Brokerages predict that Oceaneering International, Inc. (NYSE:OII) will announce earnings of ($0.02) per share for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Oceaneering International’s earnings, with the lowest EPS estimate coming in at ($0.04) and the highest estimate coming in at $0.03. Oceaneering International posted earnings per share of $0.27 in the same quarter last year, which would indicate a negative year-over-year growth rate of 107.4%. The company is expected to issue its next earnings results after the market closes on Wednesday, July 26th.
According to Zacks, analysts expect that Oceaneering International will report full year earnings of ($0.13) per share for the current financial year, with EPS estimates ranging from ($0.35) to $0.02. For the next financial year, analysts anticipate that the company will report earnings of $0.07 per share, with EPS estimates ranging from ($0.26) to $0.35. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Oceaneering International.
Oceaneering International (NYSE:OII) last released its quarterly earnings data on Wednesday, April 26th. The oil and gas company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.06. The firm had revenue of $446.18 million during the quarter, compared to the consensus estimate of $459.57 million. Oceaneering International had a negative net margin of 0.38% and a positive return on equity of 2.72%. The firm’s revenue was down 26.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.26 earnings per share.
Institutional investors have recently modified their holdings of the stock. Westpac Banking Corp purchased a new position in shares of Oceaneering International during the first quarter valued at about $144,000. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Oceaneering International by 101.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,731 shares of the oil and gas company’s stock valued at $157,000 after buying an additional 2,880 shares during the period. LS Investment Advisors LLC raised its position in shares of Oceaneering International by 18.4% in the second quarter. LS Investment Advisors LLC now owns 7,650 shares of the oil and gas company’s stock valued at $175,000 after buying an additional 1,188 shares during the period. Teacher Retirement System of Texas raised its position in shares of Oceaneering International by 4.0% in the first quarter. Teacher Retirement System of Texas now owns 7,808 shares of the oil and gas company’s stock valued at $211,000 after buying an additional 300 shares during the period. Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of Oceaneering International by 7.7% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 7,814 shares of the oil and gas company’s stock valued at $212,000 after buying an additional 560 shares during the period. 98.77% of the stock is currently owned by institutional investors and hedge funds.
Oceaneering International (OII) traded up 0.78% during midday trading on Friday, reaching $24.64. The company’s stock had a trading volume of 1,959,051 shares. The firm has a 50 day moving average price of $23.60 and a 200 day moving average price of $26.06. Oceaneering International has a 1-year low of $20.74 and a 1-year high of $32.12. The firm’s market capitalization is $2.42 billion.
COPYRIGHT VIOLATION WARNING: This story was originally posted by Community Financial News and is owned by of Community Financial News. If you are accessing this story on another site, it was stolen and reposted in violation of international copyright & trademark legislation. The correct version of this story can be viewed at https://www.com-unik.info/2017/08/19/analysts-anticipate-oceaneering-international-inc-oii-to-post-0-02-eps-updated-updated-updated.html.
About Oceaneering International
Oceaneering International, Inc is an oilfield provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. The Company’s business segments are contained within two businesses: services and products provided to the oil and gas industry (Oilfield) and all other services and products (Advanced Technologies).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
What are top analysts saying about Oceaneering International Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Oceaneering International Inc. and related companies.