Subsea 7 (SUBCY) Expected to Post Quarterly Earnings on Thursday

Subsea 7 (OTCMKTS:SUBCY) is projected to issue its resultson Thursday, July 30th. Analysts expect the company to announce earnings of $0.64 per share and revenue of $1.9315 billion for the quarter.

Subsea 7 (OTCMKTS:SUBCY) last released its quarterly earnings data on Thursday, April 30th. The energy company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.62 billion. Subsea 7 had a return on equity of 11.38% and a net margin of 6.67%. On average, analysts expect Subsea 7 to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Subsea 7 Price Performance

Shares of SUBCY opened at $33.20 on Tuesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.09 and a current ratio of 1.11. The firm has a market cap of $9.82 billion, a PE ratio of 20.00 and a beta of 1.08. The firm’s 50 day moving average price is $34.44 and its 200 day moving average price is $30.52. Subsea 7 has a twelve month low of $17.79 and a twelve month high of $37.66.

Analyst Upgrades and Downgrades

SUBCY has been the topic of several analyst reports. Zacks Research lowered shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. Barclays lowered shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. UBS Group upgraded shares of Subsea 7 from an “overweight” rating to a “buy” rating in a report on Thursday. Finally, Rothschild & Co Redburn raised shares of Subsea 7 from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Subsea 7 Company Profile

Subsea 7 SA is a global engineering, construction and services contractor serving the offshore energy industry. The company specializes in complex subsea infrastructure projects, offering pipeline and riser installation, umbilical and flowline deployment, and subsea tie-ins. Its fleet of specialized vessels, diving systems and remotely operated vehicles (ROVs) supports installation, inspection, maintenance and repair activities across the life cycle of offshore oil, gas and renewable energy fields.

With roots tracing back to the merger of Subsea 7 Inc and Acergy SA in 2011, Subsea 7 has built a broad international footprint.