Analysts forecast that Hornbeck Offshore Services, Inc. (NYSE:HOS) will post earnings of ($0.77) per share for the current quarter, Zacks reports. Two analysts have made estimates for Hornbeck Offshore Services’ earnings. The highest EPS estimate is ($0.69) and the lowest is ($0.85). Hornbeck Offshore Services reported earnings per share of ($0.44) during the same quarter last year, which suggests a negative year over year growth rate of 75%. The business is scheduled to report 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 year, with EPS estimates ranging from ($3.33) to ($3.04). For the next fiscal year, analysts anticipate that the business will report earnings of ($2.48) per share, with EPS estimates ranging from ($2.71) to ($2.24). Zacks Investment Research’s EPS calculations 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, October 31st. The oil and gas company reported ($0.78) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.70) by ($0.08). The business had revenue of $58.47 million during the quarter, compared to analysts’ expectations of $61.23 million. Hornbeck Offshore Services had a negative net margin of 0.54% and a negative return on equity of 7.90%.
A number of hedge funds have recently bought and sold shares of the business. Northern Trust Corp grew its position 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 valued at $513,000 after acquiring an additional 20,256 shares during the period. Renaissance Technologies LLC grew its position in Hornbeck Offshore Services by 100.4% during the second quarter. Renaissance Technologies LLC now owns 498,040 shares of the oil and gas company’s stock valued at $1,972,000 after acquiring an additional 249,500 shares during the period. Gagnon Securities LLC grew its position 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 valued at $125,000 after acquiring an additional 15,294 shares during the period. Sheets Smith Wealth Management purchased a new stake in Hornbeck Offshore Services during the second quarter valued at about $220,000. Finally, Royal Bank of Canada grew its position 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 valued at $141,000 after acquiring an additional 29,440 shares during the period. 60.77% of the stock is owned by hedge funds and other institutional investors.
HOS stock traded down $0.07 during trading on Friday, reaching $4.00. 186,116 shares of the stock traded hands, compared to its average volume of 190,480. Hornbeck Offshore Services has a 52-week low of $2.68 and a 52-week high of $6.14. The company has a current ratio of 1.25, a quick ratio of 3.00 and a debt-to-equity ratio of 0.74. The company has a market cap of $158.28 million, a PE ratio of -1.61 and a beta of 1.88.
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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