Brokerages expect Hornbeck Offshore Services, Inc. (NYSE:HOS) to announce $61.23 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Hornbeck Offshore Services’ earnings, with estimates ranging from $56.10 million to $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 firm is expected to issue its next quarterly earnings report on Wednesday, November 7th.
According to Zacks, 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 financial year, analysts forecast that the business 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 posted its quarterly earnings results on Wednesday, August 1st. The oil and gas company reported ($0.67) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.73) by $0.06. The firm had revenue of $58.43 million for the quarter, compared to analysts’ expectations of $56.50 million. Hornbeck Offshore Services had a net margin of 5.27% and a negative return on equity of 7.13%.
Several analysts recently issued reports on the stock. Zacks Investment Research raised shares of Hornbeck Offshore Services from a “sell” rating to a “hold” rating in a report on Wednesday, October 3rd. ValuEngine raised shares of Hornbeck Offshore Services from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 2nd. Finally, Clarkson Capital raised shares of Hornbeck Offshore Services from a “neutral” rating to a “buy” rating in a report on Friday, June 22nd.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC increased its stake 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 purchasing an additional 249,500 shares during the last quarter. Millennium Management LLC increased its stake 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 valued at $1,176,000 after purchasing an additional 150,066 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Hornbeck Offshore Services by 722.0% during the first quarter. JPMorgan Chase & Co. now owns 201,713 shares of the oil and gas company’s stock valued at $587,000 after purchasing an additional 177,174 shares during the last quarter. Northern Trust Corp increased its stake 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 purchasing an additional 20,256 shares during the last quarter. Finally, Sheets Smith Wealth Management bought a new stake in Hornbeck Offshore Services during the second quarter valued at $220,000. 60.73% of the stock is currently owned by hedge funds and other institutional investors.
HOS traded down $0.16 during trading on Monday, hitting $5.33. The company had a trading volume of 222,700 shares, compared to its average volume of 246,579. The stock has a market capitalization of $221.06 million, a PE ratio of -2.18 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 1-year low of $2.68 and a 1-year high of $6.14.
Hornbeck Offshore Services Company Profile
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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