Subsea 7 (SUBCY) Projected to Post Earnings on Thursday

Subsea 7 (OTCMKTS:SUBCY) is anticipated to release its results before the market opens on Thursday, February 26th. Analysts expect Subsea 7 to post earnings of $0.59 per share for the quarter.

Subsea 7 (OTCMKTS:SUBCY) last announced its quarterly earnings data on Thursday, November 20th. The energy company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.07). Subsea 7 had a net margin of 4.08% and a return on equity of 6.66%. The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.89 billion. On average, analysts expect Subsea 7 to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Subsea 7 Price Performance

OTCMKTS:SUBCY opened at $27.46 on Thursday. The business’s 50-day moving average price is $22.65 and its 200 day moving average price is $20.70. The firm has a market cap of $8.12 billion, a P/E ratio of 28.60 and a beta of 1.13. Subsea 7 has a 52-week low of $12.15 and a 52-week high of $27.73. The company has a quick ratio of 1.00, a current ratio of 1.02 and a debt-to-equity ratio of 0.10.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on SUBCY shares. Zacks Research downgraded shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. UBS Group reaffirmed a “neutral” rating on shares of Subsea 7 in a report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

About Subsea 7

Subsea 7 SA is a global engineering, construction and services contractor serving the offshore energy industry. The company specializes in complex subsea infrastructure projects, offering pipeline and riser installation, umbilical and flowline deployment, and subsea tie-ins. Its fleet of specialized vessels, diving systems and remotely operated vehicles (ROVs) supports installation, inspection, maintenance and repair activities across the life cycle of offshore oil, gas and renewable energy fields.

With roots tracing back to the merger of Subsea 7 Inc and Acergy SA in 2011, Subsea 7 has built a broad international footprint.