SEACOR Marine (NYSE:SMHI) Posts Quarterly Earnings Results, Beats Estimates By $0.25 EPS

SEACOR Marine (NYSE:SMHI) released its quarterly earnings results on Wednesday. The company reported ($0.36) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.61) by $0.25, FiscalAI reports. The company had revenue of $57.25 million during the quarter, compared to the consensus estimate of $52.99 million. SEACOR Marine had a negative net margin of 8.62% and a negative return on equity of 8.72%.

SEACOR Marine Price Performance

Shares of SMHI stock traded up $0.62 on Thursday, reaching $9.55. The company had a trading volume of 66,866 shares, compared to its average volume of 113,446. The stock has a market capitalization of $259.09 million, a PE ratio of -13.45 and a beta of 1.16. The company has a quick ratio of 2.35, a current ratio of 2.38 and a debt-to-equity ratio of 1.15. The business’s 50-day moving average is $9.03 and its 200 day moving average is $7.93. SEACOR Marine has a one year low of $5.75 and a one year high of $10.00.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SEACOR Marine in a report on Thursday, October 15th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $10.00.

Insider Buying and Selling

In other SEACOR Marine news, VP Andrew H. Everett II sold 5,113 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $9.52, for a total transaction of $48,675.76. Following the sale, the vice president owned 199,613 shares of the company’s stock, valued at approximately $1,900,315.76. The trade was a 2.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Jesús Llorca sold 13,054 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $9.79, for a total transaction of $127,798.66. Following the transaction, the chief financial officer owned 398,559 shares of the company’s stock, valued at $3,901,892.61. This trade represents a 3.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 43,221 shares of company stock valued at $422,920. 16.80% of the stock is owned by corporate insiders.

SEACOR Marine Company Profile

SEACOR Marine Holdings Inc is an offshore marine transportation and support services company that serves the energy and offshore infrastructure industries. The company owns and operates a fleet of offshore support vessels designed to transport personnel, equipment and supplies between shore bases and offshore facilities.

Its services support offshore oil and gas exploration, development, production and maintenance activities. SEACOR Marine also provides marine support for offshore wind and other offshore construction and infrastructure projects, with capabilities that include crew transportation, logistics, platform supply and other specialized vessel operations.

The company was established as an independent publicly traded business in 2017 following its separation from SEACOR Holdings Inc SEACOR Marine operates in several international offshore markets, including the Gulf of Mexico and selected regions in the North Sea, West Africa, Southeast Asia and the Middle East.