$-0.04 EPS Expected for Layne Christensen Company (LAYN)

December 3, 2017 – By Marguerite Chambers

Investors sentiment increased to 1.03 in 2017 Q2. Its up 0.17, from 0.86 in 2017Q1. It improved, as 10 investors sold Layne Christensen Company shares while 24 reduced holdings. 15 funds opened positions while 20 raised stakes. 17.48 million shares or 2.94% less from 18.01 million shares in 2017Q1 were reported.
Wynnefield Capital has 5.58% invested in Layne Christensen Company (NASDAQ:LAYN). Guggenheim Capital Limited Liability holds 0% or 14,016 shares. Rock Point Advsr Limited Liability has invested 0.21% in Layne Christensen Company (NASDAQ:LAYN). 11,198 were reported by Amer Int Grp Inc. Nationwide Fund has invested 0% in Layne Christensen Company (NASDAQ:LAYN). 208,100 are owned by California Employees Retirement Systems. Barclays Public Limited Co holds 5,631 shares or 0% of its portfolio. Credit Suisse Ag has 0.01% invested in Layne Christensen Company (NASDAQ:LAYN) for 691,999 shares. 2,801 are held by Legal & General Group Public Ltd Co. Gamco Invsts Et Al reported 1.21 million shares stake. Morgan Stanley invested 0% in Layne Christensen Company (NASDAQ:LAYN). 228,653 were reported by Kbc Nv. First Eagle Invest Mngmt Limited Co has invested 0% in Layne Christensen Company (NASDAQ:LAYN). Deutsche Bancorp Ag holds 78,214 shares or 0% of its portfolio. Pnc holds 200 shares or 0% of its portfolio.

Analysts expect Layne Christensen Company (NASDAQ:LAYN) to report $-0.04 EPS on December, 14.They anticipate $0.13 EPS change or 76.47 % from last quarter’s $-0.17 EPS. After having $-0.11 EPS previously, Layne Christensen Company’s analysts see -63.64 % EPS growth. The stock decreased 0.54% or $0.07 during the last trading session, reaching $12.9. About 125,301 shares traded. Layne Christensen Company (NASDAQ:LAYN) has declined 11.47% since December 3, 2016 and is downtrending. It has underperformed by 28.17% the S&P500.

Layne Christensen Company (NASDAQ:LAYN) Ratings Coverage

Among 3 analysts covering Layne Christensen (NASDAQ:LAYN), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Layne Christensen had 7 analyst reports since August 18, 2015 according to SRatingsIntel. Jefferies maintained the stock with “Hold” rating in Friday, August 4 report. The firm has “Buy” rating given on Tuesday, August 18 by Zacks. The stock of Layne Christensen Company (NASDAQ:LAYN) has “Hold” rating given on Tuesday, September 12 by Jefferies. DA Davidson maintained Layne Christensen Company (NASDAQ:LAYN) rating on Monday, March 7. DA Davidson has “Neutral” rating and $8 target. The stock has “Hold” rating by Jefferies on Friday, June 9. Maxim Group initiated it with “Buy” rating and $8 target in Friday, February 19 report.

Layne Christensen Company operates as a water management, construction, and drilling firm that provides solutions for the water, mineral, and energy markets in the United States and internationally. The company has market cap of $256.48 million. The companyÂ’s Water Resources segment offers water-related services and products, including hydrologic design and construction; source of supply exploration; well and intake construction; and well and pump rehabilitation services. It currently has negative earnings. This segment also provides water treatment equipment engineering services and systems for the treatment of regulated and nuisance contaminants.

More notable recent Layne Christensen Company (NASDAQ:LAYN) news were published by: Seekingalpha.com which released: “Sizing Up Layne Christensen’s Turnaround” on April 26, 2016, also Seekingalpha.com with their article: “Layne Christensen Still Has More Upside” published on July 14, 2017, Seekingalpha.com published: “Treading Water: Layne Christensen” on November 02, 2015. More interesting news about Layne Christensen Company (NASDAQ:LAYN) were released by: Investorplace.com and their article: “3 Stocks to Watch on Tuesday: Kroger Co (KR), Layne Christensen Company (LAYN …” published on September 12, 2017 as well as Prnewswire.com‘s news article titled: “Layne Christensen Reports Fiscal 2017 Fourth Quarter And Full Year Results” with publication date: April 10, 2017.