Jefferies Financial Group Equities Analysts Cut Earnings Estimates for Subsea 7 S.A. (OTCMKTS:SUBCY)

Subsea 7 S.A. (OTCMKTS:SUBCY – Get Rating) – Equities researchers at Jefferies Financial Group reduced their FY2023 earnings per share estimates for shares of Subsea 7 in a note issued to investors on Thursday, May 19th. Jefferies Financial Group analyst M. Wilson now expects that the energy company will post earnings of $0.54 per share for the year, down from their previous forecast of $0.58. Jefferies Financial Group also issued estimates for Subsea 7’s FY2024 earnings at $0.49 EPS and FY2025 earnings at $0.57 EPS.

Subsea 7 (OTCMKTS:SUBCY – Get Rating) last issued its quarterly earnings data on Thursday, March 3rd. The energy company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.08). The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.31 billion. Subsea 7 had a net margin of 0.29% and a return on equity of 0.35%.

A number of other brokerages have also weighed in on SUBCY. JPMorgan Chase & Co. lifted their price target on shares of Subsea 7 from 84.00 to 86.00 in a research note on Thursday, February 17th. Zacks Investment Research lowered shares of Subsea 7 from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Finally, Barclays upped their price target on shares of Subsea 7 from 110.00 to 125.00 and gave the stock an “overweight” rating in a research report on Thursday, April 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $78.40.

Shares of OTCMKTS SUBCY opened at $9.71 on Friday. The stock has a market cap of $2.89 billion, a P/E ratio of 186.20 and a beta of 1.86. The firm has a 50 day moving average price of $9.08 and a 200 day moving average price of $8.16. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.23 and a current ratio of 1.25. Subsea 7 has a 52-week low of $6.47 and a 52-week high of $10.85.

The firm also recently disclosed a dividend, which was paid on Friday, May 6th. Investors of record on Friday, April 29th were issued a $0.1125 dividend. The ex-dividend date was Thursday, April 28th. This represents a yield of 1.21%. Subsea 7’s dividend payout ratio (DPR) is presently 220.00%.

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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