Zacks: Brokerages Expect Helix Energy Solutions Group, Inc. (NYSE:HLX) to Post $0.01 EPS

Wall Street analysts forecast that Helix Energy Solutions Group, Inc. (NYSE:HLX) will report earnings per share (EPS) of $0.01 for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Helix Energy Solutions Group’s earnings, with the lowest EPS estimate coming in at ($0.02) and the highest estimate coming in at $0.05. Helix Energy Solutions Group reported earnings per share of $0.10 in the same quarter last year, which suggests a negative year over year growth rate of 90%. The business is expected to issue its next earnings results on Wednesday, October 18th.

On average, analysts expect that Helix Energy Solutions Group will report full year earnings of ($0.16) per share for the current fiscal year, with EPS estimates ranging from ($0.24) to ($0.09). For the next financial year, analysts anticipate that the business will post earnings of $0.16 per share, with EPS estimates ranging from $0.10 to $0.27. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow Helix Energy Solutions Group.

Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings results on Sunday, July 23rd. The oil and gas company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by $0.01. Helix Energy Solutions Group had a negative return on equity of 1.21% and a negative net margin of 12.09%. The business had revenue of $150.30 million during the quarter, compared to the consensus estimate of $141.03 million. During the same quarter in the previous year, the business posted ($0.10) earnings per share. The company’s quarterly revenue was up 40.2% compared to the same quarter last year.

Several equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. Cowen and Company reissued an “outperform” rating and issued a $9.00 price target (down previously from $10.00) on shares of Helix Energy Solutions Group in a report on Tuesday, July 25th. Morgan Stanley reissued an “overweight” rating and issued a $8.00 price target (down previously from $15.00) on shares of Helix Energy Solutions Group in a report on Wednesday, June 21st. Finally, ValuEngine lowered shares of Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $9.96.

A number of large investors have recently made changes to their positions in HLX. Principal Financial Group Inc. raised its stake in shares of Helix Energy Solutions Group by 1.2% in the second quarter. Principal Financial Group Inc. now owns 1,072,633 shares of the oil and gas company’s stock valued at $6,050,000 after buying an additional 12,237 shares during the period. Keybank National Association OH raised its stake in Helix Energy Solutions Group by 1.1% in the second quarter. Keybank National Association OH now owns 155,000 shares of the oil and gas company’s stock valued at $874,000 after buying an additional 1,620 shares during the last quarter. American Century Companies Inc. raised its stake in Helix Energy Solutions Group by 31.2% in the second quarter. American Century Companies Inc. now owns 701,376 shares of the oil and gas company’s stock valued at $3,956,000 after buying an additional 166,956 shares during the last quarter. Victory Capital Management Inc. raised its stake in Helix Energy Solutions Group by 4.5% in the second quarter. Victory Capital Management Inc. now owns 6,082,041 shares of the oil and gas company’s stock valued at $34,303,000 after buying an additional 259,463 shares during the last quarter. Finally, William Blair Investment Management LLC raised its stake in Helix Energy Solutions Group by 1.3% in the second quarter. William Blair Investment Management LLC now owns 1,286,000 shares of the oil and gas company’s stock valued at $7,253,000 after buying an additional 16,187 shares during the last quarter. 88.55% of the stock is currently owned by hedge funds and other institutional investors.

Helix Energy Solutions Group (NYSE:HLX) traded down 0.50% on Thursday, hitting $6.00. 1,004,359 shares of the stock were exchanged. Helix Energy Solutions Group has a 1-year low of $4.82 and a 1-year high of $11.87. The stock’s market cap is $886.10 million. The company’s 50 day moving average is $5.68 and its 200 day moving average is $6.71.

TRADEMARK VIOLATION WARNING: “Zacks: Brokerages Expect Helix Energy Solutions Group, Inc. (NYSE:HLX) to Post $0.01 EPS” was originally posted by BNB Daily and is owned by of BNB Daily. If you are reading this report on another site, it was illegally copied and reposted in violation of United States & international copyright laws. The original version of this report can be viewed at https://www.baseball-news-blog.com/2017/08/19/zacks-brokerages-expect-helix-energy-solutions-group-inc-nysehlx-to-post-0-01-eps-updated.html.

Helix Energy Solutions Group Company Profile

Helix Energy Solutions Group, Inc is an international offshore energy services company. The Company provides services to the offshore energy industry, with a focus on well intervention and robotics operations. The Company operates in three segments: Well Intervention, Robotics and Production Facilities.

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Earnings History and Estimates for Helix Energy Solutions Group (NYSE:HLX)

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