Zacks: Analysts Anticipate Hornbeck Offshore Services, Inc. (HOS) to Post -$0.77 Earnings Per Share
Wall Street analysts predict that Hornbeck Offshore Services, Inc. (NYSE:HOS) will announce earnings per share of ($0.77) for the current quarter, Zacks reports. Two analysts have provided estimates for Hornbeck Offshore Services’ earnings, with the highest EPS estimate coming in at ($0.69) and the lowest estimate coming in at ($0.85). Hornbeck Offshore Services posted earnings of ($0.44) per share during the same quarter last year, which would indicate a negative year over year growth rate of 75%. The company is expected to announce its next earnings results on Wednesday, February 6th.
On average, analysts expect that Hornbeck Offshore Services will report full year earnings of ($3.19) per share for the current fiscal year, with EPS estimates ranging from ($3.33) to ($3.04). For the next financial year, analysts forecast that the firm will report earnings of ($2.48) per share, with EPS estimates ranging from ($2.71) to ($2.24). Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Hornbeck Offshore Services.
Hornbeck Offshore Services (NYSE:HOS) last issued its quarterly earnings data on Wednesday, October 31st. The oil and gas company reported ($0.78) EPS for the quarter, missing the consensus estimate of ($0.70) by ($0.08). The company had revenue of $58.47 million during the quarter, compared to analysts’ expectations of $61.23 million. Hornbeck Offshore Services had a negative return on equity of 7.90% and a negative net margin of 0.54%.
Shares of Hornbeck Offshore Services stock traded up $0.06 on Friday, hitting $3.44. The company had a trading volume of 3,100 shares, compared to its average volume of 239,641. The company has a market cap of $148.88 million, a PE ratio of -1.38 and a beta of 1.88. Hornbeck Offshore Services has a 1 year low of $2.68 and a 1 year high of $6.14. The company has a quick ratio of 3.00, a current ratio of 1.07 and a debt-to-equity ratio of 0.74.
Several institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC increased its position in shares of Hornbeck Offshore Services by 100.4% during the second quarter. Renaissance Technologies LLC now owns 498,040 shares of the oil and gas company’s stock valued at $1,972,000 after acquiring an additional 249,500 shares during the last quarter. Mackenzie Financial Corp increased its position in shares of Hornbeck Offshore Services by 13.7% during the third quarter. Mackenzie Financial Corp now owns 1,932,909 shares of the oil and gas company’s stock valued at $11,366,000 after acquiring an additional 232,909 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Hornbeck Offshore Services by 722.0% during the first quarter. JPMorgan Chase & Co. now owns 201,713 shares of the oil and gas company’s stock valued at $587,000 after acquiring an additional 177,174 shares during the last quarter. Millennium Management LLC increased its position in shares of Hornbeck Offshore Services by 59.1% during the first quarter. Millennium Management LLC now owns 404,031 shares of the oil and gas company’s stock valued at $1,176,000 after acquiring an additional 150,066 shares during the last quarter. Finally, Bridgeway Capital Management Inc. purchased a new stake in shares of Hornbeck Offshore Services during the third quarter valued at approximately $671,000. 60.81% of the stock is owned by hedge funds and other institutional investors.
Hornbeck Offshore Services Company Profile
Hornbeck Offshore Services, Inc, together with its subsidiaries, provides marine transportation, subsea installation, and accommodation support services to exploration and production, oilfield service, offshore construction, and the U.S. military customers. It operates offshore supply vessels (OSVs), multi-purpose support vessels (MPSVs), and a shore-based facility to provide logistics support and specialty services to the offshore oil and gas exploration and production industry, primarily in the U.S.
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