Brokerages Expect Hornbeck Offshore Services, Inc. (HOS) to Announce -$0.73 Earnings Per Share
Equities analysts forecast that Hornbeck Offshore Services, Inc. (NYSE:HOS) will announce earnings of ($0.73) per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Hornbeck Offshore Services’ earnings, with the lowest EPS estimate coming in at ($0.75) and the highest estimate coming in at ($0.70). Hornbeck Offshore Services posted earnings of ($0.53) per share during the same quarter last year, which indicates a negative year over year growth rate of 37.7%. The business is expected to announce its next quarterly earnings report on Wednesday, February 21st.
According to Zacks, analysts expect that Hornbeck Offshore Services will report full year earnings of ($2.92) per share for the current financial year, with EPS estimates ranging from ($2.95) to ($2.90). For the next year, analysts anticipate that the company will post earnings of ($2.74) per share, with EPS estimates ranging from ($2.85) to ($2.66). Zacks’ earnings per share calculations are an average based on a survey of research firms that cover Hornbeck Offshore Services.
Hornbeck Offshore Services (NYSE:HOS) last released its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported ($0.51) earnings per share for the quarter, topping the consensus estimate of ($0.73) by $0.22. The firm had revenue of $53.70 million for the quarter, compared to analyst estimates of $41.25 million. Hornbeck Offshore Services had a negative net margin of 48.34% and a negative return on equity of 7.00%. Hornbeck Offshore Services’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.45) earnings per share.
Hornbeck Offshore Services (NYSE:HOS) traded down $0.10 on Monday, reaching $3.85. 519,200 shares of the company traded hands, compared to its average volume of 595,900. The firm has a market capitalization of $142.64, a price-to-earnings ratio of -1.65 and a beta of 1.29. Hornbeck Offshore Services has a 52-week low of $1.51 and a 52-week high of $8.52. The company has a current ratio of 3.61, a quick ratio of 3.61 and a debt-to-equity ratio of 0.75.
Several large investors have recently made changes to their positions in the business. California Public Employees Retirement System boosted its holdings in shares of Hornbeck Offshore Services by 26.0% in the third quarter. California Public Employees Retirement System now owns 632,673 shares of the oil and gas company’s stock valued at $2,556,000 after acquiring an additional 130,373 shares in the last quarter. KBC Group NV boosted its holdings in shares of Hornbeck Offshore Services by 20.9% in the third quarter. KBC Group NV now owns 208,249 shares of the oil and gas company’s stock valued at $841,000 after acquiring an additional 35,934 shares in the last quarter. Brandes Investment Partners LP boosted its holdings in shares of Hornbeck Offshore Services by 316.7% in the third quarter. Brandes Investment Partners LP now owns 66,503 shares of the oil and gas company’s stock valued at $269,000 after acquiring an additional 50,545 shares in the last quarter. Brookfield Asset Management Inc. bought a new position in shares of Hornbeck Offshore Services in the second quarter valued at approximately $991,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Hornbeck Offshore Services in the second quarter valued at approximately $1,957,000. Institutional investors own 77.54% of the company’s stock.
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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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