SEACOR Marine (SMHI) Issues Earnings Results

SEACOR Marine (NYSE:SMHI) announced its quarterly earnings results on Friday. The company reported ($1.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.60) by ($0.51), MarketWatch Earnings reports. The business had revenue of $56.25 million for the quarter. SEACOR Marine had a negative return on equity of 11.96% and a negative net margin of 30.60%.

Shares of SMHI opened at $13.55 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.14 and a quick ratio of 2.10. SEACOR Marine has a 12 month low of $11.42 and a 12 month high of $26.20.

A hedge fund recently raised its stake in SEACOR Marine stock. Geode Capital Management LLC boosted its holdings in shares of SEACOR Marine Holdings Inc (NYSE:SMHI) by 17.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 195,874 shares of the company’s stock after purchasing an additional 29,209 shares during the period. Geode Capital Management LLC owned about 0.96% of SEACOR Marine worth $2,303,000 as of its most recent SEC filing. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Separately, ValuEngine cut shares of SEACOR Marine from a “hold” rating to a “sell” rating in a research note on Thursday, February 28th.

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About SEACOR Marine

Seacor Marine Holdings, Inc engages in the provision of offshore marine business. It offers global marine and support transportation services to offshore oil & gas exploration, development, and production facilities. The company involves in the operation of support and specialty vessels for and among independent oil, gas exploration, production, and emerging independent companies.

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Earnings History for SEACOR Marine (NYSE:SMHI)

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