Equities research analysts expect Oceaneering International (NYSE:OII) to report earnings per share of ($0.16) for the current quarter, Zacks reports. Six analysts have made estimates for Oceaneering International’s earnings, with the highest EPS estimate coming in at ($0.11) and the lowest estimate coming in at ($0.18). Oceaneering International posted earnings of $0.02 per share during the same quarter last year, which indicates a negative year over year growth rate of 900%. The business is expected to report its next quarterly earnings report after the market closes on Wednesday, October 24th.
According to Zacks, analysts expect that Oceaneering International will report full-year earnings of ($1.01) per share for the current year, with EPS estimates ranging from ($1.10) to ($0.89). For the next financial year, analysts forecast that the firm will report earnings of ($0.43) per share, with EPS estimates ranging from ($0.68) to ($0.16). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Oceaneering International.
Oceaneering International (NYSE:OII) last announced its quarterly earnings results on Wednesday, July 25th. The oil and gas company reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.03. Oceaneering International had a net margin of 4.83% and a negative return on equity of 4.31%. The company had revenue of $479.00 million during the quarter, compared to the consensus estimate of $448.96 million. During the same quarter in the previous year, the company posted $0.02 earnings per share. The company’s revenue for the quarter was down 7.0% compared to the same quarter last year.
Several equities research analysts recently weighed in on OII shares. Zacks Investment Research raised shares of Oceaneering International from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Monday, July 16th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $28.00 price objective on shares of Oceaneering International in a report on Friday, July 27th. Credit Suisse Group upped their price objective on shares of Oceaneering International from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Friday, July 27th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $24.00 price objective on shares of Oceaneering International in a report on Friday, July 27th. Finally, ValuEngine raised shares of Oceaneering International from a “hold” rating to a “buy” rating in a report on Friday, June 22nd. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $25.14.
In other Oceaneering International news, Director T Jay Collins sold 16,750 shares of the business’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $26.50, for a total value of $443,875.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.10% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the business. LPL Financial LLC bought a new stake in Oceaneering International in the first quarter worth about $186,000. Boys Arnold & Co. Inc. bought a new stake in Oceaneering International in the second quarter worth about $204,000. Meridian Management Co. bought a new stake in Oceaneering International in the second quarter worth about $204,000. Bbva Compass Bancshares Inc. bought a new stake in Oceaneering International in the second quarter worth about $226,000. Finally, Laurel Wealth Advisors Inc. bought a new stake in Oceaneering International in the second quarter worth about $229,000.
OII stock opened at $26.59 on Friday. The stock has a market capitalization of $2.72 billion, a P/E ratio of -379.86 and a beta of 1.37. Oceaneering International has a fifty-two week low of $17.11 and a fifty-two week high of $28.62. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.61 and a quick ratio of 2.17.
Oceaneering International Company Profile
Oceaneering International, Inc provides engineered services and products to the offshore oil and gas, defense, aerospace, and commercial theme park industries worldwide. The company's Remotely Operated Vehicles (ROVs) segment offers submersible vehicles for drill support, vessel-based inspection, maintenance and repair, installation and construction support, pipeline inspection and surveys, and subsea production facility operation and maintenance services.
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