Hornbeck Offshore Services, Inc. (HOS) Expected to Announce Earnings of -$0.65 Per Share

Analysts expect Hornbeck Offshore Services, Inc. (NYSE:HOS) to report ($0.65) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Hornbeck Offshore Services’ earnings, with the highest EPS estimate coming in at ($0.61) and the lowest estimate coming in at ($0.70). Hornbeck Offshore Services posted earnings of ($0.51) per share during the same quarter last year, which suggests a negative year over year growth rate of 27.5%. The firm is expected to report its next quarterly earnings results on Wednesday, November 7th.

On average, analysts expect that Hornbeck Offshore Services will report full-year earnings of ($3.12) per share for the current year, with EPS estimates ranging from ($3.23) to ($3.04). For the next financial year, analysts anticipate that the firm will report earnings of ($2.58) per share, with EPS estimates ranging from ($2.75) to ($2.29). Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Hornbeck Offshore Services.

Hornbeck Offshore Services (NYSE:HOS) last issued its quarterly earnings results on Wednesday, August 1st. The oil and gas company reported ($0.67) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.73) by $0.06. The firm had revenue of $58.43 million for the quarter, compared to analysts’ expectations of $56.50 million. Hornbeck Offshore Services had a negative return on equity of 7.13% and a net margin of 5.27%.

A number of brokerages recently weighed in on HOS. ValuEngine raised Hornbeck Offshore Services from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 2nd. Zacks Investment Research raised Hornbeck Offshore Services from a “sell” rating to a “hold” rating in a research note on Wednesday, October 3rd. Finally, Clarkson Capital raised Hornbeck Offshore Services from a “neutral” rating to a “buy” rating in a research note on Friday, June 22nd.

Large investors have recently added to or reduced their stakes in the business. Gagnon Securities LLC grew its stake in Hornbeck Offshore Services by 94.6% during the 2nd quarter. Gagnon Securities LLC now owns 31,469 shares of the oil and gas company’s stock valued at $125,000 after acquiring an additional 15,294 shares in the last quarter. Royal Bank of Canada grew its stake in Hornbeck Offshore Services by 154.1% during the 1st quarter. Royal Bank of Canada now owns 48,550 shares of the oil and gas company’s stock valued at $141,000 after acquiring an additional 29,440 shares in the last quarter. Sheets Smith Wealth Management purchased a new position in Hornbeck Offshore Services during the 2nd quarter valued at about $220,000. Northern Trust Corp grew its stake in Hornbeck Offshore Services by 18.5% during the 2nd quarter. Northern Trust Corp now owns 129,572 shares of the oil and gas company’s stock valued at $513,000 after acquiring an additional 20,256 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Hornbeck Offshore Services by 722.0% during the 1st quarter. JPMorgan Chase & Co. now owns 201,713 shares of the oil and gas company’s stock valued at $587,000 after acquiring an additional 177,174 shares in the last quarter. 60.73% of the stock is currently owned by institutional investors.

Shares of HOS opened at $4.57 on Tuesday. Hornbeck Offshore Services has a 1-year low of $2.68 and a 1-year high of $6.14. The company has a quick ratio of 3.00, a current ratio of 3.00 and a debt-to-equity ratio of 0.79.

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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