Wall Street brokerages expect Hornbeck Offshore Services, Inc. (NYSE:HOS) to announce earnings per share of ($0.77) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Hornbeck Offshore Services’ earnings, with the highest EPS estimate coming in at ($0.69) and the lowest estimate coming in at ($0.85). Hornbeck Offshore Services posted earnings of ($0.44) per share during the same quarter last year, which suggests a negative year-over-year growth rate of 75%. The firm is scheduled to issue its next earnings report on Wednesday, February 6th.
On average, analysts expect that Hornbeck Offshore Services will report full-year earnings of ($3.19) per share for the current fiscal year, with EPS estimates ranging from ($3.33) to ($3.04). For the next financial year, analysts anticipate that the business will post earnings of ($2.48) per share, with EPS estimates ranging from ($2.71) to ($2.24). Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Hornbeck Offshore Services.
Hornbeck Offshore Services (NYSE:HOS) last released its quarterly earnings results on Wednesday, October 31st. The oil and gas company reported ($0.78) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.70) by ($0.08). Hornbeck Offshore Services had a negative net margin of 0.54% and a negative return on equity of 7.90%. The business had revenue of $58.47 million for the quarter, compared to analyst estimates of $61.23 million.
Several research firms have recently commented on HOS. ValuEngine cut Hornbeck Offshore Services from a “buy” rating to a “hold” rating in a research note on Tuesday, September 4th. Zacks Investment Research upgraded Hornbeck Offshore Services from a “sell” rating to a “hold” rating in a report on Wednesday, October 3rd.
HOS stock traded up $0.01 during midday trading on Monday, reaching $2.69. 212,955 shares of the company’s stock traded hands, compared to its average volume of 134,598. The stock has a market capitalization of $100.76 million, a price-to-earnings ratio of -1.08 and a beta of 1.91. Hornbeck Offshore Services has a 1-year low of $2.63 and a 1-year high of $6.14. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.07 and a quick ratio of 1.07.
A number of hedge funds have recently bought and sold shares of the business. Gagnon Securities LLC lifted its holdings in Hornbeck Offshore Services by 94.6% during the second quarter. Gagnon Securities LLC now owns 31,469 shares of the oil and gas company’s stock worth $125,000 after acquiring an additional 15,294 shares in the last quarter. Northern Trust Corp lifted its holdings in Hornbeck Offshore Services by 18.5% during the second quarter. Northern Trust Corp now owns 129,572 shares of the oil and gas company’s stock worth $513,000 after acquiring an additional 20,256 shares in the last quarter. Royal Bank of Canada lifted its holdings in Hornbeck Offshore Services by 154.1% during the first quarter. Royal Bank of Canada now owns 48,550 shares of the oil and gas company’s stock worth $141,000 after acquiring an additional 29,440 shares in the last quarter. Bridgeway Capital Management Inc. bought a new position in Hornbeck Offshore Services during the third quarter worth about $671,000. Finally, Millennium Management LLC lifted its holdings in Hornbeck Offshore Services by 59.1% during the first quarter. Millennium Management LLC now owns 404,031 shares of the oil and gas company’s stock worth $1,176,000 after acquiring an additional 150,066 shares in the last quarter. Hedge funds and other institutional investors own 62.47% of the company’s stock.
About Hornbeck Offshore Services
Hornbeck Offshore Services, Inc, together with its subsidiaries, provides marine transportation, subsea installation, and accommodation support services to exploration and production, oilfield service, offshore construction, and the U.S. military customers. It operates offshore supply vessels (OSVs), multi-purpose support vessels (MPSVs), and a shore-based facility to provide logistics support and specialty services to the offshore oil and gas exploration and production industry, primarily in the U.S.
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