$37.00 Million in Sales Expected for Hornbeck Offshore Services (HOS) This Quarter
Wall Street analysts expect that Hornbeck Offshore Services (NYSE:HOS) will announce sales of $37.00 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Hornbeck Offshore Services’ earnings, with the lowest sales estimate coming in at $33.60 million and the highest estimate coming in at $39.40 million. Hornbeck Offshore Services reported sales of $41.88 million in the same quarter last year, which would suggest a negative year over year growth rate of 11.7%. The company is expected to issue its next quarterly earnings results on Wednesday, February 21st.
On average, analysts expect that Hornbeck Offshore Services will report full year sales of $37.00 million for the current fiscal year, with estimates ranging from $142.50 million to $155.00 million. For the next year, analysts anticipate that the company will post sales of $195.46 million per share, with estimates ranging from $161.00 million to $232.84 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Hornbeck Offshore Services.
Hornbeck Offshore Services (NYSE:HOS) last announced its quarterly earnings results on Wednesday, November 1st. The oil and gas company reported ($0.51) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.73) by $0.22. Hornbeck Offshore Services had a negative net margin of 48.34% and a negative return on equity of 7.00%. The firm had revenue of $53.70 million during the quarter, compared to the consensus estimate of $41.25 million. During the same period last year, the firm posted ($0.45) EPS. The firm’s quarterly revenue was up 3.5% on a year-over-year basis.
Several equities analysts recently issued reports on HOS shares. ValuEngine raised shares of Hornbeck Offshore Services from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. Zacks Investment Research raised shares of Hornbeck Offshore Services from a “sell” rating to a “hold” rating in a report on Thursday, September 21st. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $3.50 target price on shares of Hornbeck Offshore Services in a research note on Thursday, August 3rd. Finally, Seaport Global Securities reaffirmed a “neutral” rating on shares of Hornbeck Offshore Services in a research note on Monday, August 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $4.00.
Hornbeck Offshore Services (NYSE HOS) opened at $4.37 on Tuesday. Hornbeck Offshore Services has a 1-year low of $1.51 and a 1-year high of $9.07. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.57 and a quick ratio of 3.57.
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Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Hornbeck Offshore Services by 3.6% in the first quarter. Vanguard Group Inc. now owns 1,817,179 shares of the oil and gas company’s stock worth $8,050,000 after acquiring an additional 62,489 shares during the last quarter. D.C. Capital Advisors Ltd raised its stake in shares of Hornbeck Offshore Services by 23.7% in the second quarter. D.C. Capital Advisors Ltd now owns 1,250,000 shares of the oil and gas company’s stock worth $3,538,000 after acquiring an additional 239,832 shares during the last quarter. Caspian Capital LP bought a new position in shares of Hornbeck Offshore Services in the second quarter worth about $2,147,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Hornbeck Offshore Services in the second quarter worth about $1,957,000. Finally, California Public Employees Retirement System raised its stake in shares of Hornbeck Offshore Services by 41.3% in the second quarter. California Public Employees Retirement System now owns 502,300 shares of the oil and gas company’s stock worth $1,422,000 after acquiring an additional 146,900 shares during the last quarter. 86.61% of the stock is owned by institutional investors.
About Hornbeck Offshore Services
Hornbeck Offshore Services Inc provides marine transportation, subsea installation and accommodation support services to exploration and production, oilfield service, offshore construction and the United States military customers. The Company focuses on providing marine solutions for the deepwater and ultradeepwater energy industry in domestic and select foreign locations.
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