SEACOR Marine (NYSE:SMHI) Posts Quarterly Earnings Results, Beats Estimates By $0.25 EPS

SEACOR Marine (NYSE:SMHI) announced its earnings results on Wednesday. The company reported ($0.36) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.61) by $0.25, FiscalAI reports. SEACOR Marine had a negative return on equity of 14.35% and a negative net margin of 17.55%. The company had revenue of $57.25 million for the quarter, compared to analyst estimates of $52.99 million.

SEACOR Marine Trading Down 0.7%

Shares of SEACOR Marine stock traded down $0.07 on Friday, hitting $9.77. The stock had a trading volume of 108,068 shares, compared to its average volume of 114,240. The stock has a 50 day moving average of $9.03 and a 200 day moving average of $7.95. The firm has a market capitalization of $264.95 million, a P/E ratio of -6.88 and a beta of 1.16. SEACOR Marine has a twelve month low of $5.75 and a twelve month high of $10.00. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.35 and a current ratio of 2.38.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of SEACOR Marine in a research note on Thursday, October 15th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, SEACOR Marine currently has an average rating of “Hold” and a consensus target price of $10.00.

Insider Activity at SEACOR Marine

In other SEACOR Marine news, CFO Jesús Llorca sold 4,000 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $10.00, for a total value of $40,000.00. Following the sale, the chief financial officer owned 382,981 shares in the company, valued at approximately $3,829,810. The trade was a 1.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Andrew H. Everett II sold 4,116 shares of the stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $10.00, for a total value of $41,160.00. Following the completion of the sale, the vice president directly owned 194,279 shares of the company’s stock, valued at approximately $1,942,790. The trade was a 2.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 41,584 shares of company stock worth $407,303. 16.80% of the stock is owned by corporate insiders.

SEACOR Marine Company Profile

SEACOR Marine Holdings Inc is an offshore marine transportation and support services company that serves the energy and offshore infrastructure industries. The company owns and operates a fleet of offshore support vessels designed to transport personnel, equipment and supplies between shore bases and offshore facilities.

Its services support offshore oil and gas exploration, development, production and maintenance activities. SEACOR Marine also provides marine support for offshore wind and other offshore construction and infrastructure projects, with capabilities that include crew transportation, logistics, platform supply and other specialized vessel operations.

The company was established as an independent publicly traded business in 2017 following its separation from SEACOR Holdings Inc SEACOR Marine operates in several international offshore markets, including the Gulf of Mexico and selected regions in the North Sea, West Africa, Southeast Asia and the Middle East.