|Bid||0.5610 x 1100|
|Ask||0.5800 x 2900|
|Day's Range||0.5500 - 0.5977|
|52 Week Range||0.1500 - 2.0100|
|Beta (5Y Monthly)||4.20|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 06, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.55|
Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its third quarter 2020 earnings at 9:00 AM CDT on Friday, November 6, 2020. Forum will issue a press release regarding its third quarter 2020 earnings prior to the conference call.
Forum Energy Technologies, Inc. (NYSE: FET) today announced second quarter 2020 revenue of $113 million, a decrease of $69 million from the first quarter 2020. Net loss for the quarter was $5 million, or $0.05 per diluted share, compared to a net loss of $37 million, or $0.33 per diluted share, for the first quarter 2020. Excluding $27 million, or $0.24 per share of special items, adjusted net loss was $0.29 per diluted share in the second quarter 2020, compared to an adjusted net loss of $0.20 per diluted share in the first quarter 2020. Adjusted EBITDA was $(11.6) million in the second quarter 2020, a decrease of approximately $16.1 million from the first quarter 2020.
Moody's assigned a Caa3 rating to Forum's convertible senior secured notes due 2025. Moody's upgraded the rating on the remainder of the existing senior unsecured notes due 2021 to Ca from C. The outlook was changed to stable from negative.