Analysts forecast that McDermott International Inc (NYSE:MDR) will report earnings of $0.05 per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for McDermott International’s earnings, with the highest EPS estimate coming in at $0.09 and the lowest estimate coming in at $0.01. McDermott International reported earnings of $0.08 per share in the same quarter last year, which would indicate a negative year over year growth rate of 37.5%. The firm is expected to issue its next earnings results on Tuesday, April 24th.
According to Zacks, analysts expect that McDermott International will report full year earnings of $0.46 per share for the current fiscal year, with EPS estimates ranging from $0.45 to $0.47. For the next fiscal year, analysts anticipate that the company will report earnings of $0.50 per share. Zacks’ EPS averages are an average based on a survey of analysts that follow McDermott International.
McDermott International (NYSE:MDR) last announced its quarterly earnings results on Wednesday, February 21st. The oil and gas company reported $0.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.06. The business had revenue of $718.10 million during the quarter, compared to analysts’ expectations of $744.57 million. McDermott International had a net margin of 5.98% and a return on equity of 10.68%. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.02 EPS.
Shares of McDermott International (MDR) traded up $0.11 on Wednesday, reaching $7.77. 5,761,037 shares of the company’s stock traded hands, compared to its average volume of 6,793,611. The stock has a market cap of $2,192.73, a PE ratio of 12.33 and a beta of 1.68. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.29. McDermott International has a fifty-two week low of $5.56 and a fifty-two week high of $9.07.
Several institutional investors have recently modified their holdings of MDR. Dimensional Fund Advisors LP increased its stake in shares of McDermott International by 10.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 23,082,635 shares of the oil and gas company’s stock worth $167,811,000 after acquiring an additional 2,151,895 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of McDermott International in the 4th quarter worth about $12,626,000. Clearline Capital LP bought a new position in shares of McDermott International in the 4th quarter worth about $8,943,000. Evanston Investments Inc. dba Evanston Advisors bought a new position in shares of McDermott International in the 4th quarter worth about $8,287,000. Finally, Hudson Bay Capital Management LP bought a new position in shares of McDermott International in the 4th quarter worth about $7,318,000. Institutional investors own 97.73% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This report was first reported by American Banking News and is the sole property of of American Banking News. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://www.americanbankingnews.com/2018/03/14/zacks-brokerages-expect-mcdermott-international-inc-mdr-to-post-0-05-eps.html.
About McDermott International
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for McDermott International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDermott International and related companies with MarketBeat.com's FREE daily email newsletter.