Wall Street analysts expect Helix Energy Solutions Group Inc (NYSE:HLX) to announce earnings per share of $0.12 for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Helix Energy Solutions Group’s earnings, with the lowest EPS estimate coming in at $0.09 and the highest estimate coming in at $0.14. Helix Energy Solutions Group reported earnings per share of $0.02 in the same quarter last year, which would suggest a positive year over year growth rate of 500%. The company is expected to announce its next earnings results on Monday, October 22nd.

According to Zacks, analysts expect that Helix Energy Solutions Group will report full-year earnings of $0.19 per share for the current fiscal year, with EPS estimates ranging from $0.16 to $0.24. For the next fiscal year, analysts forecast that the business will post earnings of $0.29 per share, with EPS estimates ranging from $0.21 to $0.45. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Helix Energy Solutions Group.

Helix Energy Solutions Group (NYSE:HLX) last posted its earnings results on Monday, July 23rd. The oil and gas company reported $0.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.05. The company had revenue of $204.63 million during the quarter, compared to analyst estimates of $183.54 million. Helix Energy Solutions Group had a net margin of 9.79% and a return on equity of 1.05%. Helix Energy Solutions Group’s revenue for the quarter was up 36.1% on a year-over-year basis. During the same period in the prior year, the business posted ($0.03) earnings per share.

A number of research firms have recently weighed in on HLX. ValuEngine upgraded shares of Helix Energy Solutions Group from a “hold” rating to a “buy” rating in a report on Wednesday, June 27th. Zacks Investment Research upgraded shares of Helix Energy Solutions Group from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a report on Thursday, July 26th. Finally, TheStreet upgraded shares of Helix Energy Solutions Group from a “d+” rating to a “c-” rating in a report on Wednesday, May 9th. One analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $9.20.

In other Helix Energy Solutions Group news, CEO Owen E. Kratz sold 271,532 shares of the firm’s stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $10.09, for a total value of $2,739,757.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 5.85% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Capital One National Association purchased a new stake in Helix Energy Solutions Group in the second quarter worth about $1,350,000. Principal Financial Group Inc. increased its stake in shares of Helix Energy Solutions Group by 2.8% during the first quarter. Principal Financial Group Inc. now owns 1,092,329 shares of the oil and gas company’s stock valued at $6,324,000 after purchasing an additional 29,338 shares in the last quarter. Northern Trust Corp increased its stake in shares of Helix Energy Solutions Group by 1.5% during the first quarter. Northern Trust Corp now owns 1,712,750 shares of the oil and gas company’s stock valued at $9,916,000 after purchasing an additional 26,045 shares in the last quarter. Guggenheim Capital LLC increased its stake in shares of Helix Energy Solutions Group by 14.7% during the first quarter. Guggenheim Capital LLC now owns 180,257 shares of the oil and gas company’s stock valued at $1,043,000 after purchasing an additional 23,113 shares in the last quarter. Finally, Swiss National Bank increased its stake in shares of Helix Energy Solutions Group by 3.3% during the first quarter. Swiss National Bank now owns 244,300 shares of the oil and gas company’s stock valued at $1,414,000 after purchasing an additional 7,800 shares in the last quarter. Institutional investors and hedge funds own 89.48% of the company’s stock.

Shares of Helix Energy Solutions Group stock traded up $0.11 during trading on Friday, reaching $9.30. 25,482 shares of the stock were exchanged, compared to its average volume of 1,114,706. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.26. The firm has a market cap of $1.34 billion, a P/E ratio of -60.53 and a beta of 2.54. Helix Energy Solutions Group has a 1 year low of $5.44 and a 1 year high of $10.41.

Helix Energy Solutions Group Company Profile

Helix Energy Solutions Group, Inc, an offshore energy services company, provides specialty services to the offshore energy industry primarily in Brazil, the Gulf of Mexico, North Sea, the Asia Pacific, and West Africa regions. The company operates through three segments: Well Intervention, Robotics, and Production Facilities.

Featured Story: Determine Your Level of Risk Tolerance

Get a free copy of the Zacks research report on Helix Energy Solutions Group (HLX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Helix Energy Solutions Group (NYSE:HLX)

Receive News & Ratings for Helix Energy Solutions Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Helix Energy Solutions Group and related companies with MarketBeat.com's FREE daily email newsletter.