Wall Street analysts expect Helix Energy Solutions Group, Inc. (NYSE:HLX) to report sales of $172.62 million for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Helix Energy Solutions Group’s earnings, with the lowest sales estimate coming in at $164.90 million and the highest estimate coming in at $177.00 million. Helix Energy Solutions Group reported sales of $193.49 million during the same quarter last year, which indicates a negative year-over-year growth rate of 10.8%. The business is expected to report its next quarterly earnings report on Wednesday, October 20th.
On average, analysts expect that Helix Energy Solutions Group will report full year sales of $0.00 for the current fiscal year. For the next fiscal year, analysts forecast that the business will report sales of $679.36 million, with estimates ranging from $668.89 million to $698.20 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Helix Energy Solutions Group.
Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings data on Sunday, July 25th. The oil and gas company reported ($0.09) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.09). Helix Energy Solutions Group had a net margin of 1.78% and a return on equity of 0.17%. The business had revenue of $161.94 million for the quarter, compared to analysts’ expectations of $167.79 million. During the same quarter last year, the company earned $0.04 EPS.
Large investors have recently bought and sold shares of the company. O Shaughnessy Asset Management LLC bought a new position in shares of Helix Energy Solutions Group during the 2nd quarter valued at about $46,000. Beacon Pointe Advisors LLC bought a new position in shares of Helix Energy Solutions Group during the 2nd quarter valued at about $63,000. Royal Bank of Canada boosted its position in shares of Helix Energy Solutions Group by 490.0% during the 2nd quarter. Royal Bank of Canada now owns 11,800 shares of the oil and gas company’s stock valued at $67,000 after purchasing an additional 9,800 shares in the last quarter. Squarepoint Ops LLC bought a new position in shares of Helix Energy Solutions Group during the 1st quarter valued at about $69,000. Finally, Price T Rowe Associates Inc. MD acquired a new position in shares of Helix Energy Solutions Group in the second quarter worth about $69,000. Institutional investors own 93.52% of the company’s stock.
HLX stock opened at $3.80 on Friday. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.16. Helix Energy Solutions Group has a fifty-two week low of $2.20 and a fifty-two week high of $6.76. The firm’s 50-day simple moving average is $3.91 and its 200 day simple moving average is $4.83. The stock has a market cap of $573.02 million, a PE ratio of 47.51 and a beta of 3.36.
About Helix Energy Solutions Group
Helix Energy Solutions Group, Inc is an international offshore energy company. It focuses on subsea construction, maintenance and salvage services to the offshore natural gas and oil industry. The firm also provides specialty services to the offshore energy industry, with a focus on well intervention and robotics operations.
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