SEACOR Marine (NYSE:SMHI) Releases Quarterly Earnings Results, Beats Expectations By $1.36 EPS

SEACOR Marine (NYSE:SMHI) released its earnings results on Wednesday. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of ($1.24) by $1.36, FiscalAI reports. SEACOR Marine had a negative net margin of 8.62% and a negative return on equity of 8.63%. The company had revenue of $54.63 million during the quarter, compared to the consensus estimate of $45.60 million.

SEACOR Marine Trading Down 1.5%

Shares of NYSE:SMHI traded down $0.14 during midday trading on Friday, reaching $9.39. The company had a trading volume of 47,618 shares, compared to its average volume of 121,624. The company has a debt-to-equity ratio of 1.20, a quick ratio of 2.32 and a current ratio of 2.36. SEACOR Marine has a 1-year low of $4.70 and a 1-year high of $9.61. The firm has a market cap of $254.25 million, a price-to-earnings ratio of -13.22 and a beta of 1.10. The company has a fifty day simple moving average of $7.61 and a two-hundred day simple moving average of $7.37.

Insider Activity at SEACOR Marine

In other SEACOR Marine news, CFO Jesus Llorca sold 14,461 shares of SEACOR Marine stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $8.03, for a total transaction of $116,121.83. Following the transaction, the chief financial officer directly owned 497,406 shares in the company, valued at approximately $3,994,170.18. The trade was a 2.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Andrew H. Everett II sold 10,565 shares of the business’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $8.04, for a total transaction of $84,942.60. Following the sale, the vice president directly owned 273,595 shares in the company, valued at approximately $2,199,703.80. This trade represents a 3.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 83,162 shares of company stock worth $647,224. 16.80% of the stock is owned by corporate insiders.

Institutional Trading of SEACOR Marine

Several hedge funds and other institutional investors have recently modified their holdings of SMHI. BNP Paribas Financial Markets boosted its stake in shares of SEACOR Marine by 75.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,962 shares of the company’s stock worth $26,000 after acquiring an additional 1,699 shares in the last quarter. Glenorchy Capital Ltd raised its stake in shares of SEACOR Marine by 2.5% in the 2nd quarter. Glenorchy Capital Ltd now owns 185,232 shares of the company’s stock valued at $945,000 after acquiring an additional 4,574 shares in the last quarter. Barclays PLC raised its stake in shares of SEACOR Marine by 9.5% in the 4th quarter. Barclays PLC now owns 58,185 shares of the company’s stock valued at $350,000 after acquiring an additional 5,060 shares in the last quarter. Geode Capital Management LLC lifted its holdings in SEACOR Marine by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 485,730 shares of the company’s stock worth $2,925,000 after purchasing an additional 5,117 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in SEACOR Marine by 289.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 9,962 shares of the company’s stock worth $51,000 after purchasing an additional 7,406 shares during the last quarter. Institutional investors and hedge funds own 59.05% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of SEACOR Marine in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, SEACOR Marine currently has an average rating of “Hold” and an average price target of $10.00.

About SEACOR Marine

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.