SEACOR Marine (NYSE:SMHI) Posts Quarterly Earnings Results, Beats Expectations By $0.31 EPS

SEACOR Marine (NYSE:SMHI) issued its quarterly earnings data on Wednesday. The company reported ($0.61) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.92) by $0.31, FiscalAI reports. The company had revenue of $44.28 million during the quarter, compared to the consensus estimate of $49.30 million. SEACOR Marine had a negative net margin of 12.22% and a negative return on equity of 11.85%.

SEACOR Marine Stock Performance

SMHI stock traded up $0.20 during trading hours on Thursday, reaching $7.66. The stock had a trading volume of 27,078 shares, compared to its average volume of 118,923. The stock has a market capitalization of $207.27 million, a PE ratio of -7.30 and a beta of 1.11. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.54 and a quick ratio of 2.51. The stock has a 50-day simple moving average of $7.47 and a 200 day simple moving average of $6.94. SEACOR Marine has a fifty-two week low of $4.32 and a fifty-two week high of $8.17.

Institutional Trading of SEACOR Marine

A number of large investors have recently added to or reduced their stakes in SMHI. BNP Paribas Financial Markets lifted its stake in SEACOR Marine by 75.1% in the third quarter. BNP Paribas Financial Markets now owns 3,962 shares of the company’s stock valued at $26,000 after acquiring an additional 1,699 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in SEACOR Marine by 289.7% in the second quarter. Tower Research Capital LLC TRC now owns 9,962 shares of the company’s stock valued at $51,000 after acquiring an additional 7,406 shares during the last quarter. Raymond James Financial Inc. lifted its stake in SEACOR Marine by 197.4% in the third quarter. Raymond James Financial Inc. now owns 15,065 shares of the company’s stock valued at $98,000 after acquiring 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 acquiring an additional 8,733 shares during the period. Finally, Barclays PLC increased its position in SEACOR Marine by 9.5% during the fourth quarter. Barclays PLC now owns 58,185 shares of the company’s stock worth $350,000 after acquiring an additional 5,060 shares during the period. Institutional investors and hedge funds own 59.05% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on SMHI. Clarkson Capital raised shares of SEACOR Marine from a “neutral” rating to a “buy” rating and set a $10.00 target price for the company in a research report on Monday, March 16th. Wall Street Zen raised shares of SEACOR Marine from a “sell” rating to a “hold” rating in a research report on Sunday, March 8th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SEACOR Marine in a research report on Monday, April 20th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $10.00.

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.