Zacks: Brokerages Anticipate Hornbeck Offshore Services (HOS) Will Announce Quarterly Sales of $39.47 Million
Equities analysts expect Hornbeck Offshore Services (NYSE:HOS) to post $39.47 million in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Hornbeck Offshore Services’ earnings, with the highest sales estimate coming in at $41.00 million and the lowest estimate coming in at $38.00 million. Hornbeck Offshore Services posted sales of $41.88 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 5.8%. The firm is scheduled to issue its next earnings report on Wednesday, February 21st.
On average, analysts expect that Hornbeck Offshore Services will report full year sales of $39.47 million for the current year, with estimates ranging from $150.78 million to $166.80 million. For the next financial year, analysts anticipate that the company will post sales of $196.24 million per share, with estimates ranging from $167.00 million to $232.84 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for 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) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.73) by $0.22. The business had revenue of $53.70 million during the quarter, compared to analysts’ expectations of $41.25 million. Hornbeck Offshore Services had a negative return on equity of 7.00% and a negative net margin of 48.34%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.45) EPS.
Several brokerages recently commented on HOS. ValuEngine raised Hornbeck Offshore Services from a “strong sell” rating to a “sell” rating in a research note on Thursday, November 9th. Zacks Investment Research cut Hornbeck Offshore Services from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Seaport Global Securities reaffirmed a “neutral” rating on shares of Hornbeck Offshore Services in a research report on Monday, August 7th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $3.50 target price on shares of Hornbeck Offshore Services in a research report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $4.00.
Institutional investors have recently made changes to their positions in the business. MML Investors Services LLC boosted its position in Hornbeck Offshore Services by 17.3% during the second quarter. MML Investors Services LLC now owns 54,300 shares of the oil and gas company’s stock worth $154,000 after purchasing an additional 8,000 shares during the period. Brandes Investment Partners LP boosted its position in Hornbeck Offshore Services by 316.7% during the third quarter. Brandes Investment Partners LP now owns 66,503 shares of the oil and gas company’s stock worth $269,000 after purchasing an additional 50,545 shares during the period. LMR Partners LLP bought a new stake in Hornbeck Offshore Services during the second quarter worth approximately $273,000. Goldman Sachs Group Inc. boosted its position in Hornbeck Offshore Services by 86.3% during the second quarter. Goldman Sachs Group Inc. now owns 117,476 shares of the oil and gas company’s stock worth $332,000 after purchasing an additional 54,431 shares during the period. Finally, KBC Group NV boosted its position in shares of Hornbeck Offshore Services by 67.6% in the second quarter. KBC Group NV now owns 172,315 shares of the oil and gas company’s stock valued at $488,000 after acquiring an additional 69,514 shares during the period. 82.36% of the stock is owned by hedge funds and other institutional investors.
Shares of Hornbeck Offshore Services (HOS) opened at $3.81 on Friday. Hornbeck Offshore Services has a 12 month low of $1.51 and a 12 month high of $9.07. The company has a current ratio of 3.61, a quick ratio of 3.61 and a debt-to-equity ratio of 0.75.
Hornbeck Offshore Services Company Profile
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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