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

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

SEACOR Marine Stock Performance

SMHI traded up $0.10 during trading on Wednesday, hitting $8.94. 124,522 shares of the stock were exchanged, compared to its average volume of 113,740. The company has a quick ratio of 2.35, a current ratio of 2.38 and a debt-to-equity ratio of 1.15. SEACOR Marine has a 1-year low of $5.75 and a 1-year high of $10.00. The stock has a fifty day moving average price of $9.05 and a two-hundred day moving average price of $7.92. The firm has a market capitalization of $242.54 million, a P/E ratio of -12.59 and a beta of 1.16.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of SEACOR Marine in a research note on Thursday, October 15th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $10.00.

Insider Activity

In other news, CFO Jesús Llorca sold 4,000 shares of SEACOR Marine stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $10.00, for a total value of $40,000.00. Following the transaction, the chief financial officer directly owned 382,981 shares of the company’s stock, valued at $3,829,810. The trade was a 1.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Gregory Rossmiller sold 27,741 shares of SEACOR Marine stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $9.16, for a total transaction of $254,107.56. Following the completion of the transaction, the chief accounting officer directly owned 244,506 shares in the company, valued at $2,239,674.96. The trade was a 10.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 194,909 shares of company stock valued at $1,808,687. 16.80% of the stock is currently owned by company insiders.

About SEACOR Marine

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.