Analysts forecast that Hornbeck Offshore Services (NYSE:HOS) will report $56.50 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Hornbeck Offshore Services’ earnings. The highest sales estimate is $58.70 million and the lowest is $52.60 million. Hornbeck Offshore Services posted sales of $37.43 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 50.9%. The firm is scheduled to issue its next earnings report on Wednesday, August 1st.
According to Zacks, analysts expect that Hornbeck Offshore Services will report full-year sales of $223.57 million for the current fiscal year, with estimates ranging from $204.40 million to $240.20 million. For the next financial year, analysts expect that the company will post sales of $287.23 million per share, with estimates ranging from $278.60 million to $294.90 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow Hornbeck Offshore Services.
Hornbeck Offshore Services (NYSE:HOS) last announced its earnings results on Wednesday, May 2nd. The oil and gas company reported ($1.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.71) by ($0.33). The business had revenue of $41.59 million during the quarter, compared to the consensus estimate of $50.37 million. Hornbeck Offshore Services had a net margin of 8.82% and a negative return on equity of 7.48%.
A number of brokerages have recently issued reports on HOS. Zacks Investment Research cut shares of Hornbeck Offshore Services from a “hold” rating to a “sell” rating in a research report on Tuesday, February 13th. ValuEngine raised shares of Hornbeck Offshore Services from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Three equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. Hornbeck Offshore Services currently has a consensus rating of “Sell” and an average target price of $3.33.
Shares of Hornbeck Offshore Services opened at $3.50 on Wednesday, Marketbeat reports. Hornbeck Offshore Services has a 52-week low of $1.51 and a 52-week high of $4.87. The company has a quick ratio of 3.99, a current ratio of 3.99 and a debt-to-equity ratio of 0.77.
A number of hedge funds have recently bought and sold shares of the stock. California Public Employees Retirement System raised its stake in Hornbeck Offshore Services by 3.8% in the fourth quarter. California Public Employees Retirement System now owns 656,630 shares of the oil and gas company’s stock valued at $2,042,000 after purchasing an additional 23,957 shares in the last quarter. Millennium Management LLC raised its stake in Hornbeck Offshore Services by 59.1% in the first quarter. Millennium Management LLC now owns 404,031 shares of the oil and gas company’s stock valued at $1,176,000 after purchasing an additional 150,066 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Hornbeck Offshore Services by 722.0% in the first quarter. JPMorgan Chase & Co. now owns 201,713 shares of the oil and gas company’s stock valued at $587,000 after purchasing an additional 177,174 shares in the last quarter. MML Investors Services LLC raised its stake in Hornbeck Offshore Services by 117.3% in the fourth quarter. MML Investors Services LLC now owns 138,224 shares of the oil and gas company’s stock valued at $430,000 after purchasing an additional 74,603 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in Hornbeck Offshore Services by 154.1% in the first quarter. Royal Bank of Canada now owns 48,550 shares of the oil and gas company’s stock valued at $141,000 after purchasing an additional 29,440 shares in the last quarter. 64.16% of the stock is owned by institutional investors and hedge funds.
Hornbeck Offshore Services Company Profile
Hornbeck Offshore Services, Inc, together with its subsidiaries, provides marine transportation, subsea installation, and accommodation support services to exploration and production, oilfield service, offshore construction, and the U.S. military customers. It operates offshore supply vessels (OSVs), multi-purpose support vessels (MPSVs), and a shore-based facility to provide logistics support and specialty services to the offshore oil and gas exploration and production industry, primarily in the U.S.
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