Equities analysts expect that Helix Energy Solutions Group Inc (NYSE:HLX) will report sales of $157.65 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Helix Energy Solutions Group’s earnings, with the lowest sales estimate coming in at $157.50 million and the highest estimate coming in at $157.80 million. Helix Energy Solutions Group reported sales of $128.03 million during the same quarter last year, which would suggest a positive year over year growth rate of 23.1%. The firm is scheduled to report its next earnings results before the market opens on Tuesday, February 20th.
According to Zacks, analysts expect that Helix Energy Solutions Group will report full year sales of $157.65 million for the current year, with estimates ranging from $575.70 million to $580.67 million. For the next fiscal year, analysts expect that the firm will report sales of $707.90 million per share, with estimates ranging from $674.30 million to $736.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Helix Energy Solutions Group.
Several brokerages recently weighed in on HLX. Zacks Investment Research lowered shares of Helix Energy Solutions Group from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. ValuEngine lowered shares of Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Bank of America lowered shares of Helix Energy Solutions Group from a “neutral” rating to an “underperform” rating and set a $7.00 price objective on the stock. in a research report on Tuesday, January 16th. Piper Jaffray Companies set a $7.00 price objective on shares of Helix Energy Solutions Group and gave the company a “hold” rating in a research report on Sunday, December 31st. Finally, Cowen set a $10.00 price target on Helix Energy Solutions Group and gave the company a “buy” rating in a report on Thursday, January 11th. Three analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $8.54.
Helix Energy Solutions Group (HLX) opened at $6.96 on Tuesday. The firm has a market cap of $1,030.63, a P/E ratio of -11.80 and a beta of 2.45. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.26. Helix Energy Solutions Group has a 52-week low of $4.82 and a 52-week high of $8.73.
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About Helix Energy Solutions Group
Helix Energy Solutions Group, Inc is an international offshore energy services company. The Company provides services to the offshore energy industry, with a focus on well intervention and robotics operations. The Company operates in three segments: Well Intervention, Robotics and Production Facilities.
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