Subsea 7 (OTCMKTS:SUBCY - Get Free Report) is anticipated to release its earnings data before the market opens on Thursday, April 24th. Analysts expect Subsea 7 to post earnings of ($0.03) per share and revenue of $1.46 billion for the quarter. Investors interested in registering for the company's conference call can do so using this link.
Subsea 7 (OTCMKTS:SUBCY - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The energy company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.15). Subsea 7 had a net margin of 1.63% and a return on equity of 2.37%. The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.81 billion. On average, analysts expect Subsea 7 to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Subsea 7 Stock Up 2.6 %
Shares of SUBCY stock traded up $0.36 during midday trading on Friday, reaching $14.20. 2,630 shares of the stock were exchanged, compared to its average volume of 5,750. The company has a current ratio of 1.07, a quick ratio of 1.05 and a debt-to-equity ratio of 0.16. Subsea 7 has a 1 year low of $12.15 and a 1 year high of $19.60. The firm has a market cap of $4.29 billion, a PE ratio of 70.98 and a beta of 1.38. The company's 50 day moving average is $15.09 and its two-hundred day moving average is $15.86.
Analysts Set New Price Targets
Separately, Barclays raised shares of Subsea 7 from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 4th.
Get Our Latest Analysis on Subsea 7
Subsea 7 Company Profile
(
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Subsea 7 SA delivers offshore projects and services for the energy industry worldwide. It provides subsea field development products and services, including project management, design and engineering, procurement, fabrication, survey, installation, and commissioning of production facilities on the seabed and the tie-back of its facilities to fixed or floating platforms or to the shore.
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