Wall Street brokerages expect Hornbeck Offshore Services, Inc. (NYSE:HOS) to post $58.00 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Hornbeck Offshore Services’ earnings, with the highest sales estimate coming in at $58.90 million and the lowest estimate coming in at $57.10 million. Hornbeck Offshore Services reported sales of $56.24 million in the same quarter last year, which indicates a positive year-over-year growth rate of 3.1%. The firm is expected to issue its next quarterly earnings report on Wednesday, February 6th.
On average, analysts expect that Hornbeck Offshore Services will report full-year sales of $218.25 million for the current fiscal year, with estimates ranging from $215.60 million to $220.90 million. For the next fiscal year, analysts anticipate that the firm will post sales of $285.25 million, with estimates ranging from $270.00 million to $300.50 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow Hornbeck Offshore Services.
Hornbeck Offshore Services (NYSE:HOS) last released its quarterly earnings data 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). The business had revenue of $58.47 million during the quarter, compared to analyst estimates of $61.23 million. Hornbeck Offshore Services had a negative net margin of 0.54% and a negative return on equity of 7.90%.
Several hedge funds have recently made changes to their positions in HOS. Gagnon Securities LLC boosted 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 purchasing an additional 15,294 shares in the last quarter. Royal Bank of Canada boosted 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 purchasing an additional 29,440 shares in the last quarter. Sheets Smith Wealth Management acquired a new stake in shares of Hornbeck Offshore Services during the second quarter valued at about $220,000. Northern Trust Corp boosted its stake in shares of Hornbeck Offshore Services by 18.5% during the second quarter. Northern Trust Corp now owns 129,572 shares of the oil and gas company’s stock valued at $513,000 after purchasing an additional 20,256 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Hornbeck Offshore Services by 722.0% during the first quarter. JPMorgan Chase & Co. now owns 201,713 shares of the oil and gas company’s stock valued at $587,000 after purchasing an additional 177,174 shares in the last quarter. 60.81% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:HOS traded up $0.31 during trading hours on Monday, hitting $3.76. The company’s stock had a trading volume of 212,764 shares, compared to its average volume of 188,312. The firm has a market capitalization of $127.07 million, a PE ratio of -1.51 and a beta of 1.88. The company has a quick ratio of 3.00, a current ratio of 1.07 and a debt-to-equity ratio of 0.74. Hornbeck Offshore Services has a twelve month low of $2.68 and a twelve month high of $6.14.
Hornbeck Offshore Services Company Profile
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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