Wall Street analysts expect Hornbeck Offshore Services, Inc. (NYSE:HOS) to report sales of $56.50 million for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Hornbeck Offshore Services’ earnings, with the lowest sales estimate coming in at $52.60 million and the highest estimate coming in at $58.70 million. Hornbeck Offshore Services reported sales of $37.43 million during the same quarter last year, which indicates a positive year-over-year growth rate of 50.9%. The business is expected to report its next quarterly earnings report on Wednesday, August 1st.
On average, 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 fiscal year, analysts forecast that the business will report sales of $287.23 million per share, with estimates ranging from $278.60 million to $294.90 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Hornbeck Offshore Services.
Hornbeck Offshore Services (NYSE:HOS) last posted its quarterly earnings results on Wednesday, May 2nd. The oil and gas company reported ($1.04) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.71) by ($0.33). The business had revenue of $41.59 million for 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%.
NYSE:HOS traded down $0.04 on Friday, reaching $3.30. 149,424 shares of the company’s stock traded hands, compared to its average volume of 201,404. The company has a quick ratio of 3.99, a current ratio of 3.99 and a debt-to-equity ratio of 0.77. The stock has a market cap of $125.23 million, a PE ratio of -1.33 and a beta of 1.14. Hornbeck Offshore Services has a 12 month low of $1.74 and a 12 month high of $4.87.
Several institutional investors have recently modified their holdings of HOS. JPMorgan Chase & Co. grew its position in shares of Hornbeck Offshore Services by 722.0% during 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. Millennium Management LLC grew its position in shares of Hornbeck Offshore Services by 59.1% during 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. MML Investors Services LLC grew its position in shares of Hornbeck Offshore Services by 117.3% during 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. Renaissance Technologies LLC purchased a new position in shares of Hornbeck Offshore Services during the fourth quarter valued at about $151,000. Finally, Monashee Investment Management LLC purchased a new position in shares of Hornbeck Offshore Services during the fourth quarter valued at about $115,000. Hedge funds and other institutional investors own 62.79% of the company’s stock.
About Hornbeck Offshore Services
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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