Brokerages expect Hornbeck Offshore Services, Inc. (NYSE:HOS) to announce earnings per share of ($0.77) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Hornbeck Offshore Services’ earnings, with the highest EPS estimate coming in at ($0.69) and the lowest estimate coming in at ($0.85). Hornbeck Offshore Services reported earnings of ($0.44) per share in the same quarter last year, which would suggest a negative year over year growth rate of 75%. The company is scheduled to issue its next earnings report on Wednesday, February 6th.
On average, analysts expect that Hornbeck Offshore Services will report full-year earnings of ($3.19) per share for the current fiscal year, with EPS estimates ranging from ($3.33) to ($3.04). For the next fiscal year, analysts anticipate that the business will post earnings of ($2.48) per share, with EPS estimates ranging from ($2.71) to ($2.24). Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Hornbeck Offshore Services.
Hornbeck Offshore Services (NYSE:HOS) last released its earnings results on Wednesday, October 31st. The oil and gas company reported ($0.78) earnings per share for the quarter, missing the consensus estimate of ($0.70) by ($0.08). Hornbeck Offshore Services had a negative return on equity of 7.90% and a negative net margin of 0.54%. The business had revenue of $58.47 million for the quarter, compared to the consensus estimate of $61.23 million.
Institutional investors have recently made changes to their positions in the company. Sheets Smith Wealth Management purchased a new position in shares of Hornbeck Offshore Services during the second quarter valued at $220,000. Millennium Management LLC increased its stake in shares of 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 buying an additional 150,066 shares during the period. Royal Bank of Canada increased its stake in shares of Hornbeck Offshore Services by 154.1% during the first quarter. Royal Bank of Canada now owns 48,550 shares of the oil and gas company’s stock valued at $141,000 after buying an additional 29,440 shares during the period. Renaissance Technologies LLC increased its stake in shares of 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 buying an additional 249,500 shares during the period. Finally, Gagnon Securities LLC increased its stake in shares of Hornbeck Offshore Services by 94.6% during the second quarter. Gagnon Securities LLC now owns 31,469 shares of the oil and gas company’s stock valued at $125,000 after buying an additional 15,294 shares during the period. Hedge funds and other institutional investors own 60.77% of the company’s stock.
Shares of Hornbeck Offshore Services stock traded down $0.07 during trading on Friday, hitting $4.00. 186,116 shares of the stock traded hands, compared to its average volume of 190,480. The firm has a market cap of $158.28 million, a P/E ratio of -1.61 and a beta of 1.88. The company has a current ratio of 1.25, a quick ratio of 3.00 and a debt-to-equity ratio of 0.74. Hornbeck Offshore Services has a 52-week low of $2.68 and a 52-week high of $6.14.
About Hornbeck Offshore Services
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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