Wall Street analysts expect Hornbeck Offshore Services, Inc. (NYSE:HOS) to post $50.37 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Hornbeck Offshore Services’ earnings, with the highest sales estimate coming in at $52.10 million and the lowest estimate coming in at $49.20 million. Hornbeck Offshore Services posted sales of $44.08 million in the same quarter last year, which suggests a positive year-over-year growth rate of 14.3%. The firm is expected to announce its next earnings report on Wednesday, May 2nd.
On average, analysts expect that Hornbeck Offshore Services will report full year sales of $50.37 million for the current year, with estimates ranging from $200.70 million to $240.20 million. For the next financial year, analysts expect that the company will report sales of $274.27 million per share, with estimates ranging from $271.30 million to $278.60 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Hornbeck Offshore Services.
Hornbeck Offshore Services (NYSE:HOS) last announced its earnings results on Wednesday, February 7th. The oil and gas company reported ($0.44) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.73) by $0.29. Hornbeck Offshore Services had a negative return on equity of 6.73% and a net margin of 14.33%. The firm had revenue of $56.20 million during the quarter, compared to analyst estimates of $40.65 million. During the same period last year, the firm posted ($0.53) EPS. The business’s revenue was up 34.1% compared to the same quarter last year.
Several institutional investors have recently made changes to their positions in HOS. Brookfield Asset Management Inc. purchased a new stake in shares of Hornbeck Offshore Services during the 2nd quarter valued at $991,000. California Public Employees Retirement System increased its holdings in Hornbeck Offshore Services by 41.3% in the 2nd quarter. California Public Employees Retirement System now owns 502,300 shares of the oil and gas company’s stock worth $1,422,000 after acquiring an additional 146,900 shares during the last quarter. MML Investors Services LLC increased its holdings in Hornbeck Offshore Services by 117.3% in the 4th quarter. MML Investors Services LLC now owns 138,224 shares of the oil and gas company’s stock worth $430,000 after acquiring an additional 74,603 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Hornbeck Offshore Services by 86.3% in the 2nd quarter. Goldman Sachs Group Inc. now owns 117,476 shares of the oil and gas company’s stock worth $332,000 after acquiring an additional 54,431 shares during the last quarter. Finally, Brandes Investment Partners LP increased its holdings in Hornbeck Offshore Services by 316.7% in the 3rd quarter. Brandes Investment Partners LP now owns 66,503 shares of the oil and gas company’s stock worth $269,000 after acquiring an additional 50,545 shares during the last quarter. 75.03% of the stock is owned by hedge funds and other institutional investors.
Shares of Hornbeck Offshore Services (NYSE:HOS) opened at $3.73 on Tuesday. Hornbeck Offshore Services has a 12-month low of $1.51 and a 12-month high of $5.09. The stock has a market capitalization of $138.20, a price-to-earnings ratio of 5.57 and a beta of 1.31. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.61 and a current ratio of 3.61.
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Hornbeck Offshore Services Company Profile
Hornbeck Offshore Services Inc provides marine transportation, subsea installation and accommodation support services to exploration and production, oilfield service, offshore construction and the United States military customers. The Company focuses on providing marine solutions for the deepwater and ultradeepwater energy industry in domestic and select foreign locations.
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