SEACOR Marine (NYSE:SMHI) Posts Earnings Results, Beats Expectations By $1.36 EPS

SEACOR Marine (NYSE:SMHI) announced its quarterly earnings results on Wednesday. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.24) by $1.36, FiscalAI reports. The business had revenue of $54.63 million for the quarter, compared to the consensus estimate of $45.60 million. SEACOR Marine had a negative return on equity of 12.38% and a negative net margin of 13.00%.

SEACOR Marine Stock Performance

Shares of NYSE SMHI traded up $1.72 during midday trading on Thursday, reaching $9.44. 442,153 shares of the company traded hands, compared to its average volume of 120,165. The company has a market cap of $255.55 million, a price-to-earnings ratio of -8.69 and a beta of 1.10. The stock has a 50-day moving average price of $7.57 and a 200 day moving average price of $7.34. SEACOR Marine has a 52 week low of $4.70 and a 52 week high of $9.50. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.36 and a quick ratio of 2.32.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of SEACOR Marine in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $10.00.

Insider Buying and Selling at SEACOR Marine

In other SEACOR Marine news, VP Andrew H. Everett II sold 10,565 shares of the business’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $8.04, for a total transaction of $84,942.60. Following the sale, the vice president directly owned 273,595 shares in the company, valued at approximately $2,199,703.80. The trade was a 3.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Gregory Scott Rossmiller sold 9,670 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $7.27, for a total value of $70,300.90. Following the completion of the sale, the chief accounting officer owned 285,071 shares of the company’s stock, valued at $2,072,466.17. This trade represents a 3.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 83,162 shares of company stock valued at $647,224. Company insiders own 16.80% of the company’s stock.

Institutional Investors Weigh In On SEACOR Marine

A number of institutional investors and hedge funds have recently bought and sold shares of SMHI. Geode Capital Management LLC lifted its position in shares of SEACOR Marine by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 485,730 shares of the company’s stock valued at $2,925,000 after acquiring an additional 5,117 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in SEACOR Marine by 21.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 171,390 shares of the company’s stock worth $1,112,000 after acquiring an additional 29,955 shares in the last quarter. Glenorchy Capital Ltd boosted its position in SEACOR Marine by 2.5% during the 2nd quarter. Glenorchy Capital Ltd now owns 185,232 shares of the company’s stock worth $945,000 after acquiring an additional 4,574 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of SEACOR Marine by 12.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 110,479 shares of the company’s stock worth $665,000 after purchasing an additional 12,041 shares during the period. Finally, Barclays PLC grew its position in SEACOR Marine by 9.5% during the fourth quarter. Barclays PLC now owns 58,185 shares of the company’s stock valued at $350,000 after purchasing an additional 5,060 shares in the last quarter. 59.05% of the stock is owned by institutional investors and hedge funds.

About SEACOR Marine

SEACOR Marine (NYSE:SMHI) is a U.S.-based provider of offshore marine transportation and support services, offering a fleet of platform supply vessels (PSVs), crew transfer vessels, and specialty craft designed for the energy sector. The company serves clients engaged in offshore oil and gas exploration and production, as well as emerging offshore wind and renewable energy projects. Its services include cargo and personnel transfer, subsea support, emergency response, and project logistics.

Formed through the combination of SEACOR Holdings’ offshore marine division and acquired assets from Hornbeck Offshore Services, SEACOR Marine brings together a broad range of technical expertise and vessel capabilities.