Subsea 7 S.A. (OTCMKTS:SUBCY) to Post Q3 2022 Earnings of $0.08 Per Share, Jefferies Financial Group Forecasts

Subsea 7 S.A. (OTCMKTS:SUBCY – Get Rating) – Stock analysts at Jefferies Financial Group raised their Q3 2022 EPS estimates for shares of Subsea 7 in a report issued on Wednesday, April 20th. Jefferies Financial Group analyst M. Wilson now anticipates that the energy company will post earnings per share of $0.08 for the quarter, up from their previous estimate of $0.06. Jefferies Financial Group also issued estimates for Subsea 7’s Q1 2023 earnings at $0.11 EPS, Q3 2023 earnings at $0.18 EPS and Q1 2024 earnings at $0.09 EPS.

Subsea 7 (OTCMKTS:SUBCY – Get Rating) last issued its quarterly earnings results on Thursday, March 3rd. The energy company reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.08). Subsea 7 had a net margin of 0.63% and a return on equity of 0.74%. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.31 billion.

SUBCY has been the topic of several other reports. JPMorgan Chase & Co. boosted their price target on Subsea 7 from 84.00 to 86.00 in a research note on Thursday, February 17th. Barclays boosted their price objective on Subsea 7 from 110.00 to 125.00 and gave the company an “overweight” rating in a report on Thursday, April 14th. Finally, Zacks Investment Research downgraded Subsea 7 from a “buy” rating to a “hold” rating in a report on Wednesday. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $78.40.

Shares of SUBCY opened at $9.48 on Thursday. Subsea 7 has a 52-week low of $6.47 and a 52-week high of $10.85. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.23 and a current ratio of 1.25. The business’s 50 day moving average price is $8.51 and its two-hundred day moving average price is $8.19. The firm has a market cap of $2.82 billion, a PE ratio of 86.19 and a beta of 1.92.

Subsea 7 Company Profile (Get Rating)

Subsea 7 SA delivers offshore projects and services for the evolving energy industry worldwide. It provides subsea field development products and services, including project management, design and engineering, procurement, fabrication, survey, installation, and commissioning of production facilities on the seabed and the tie-back of its facilities to fixed or floating platforms or to the shore.

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