Subsea 7 (SUBCY) Projected to Release Quarterly Earnings on Thursday

Subsea 7 (OTCMKTS:SUBCY) is projected to announce its resultson Thursday, July 30th. Analysts expect Subsea 7 to post earnings of $0.64 per share and revenue of $1.9207 billion for the quarter.

Subsea 7 (OTCMKTS:SUBCY) last announced its earnings results on Thursday, April 30th. The energy company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.03). The business had revenue of $1.79 billion for the quarter, compared to analyst estimates 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 Performance

Shares of SUBCY stock opened at $31.34 on Wednesday. The stock has a market capitalization of $9.26 billion, a PE ratio of 18.88 and a beta of 1.08. Subsea 7 has a 52-week low of $17.79 and a 52-week high of $37.66. The stock’s 50-day moving average price is $34.33 and its 200 day moving average price is $30.59. The company has a quick ratio of 1.09, a current ratio of 1.11 and a debt-to-equity ratio of 0.09.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SUBCY. Rothschild & Co Redburn upgraded Subsea 7 from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 23rd. Barclays cut Subsea 7 from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Zacks Research downgraded Subsea 7 from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Finally, UBS Group upgraded shares of Subsea 7 from an “overweight” rating to a “buy” rating in a research report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

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.