Subsea 7 (SUBCY) Expected to Release Earnings on Thursday

Subsea 7 (OTCMKTS:SUBCY) will likely be issuing its resultson Thursday, July 30th. Analysts expect Subsea 7 to announce earnings of $0.64 per share and revenue of $1.9315 billion for the quarter.

Subsea 7 (OTCMKTS:SUBCY) last issued its earnings results on Thursday, April 30th. The energy company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Subsea 7 had a return on equity of 11.38% and a net margin of 6.67%. On average, analysts expect Subsea 7 to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Subsea 7 Stock Up 3.0%

SUBCY opened at $34.81 on Thursday. The firm has a 50 day moving average price of $34.62 and a 200 day moving average price of $30.25. The company has a market cap of $10.29 billion, a PE ratio of 20.97 and a beta of 1.08. Subsea 7 has a 1 year low of $17.79 and a 1 year high of $37.66. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.09 and a current ratio of 1.11.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. UBS Group restated a “neutral” rating on shares of Subsea 7 in a research note on Tuesday, June 30th. Barclays downgraded shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Finally, Zacks Research cut shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Subsea 7 Company Profile

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.