfe Research assumed coverage on Apergy in a report on Wednesday, October 10th. They set an “outperform” rating for the company. Cowen upped their target price on Apergy from $37.00 to $39.00 and gave the company a “market perform” rating in a report on Tuesday, August 7th. Citigroup upped their target price on Apergy from $46.00 to $52.00 and gave the company a “buy” rating in a report on Wednesday, July 11th. Finally, Jefferies Financial Group assumed coverage on Apergy in a report on Tuesday, July 17th. They set a “buy” rating and a $50.00 target price for the company. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $46.50.

Apergy Company Profile

Apergy Corporation provides engineered equipment and technologies that help companies drill for and produce oil and gas worldwide. The company operates through Production & Automation Technologies and Drilling Technologies segments. The Production & Automation Technologies segment offers artificial lift equipment and solutions, including rod pumping systems, electric submersible pump systems, progressive cavity pumps, and drive systems and plunger lifts, as well as automation equipment, software, and industrial Internet of things solutions for downhole monitoring, wellsite productivity enhancement, and asset integrity management.

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