Equities analysts predict that Hornbeck Offshore Services, Inc. (NYSE:HOS) will post $61.23 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Hornbeck Offshore Services’ earnings. The lowest sales estimate is $56.10 million and the highest is $65.60 million. Hornbeck Offshore Services reported sales of $53.67 million during the same quarter last year, which indicates a positive year-over-year growth rate of 14.1%. The business is scheduled to issue its next earnings results on Wednesday, November 7th.
On average, analysts expect that Hornbeck Offshore Services will report full year sales of $218.07 million for the current financial year, with estimates ranging from $207.20 million to $226.10 million. For the next fiscal year, analysts anticipate that the firm will report sales of $283.43 million, with estimates ranging from $270.00 million to $294.90 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Hornbeck Offshore Services.
Hornbeck Offshore Services (NYSE:HOS) last announced its quarterly earnings data on Wednesday, August 1st. The oil and gas company reported ($0.67) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.73) by $0.06. The company had revenue of $58.43 million for the quarter, compared to the consensus estimate of $56.50 million. Hornbeck Offshore Services had a negative return on equity of 7.13% and a net margin of 5.27%.
Hedge funds have recently bought and sold shares of the stock. Gagnon Securities LLC raised its stake in Hornbeck Offshore Services by 94.6% during the 2nd quarter. Gagnon Securities LLC now owns 31,469 shares of the oil and gas company’s stock worth $125,000 after buying an additional 15,294 shares during the period. Royal Bank of Canada raised its stake in Hornbeck Offshore Services by 154.1% during the 1st quarter. Royal Bank of Canada now owns 48,550 shares of the oil and gas company’s stock worth $141,000 after buying an additional 29,440 shares during the period. Sheets Smith Wealth Management acquired a new position in Hornbeck Offshore Services during the 2nd quarter worth approximately $220,000. Northern Trust Corp raised its stake in Hornbeck Offshore Services by 18.5% during the 2nd quarter. Northern Trust Corp now owns 129,572 shares of the oil and gas company’s stock worth $513,000 after buying an additional 20,256 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in Hornbeck Offshore Services by 722.0% during the 1st quarter. JPMorgan Chase & Co. now owns 201,713 shares of the oil and gas company’s stock worth $587,000 after buying an additional 177,174 shares during the period. 60.73% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:HOS traded up $0.06 during midday trading on Monday, reaching $5.49. The company’s stock had a trading volume of 179,095 shares, compared to its average volume of 246,703. The company has a market capitalization of $221.06 million, a price-to-earnings ratio of -2.20 and a beta of 1.28. The company has a debt-to-equity ratio of 0.79, a current ratio of 3.00 and a quick ratio of 3.00. Hornbeck Offshore Services has a fifty-two week low of $2.68 and a fifty-two week high of $6.14.
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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