Subsea 7 (SUBCY) Expected to Announce Earnings on Thursday

Subsea 7 (OTCMKTS:SUBCY) is expected to issue its results before the market opens on Thursday, February 26th. Analysts expect the company to announce earnings of $0.59 per share for the quarter.

Subsea 7 (OTCMKTS:SUBCY) last announced its quarterly earnings results on Thursday, November 20th. The energy company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.07). Subsea 7 had a net margin of 4.08% and a return on equity of 6.66%. The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.89 billion. On average, analysts expect Subsea 7 to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Subsea 7 Stock Up 1.6%

Shares of OTCMKTS:SUBCY opened at $27.46 on Thursday. The stock has a 50-day simple moving average of $22.65 and a 200-day simple moving average of $20.70. The stock has a market capitalization of $8.12 billion, a P/E ratio of 28.60 and a beta of 1.13. Subsea 7 has a 1 year low of $12.15 and a 1 year high of $27.73. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.00 and a current ratio of 1.02.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SUBCY. Zacks Research lowered shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. UBS Group reiterated a “neutral” rating on shares of Subsea 7 in a research note on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

Subsea 7 Company Profile

Subsea 7 SA is a global engineering, construction and services contractor serving the offshore energy industry. The company specializes in complex subsea infrastructure projects, offering pipeline and riser installation, umbilical and flowline deployment, and subsea tie-ins. Its fleet of specialized vessels, diving systems and remotely operated vehicles (ROVs) supports installation, inspection, maintenance and repair activities across the life cycle of offshore oil, gas and renewable energy fields.

With roots tracing back to the merger of Subsea 7 Inc and Acergy SA in 2011, Subsea 7 has built a broad international footprint.