-$0.10 Earnings Per Share Expected for Oceaneering International, Inc. (NYSE:OII) This Quarter

Equities analysts expect that Oceaneering International, Inc. (NYSE:OIIGet Rating) will report ($0.10) earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for Oceaneering International’s earnings. The highest EPS estimate is ($0.03) and the lowest is ($0.17). Oceaneering International posted earnings per share of $0.03 during the same quarter last year, which would suggest a negative year over year growth rate of 433.3%. The business is scheduled to report its next earnings results after the market closes on Monday, January 1st.

On average, analysts expect that Oceaneering International will report full year earnings of $0.34 per share for the current fiscal year, with EPS estimates ranging from $0.04 to $0.53. For the next year, analysts anticipate that the company will report earnings of $0.66 per share, with EPS estimates ranging from $0.16 to $1.04. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover Oceaneering International.

Oceaneering International (NYSE:OIIGet Rating) last posted its quarterly earnings data on Thursday, February 24th. The oil and gas company reported $0.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.02. Oceaneering International had a negative net margin of 2.64% and a positive return on equity of 3.09%. The business had revenue of $466.71 million during the quarter, compared to the consensus estimate of $467.96 million. During the same period in the previous year, the firm posted $0.02 earnings per share. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year.

OII has been the subject of a number of research reports. Piper Sandler boosted their target price on shares of Oceaneering International from $22.50 to $25.00 and gave the stock an “overweight” rating in a research note on Monday. StockNews.com started coverage on shares of Oceaneering International in a research report on Thursday, March 31st. They issued a “buy” rating on the stock. Four analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $17.33.

OII opened at $15.06 on Thursday. Oceaneering International has a fifty-two week low of $9.41 and a fifty-two week high of $18.20. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.06 and a current ratio of 2.37. The company has a fifty day moving average of $15.23 and a two-hundred day moving average of $13.71. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of -30.73 and a beta of 3.03.

Large investors have recently bought and sold shares of the business. First Trust Advisors LP lifted its position in Oceaneering International by 141.7% during the first quarter. First Trust Advisors LP now owns 140,671 shares of the oil and gas company’s stock valued at $2,218,000 after buying an additional 82,474 shares in the last quarter. Morgan Stanley lifted its holdings in Oceaneering International by 189.0% in the second quarter. Morgan Stanley now owns 1,353,029 shares of the oil and gas company’s stock worth $21,067,000 after purchasing an additional 884,814 shares during the period. Strs Ohio lifted its holdings in Oceaneering International by 59.1% in the third quarter. Strs Ohio now owns 52,500 shares of the oil and gas company’s stock worth $699,000 after purchasing an additional 19,500 shares during the period. Maryland State Retirement & Pension System acquired a new stake in Oceaneering International in the 3rd quarter valued at about $525,000. Finally, Nordea Investment Management AB lifted its holdings in Oceaneering International by 98.4% in the 3rd quarter. Nordea Investment Management AB now owns 740,652 shares of the oil and gas company’s stock valued at $9,946,000 after acquiring an additional 367,332 shares during the last quarter. Hedge funds and other institutional investors own 86.47% of the company’s stock.

About Oceaneering International (Get Rating)

Oceaneering International, Inc provides engineered services, products, and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries worldwide. The company's Subsea Robotics segment provides remotely operated vehicles (ROVs) for drill support and vessel-based services, including subsea hardware installation, construction, pipeline inspection, survey and facilities inspection, maintenance, and repair.

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