$0.14 EPS Expected for Helix Energy Solutions Group Inc (HLX) This Quarter

Wall Street brokerages expect that Helix Energy Solutions Group Inc (NYSE:HLX) will post earnings of $0.14 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Helix Energy Solutions Group’s earnings. The lowest EPS estimate is $0.13 and the highest is $0.16. Helix Energy Solutions Group reported earnings per share of $0.12 in the same quarter last year, which would suggest a positive year-over-year growth rate of 16.7%. The company is scheduled to issue its next quarterly earnings results on Monday, July 22nd.

According to Zacks, analysts expect that Helix Energy Solutions Group will report full-year earnings of $0.28 per share for the current fiscal year, with EPS estimates ranging from $0.22 to $0.33. For the next financial year, analysts anticipate that the company will report earnings of $0.36 per share, with EPS estimates ranging from $0.33 to $0.42. Zacks’ EPS calculations are an average based on a survey of research firms that cover Helix Energy Solutions Group.

Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly earnings data on Monday, April 22nd. The oil and gas company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.03. Helix Energy Solutions Group had a net margin of 4.37% and a return on equity of 2.00%. The business had revenue of $166.82 million for the quarter, compared to the consensus estimate of $162.82 million. During the same quarter last year, the company posted ($0.02) earnings per share. Helix Energy Solutions Group’s quarterly revenue was up 1.6% on a year-over-year basis.

A number of research firms have weighed in on HLX. Johnson Rice upgraded shares of Helix Energy Solutions Group from an “accumulate” rating to a “buy” rating in a research note on Wednesday, April 24th. Zacks Investment Research downgraded shares of Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research note on Thursday, February 21st. Cowen reiterated an “outperform” rating and set a $10.00 price target (down previously from $11.00) on shares of Helix Energy Solutions Group in a research note on Thursday, February 21st. Finally, ValuEngine upgraded shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research note on Saturday, January 19th.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Meeder Asset Management Inc. lifted its holdings in shares of Helix Energy Solutions Group by 1,573.9% during the fourth quarter. Meeder Asset Management Inc. now owns 5,507 shares of the oil and gas company’s stock valued at $30,000 after acquiring an additional 5,178 shares during the period. NumerixS Investment Technologies Inc raised its holdings in shares of Helix Energy Solutions Group by 271.4% in the first quarter. NumerixS Investment Technologies Inc now owns 7,800 shares of the oil and gas company’s stock valued at $60,000 after buying an additional 5,700 shares during the last quarter. Advisor Group Inc. raised its holdings in shares of Helix Energy Solutions Group by 34.2% in the fourth quarter. Advisor Group Inc. now owns 8,726 shares of the oil and gas company’s stock valued at $47,000 after buying an additional 2,226 shares during the last quarter. Quantamental Technologies LLC bought a new position in shares of Helix Energy Solutions Group in the first quarter valued at about $69,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Helix Energy Solutions Group by 46.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,846 shares of the oil and gas company’s stock valued at $53,000 after buying an additional 3,102 shares during the last quarter. Hedge funds and other institutional investors own 95.91% of the company’s stock.

HLX opened at $7.43 on Monday. Helix Energy Solutions Group has a fifty-two week low of $5.05 and a fifty-two week high of $10.89. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.81 and a current ratio of 1.81. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 39.11 and a beta of 2.75.

Helix Energy Solutions Group Company Profile

Helix Energy Solutions Group, Inc, an offshore energy services company, provides specialty services to the offshore energy industry primarily in Brazil, the Gulf of Mexico, North Sea, the Asia Pacific, and West Africa regions. The company operates through three segments: Well Intervention, Robotics, and Production Facilities.

Further Reading: What are different types of coverage ratios?

Get a free copy of the Zacks research report on Helix Energy Solutions Group (HLX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Helix Energy Solutions Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Helix Energy Solutions Group and related companies with MarketBeat.com's FREE daily email newsletter.