Wall Street analysts predict that McDermott International, Inc. (NYSE:MDR) will announce $0.19 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for McDermott International’s earnings. The highest EPS estimate is $0.24 and the lowest is $0.10. McDermott International posted earnings of $0.09 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 111.1%. The firm is scheduled to issue its next earnings report before the market opens on Wednesday, November 1st.

According to Zacks, analysts expect that McDermott International will report full year earnings of $0.42 per share for the current year. For the next financial year, analysts forecast that the company will post earnings of $0.39 per share, with EPS estimates ranging from $0.31 to $0.44. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow McDermott International.

McDermott International (NYSE:MDR) last issued its quarterly earnings data on Tuesday, July 25th. The oil and gas company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.03). The company had revenue of $788.20 million for the quarter, compared to the consensus estimate of $856.54 million. McDermott International had a return on equity of 5.55% and a net margin of 2.95%. The business’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.07 earnings per share.

A number of equities analysts recently weighed in on the stock. Deutsche Bank AG decreased their price objective on shares of McDermott International from $6.50 to $5.25 and set a “hold” rating for the company in a report on Tuesday. Scotiabank restated a “buy” rating and issued a $9.00 price objective on shares of McDermott International in a report on Friday, July 28th. BidaskClub lowered shares of McDermott International from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. KeyCorp restated a “hold” rating on shares of McDermott International in a report on Friday, October 6th. Finally, TheStreet upgraded shares of McDermott International from a “c” rating to a “b-” rating in a report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $8.22.

Large investors have recently bought and sold shares of the business. Private Advisor Group LLC bought a new stake in McDermott International in the 2nd quarter worth approximately $106,000. Everence Capital Management Inc. bought a new stake in McDermott International in the 2nd quarter worth approximately $116,000. HighTower Advisors LLC grew its position in McDermott International by 13.0% in the 1st quarter. HighTower Advisors LLC now owns 17,396 shares of the oil and gas company’s stock worth $117,000 after purchasing an additional 2,000 shares during the period. Meeder Asset Management Inc. grew its position in McDermott International by 234.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 16,144 shares of the oil and gas company’s stock worth $117,000 after purchasing an additional 11,310 shares during the period. Finally, Teacher Retirement System of Texas grew its position in McDermott International by 4.6% in the 1st quarter. Teacher Retirement System of Texas now owns 19,136 shares of the oil and gas company’s stock worth $129,000 after purchasing an additional 849 shares during the period. 84.97% of the stock is owned by institutional investors and hedge funds.

Shares of McDermott International (NYSE MDR) traded down 1.91% during mid-day trading on Tuesday, reaching $6.17. The company’s stock had a trading volume of 2,768,617 shares. McDermott International has a 12 month low of $4.96 and a 12 month high of $8.33. The company has a market cap of $1.75 billion, a P/E ratio of 23.73 and a beta of 1.40. The company has a 50-day moving average of $6.84 and a 200-day moving average of $6.64.

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McDermott International Company Profile

McDermott International, Inc is a provider of integrated engineering, procurement, construction and installation (EPCI), front-end engineering and design (FEED) and module fabrication services for upstream field developments across the world. The Company delivers fixed and floating production facilities, pipeline installations and subsea systems from concept to commissioning for offshore and subsea oil and gas projects.

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Earnings History and Estimates for McDermott International (NYSE:MDR)

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