Analysts predict that McDermott International Inc (NYSE:MDR) will announce earnings per share of $0.05 for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for McDermott International’s earnings, with the highest EPS estimate coming in at $0.09 and the lowest estimate coming in at $0.01. McDermott International reported earnings per share of $0.08 in the same quarter last year, which suggests a negative year over year growth rate of 37.5%. The company is scheduled to issue its next quarterly earnings results on Tuesday, April 24th.
According to Zacks, analysts expect that McDermott International will report full year earnings of $0.46 per share for the current financial year, with EPS estimates ranging from $0.45 to $0.47. For the next fiscal year, analysts forecast that the business will report earnings of $0.50 per share. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for McDermott International.
McDermott International (NYSE:MDR) last announced its quarterly earnings data on Wednesday, February 21st. The oil and gas company reported $0.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.06. McDermott International had a net margin of 5.98% and a return on equity of 10.68%. The company had revenue of $718.10 million during the quarter, compared to analysts’ expectations of $744.57 million. During the same quarter in the prior year, the company earned $0.02 EPS. The firm’s revenue was up 11.9% on a year-over-year basis.
Several large investors have recently bought and sold shares of MDR. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of McDermott International in the 4th quarter worth about $103,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of McDermott International by 93.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,937 shares of the oil and gas company’s stock worth $111,000 after purchasing an additional 8,176 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in shares of McDermott International in the 3rd quarter worth about $112,000. Icon Wealth Partners LLC purchased a new stake in shares of McDermott International in the 4th quarter worth about $115,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in shares of McDermott International in the 4th quarter worth about $118,000. 97.73% of the stock is owned by hedge funds and other institutional investors.
Shares of McDermott International (NYSE MDR) traded up $0.11 during trading on Wednesday, hitting $7.77. 5,761,037 shares of the stock were exchanged, compared to its average volume of 6,793,611. McDermott International has a 12 month low of $5.56 and a 12 month high of $9.07. The stock has a market cap of $2,192.73, a PE ratio of 12.33 and a beta of 1.68. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.29.
McDermott International Company Profile
McDermott International, Inc is a provider of integrated engineering, procurement, construction and installation (EPCI), front-end engineering and design (FEED) and module fabrication services for upstream field developments across the world. The Company delivers fixed and floating production facilities, pipeline installations and subsea systems from concept to commissioning for offshore and subsea oil and gas projects.
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