Revenue Update on Layne Christensen Company(NASDAQ:LAYN)

Layne Christensen Company(NASDAQ:LAYN) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-hours on Apr 12, 2016. Company reported revenue of $159.24M. Analysts estimated a revenue of $156.10M. Earnings per share were $-0.54. Analysts had estimated an EPS of $-0.38.

In a different note, On Mar 7, 2016, DA Davidson said it Maintains its rating on Layne Christensen Company. In the research note, the firm Removes the price-target to $4.50 per share. The shares have been rated ‘Neutral’ by the firm.

Layne Christensen Company (LAYN) made into the market gainers list on Fridays trading session with the shares advancing 5.88% or 0.43 points. Due to strong positive momentum, the stock ended at $7.74, which is also near the day’s high of $8.11. The stock began the session at $7.34 and the volume stood at 2,31,363 shares. The 52-week high of the shares is $10.51 and the 52 week low is $3.75. The company has a current market capitalization of $153 M and it has 1,98,02,596 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jan 19, 2016, J Michael Anderson (CFO) purchased 2,000 shares at $5.13 per share price.Also, On Jan 6, 2016, Nelson Obus (director) purchased 289,191 shares at $5.25 per share price.On Dec 28, 2015, David A B Brown (CEO) purchased 15,000 shares at $4.78 per share price, according to the Form-4 filing with the securities and exchange commission.

Layne Christensen Company (Layne) is a water management construction and drilling company. Layne provides water mineral and energy solutions. Its business segments are Water Resources Inliner Heavy Civil Geoconstruction Mineral Services and Energy Services. Water Resources segment provides solutions for water supply system development and technology. Inliner is a service rehabilitation company offering solutions for wastewater storm water and process sewer pipeline networks. Heavy Civil segment delivers solutions to Government agencies and industrial clients by overseeing the design and construction of water and wastewater treatment plants and pipeline installation. Geoconstruction segment provides specialized geotechnical foundation construction services. Mineral Services conducts above ground drilling activities including core drilling reverse circulation dual tube hammer and rotary air-blast methods. Energy Services segment focuses on bringing water management solutions.

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