SEACOR Marine (NYSE:SMHI) Releases Earnings Results, Beats Expectations By $0.08 EPS

SEACOR Marine (NYSE:SMHI) released its quarterly earnings results on Wednesday. The company reported ($0.57) earnings per share for the quarter, topping the consensus estimate of ($0.65) by $0.08, FiscalAI reports. The firm had revenue of $52.33 million during the quarter, compared to the consensus estimate of $55.81 million. SEACOR Marine had a negative net margin of 12.22% and a negative return on equity of 11.73%.

SEACOR Marine Stock Up 1.0%

Shares of NYSE SMHI traded up $0.07 during midday trading on Friday, hitting $7.54. The company’s stock had a trading volume of 176,673 shares, compared to its average volume of 123,450. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.39 and a quick ratio of 2.36. The firm has a market capitalization of $203.43 million, a price-to-earnings ratio of -7.25 and a beta of 1.26. The business’s fifty day simple moving average is $6.68 and its two-hundred day simple moving average is $6.63. SEACOR Marine has a 1 year low of $3.63 and a 1 year high of $8.17.

Institutional Investors Weigh In On SEACOR Marine

Several large investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets grew its holdings in shares of SEACOR Marine by 75.1% during the third quarter. BNP Paribas Financial Markets now owns 3,962 shares of the company’s stock worth $26,000 after purchasing an additional 1,699 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of SEACOR Marine by 289.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 9,962 shares of the company’s stock valued at $51,000 after purchasing an additional 7,406 shares during the period. Raymond James Financial Inc. grew its stake in SEACOR Marine by 197.4% during the 3rd quarter. Raymond James Financial Inc. now owns 15,065 shares of the company’s stock worth $98,000 after buying an additional 10,000 shares during the last quarter. Wells Fargo & Company MN increased its position in SEACOR Marine by 55.4% during the fourth quarter. Wells Fargo & Company MN now owns 24,486 shares of the company’s stock worth $147,000 after buying an additional 8,733 shares during the period. Finally, Barclays PLC lifted its stake in SEACOR Marine by 9.5% in the fourth quarter. Barclays PLC now owns 58,185 shares of the company’s stock valued at $350,000 after buying an additional 5,060 shares during the last quarter. Hedge funds and other institutional investors own 59.05% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on SMHI shares. Zacks Research cut SEACOR Marine from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Weiss Ratings reiterated a “sell (d-)” rating on shares of SEACOR Marine in a research report on Wednesday, January 21st. Finally, Wall Street Zen downgraded SEACOR Marine from a “buy” rating to a “hold” rating in a research note on Saturday, December 27th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, SEACOR Marine currently has a consensus rating of “Reduce” and an average target price of $7.00.

SEACOR Marine Company Profile

SEACOR Marine (NYSE:SMHI) is a U.S.-based provider of offshore marine transportation and support services, offering a fleet of platform supply vessels (PSVs), crew transfer vessels, and specialty craft designed for the energy sector. The company serves clients engaged in offshore oil and gas exploration and production, as well as emerging offshore wind and renewable energy projects. Its services include cargo and personnel transfer, subsea support, emergency response, and project logistics.

Formed through the combination of SEACOR Holdings’ offshore marine division and acquired assets from Hornbeck Offshore Services, SEACOR Marine brings together a broad range of technical expertise and vessel capabilities.