Wall Street analysts expect Oceaneering International (NYSE:OII) to report ($0.10) earnings per share (EPS) for the current quarter, according to Zacks. Eight analysts have issued estimates for Oceaneering International’s earnings. The lowest EPS estimate is ($0.14) and the highest is ($0.07). Oceaneering International reported earnings of $0.03 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 433.3%. The business is expected to report its next quarterly earnings results after the market closes on Wednesday, February 14th.
According to Zacks, analysts expect that Oceaneering International will report full-year earnings of ($0.10) per share for the current financial year, with EPS estimates ranging from ($0.15) to ($0.08). For the next fiscal year, analysts expect that the firm will report earnings of ($0.46) per share, with EPS estimates ranging from ($0.68) to ($0.20). Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow Oceaneering International.
Oceaneering International (NYSE:OII) last issued its earnings results on Wednesday, October 25th. The oil and gas company reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.01). The firm had revenue of $476.12 million during the quarter, compared to analyst estimates of $511.14 million. Oceaneering International had a negative net margin of 0.94% and a positive return on equity of 0.21%. The firm’s revenue was down 13.3% compared to the same quarter last year. During the same period last year, the business earned $0.17 EPS.
Shares of Oceaneering International (NYSE OII) traded up $0.33 during trading hours on Monday, reaching $22.15. 823,500 shares of the company traded hands, compared to its average volume of 1,561,931. The firm has a market capitalization of $2,200.00, a PE ratio of -116.58 and a beta of 1.62. Oceaneering International has a 52-week low of $17.11 and a 52-week high of $29.53. The company has a current ratio of 2.67, a quick ratio of 2.14 and a debt-to-equity ratio of 0.53.
A number of institutional investors have recently made changes to their positions in the business. Los Angeles Capital Management & Equity Research Inc. increased its stake in Oceaneering International by 3.2% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 10,605 shares of the oil and gas company’s stock valued at $242,000 after purchasing an additional 330 shares during the last quarter. Harris Associates L P increased its stake in Oceaneering International by 2.1% in the second quarter. Harris Associates L P now owns 35,025 shares of the oil and gas company’s stock valued at $800,000 after purchasing an additional 725 shares during the last quarter. Prudential Financial Inc. grew its position in shares of Oceaneering International by 1.4% during the second quarter. Prudential Financial Inc. now owns 60,526 shares of the oil and gas company’s stock worth $1,382,000 after acquiring an additional 860 shares during the last quarter. Miles Capital Inc. grew its position in shares of Oceaneering International by 3.6% during the second quarter. Miles Capital Inc. now owns 36,755 shares of the oil and gas company’s stock worth $839,000 after acquiring an additional 1,274 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its position in shares of Oceaneering International by 19.3% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 9,326 shares of the oil and gas company’s stock worth $213,000 after acquiring an additional 1,512 shares during the last quarter. Institutional investors own 99.69% of the company’s stock.
About Oceaneering International
Oceaneering International, Inc is an oilfield provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. The Company’s business segments are contained within two businesses: services and products provided to the oil and gas industry (Oilfield) and all other services and products (Advanced Technologies).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Oceaneering International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oceaneering International and related companies with MarketBeat.com's FREE daily email newsletter.