Equities analysts expect that Helix Energy Solutions Group, Inc. (NYSE:HLX) will post $167.79 million in sales for the current quarter, according to Zacks. Three analysts have provided estimates for Helix Energy Solutions Group’s earnings. The lowest sales estimate is $158.00 million and the highest is $174.00 million. Helix Energy Solutions Group posted sales of $199.15 million during the same quarter last year, which suggests a negative year-over-year growth rate of 15.7%. The business is expected to report its next earnings results on Wednesday, July 28th.
On average, analysts expect that Helix Energy Solutions Group will report full-year sales of $660.13 million for the current year, with estimates ranging from $652.00 million to $669.00 million. For the next financial year, analysts forecast that the business will report sales of $690.70 million, with estimates ranging from $657.30 million to $715.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Helix Energy Solutions Group.
Helix Energy Solutions Group (NYSE:HLX) last released its earnings results on Sunday, April 25th. The oil and gas company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.04. Helix Energy Solutions Group had a net margin of 4.36% and a return on equity of 1.26%. The firm had revenue of $163.42 million for the quarter, compared to the consensus estimate of $168.11 million. During the same quarter in the previous year, the firm earned ($0.09) earnings per share.
Shares of HLX stock traded up $0.16 during mid-day trading on Friday, hitting $6.52. The company had a trading volume of 1,955,869 shares, compared to its average volume of 2,143,602. The company has a 50 day simple moving average of $5.24. Helix Energy Solutions Group has a 52-week low of $2.20 and a 52-week high of $6.76. The stock has a market capitalization of $982.72 million, a P/E ratio of 29.86 and a beta of 3.45. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.24 and a quick ratio of 2.24.
In other Helix Energy Solutions Group news, COO Scott Andrew Sparks sold 34,700 shares of the business’s stock in a transaction on Wednesday, June 2nd. The shares were sold at an average price of $5.98, for a total transaction of $207,506.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 5.90% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. Principal Financial Group Inc. increased its position in Helix Energy Solutions Group by 2.6% during the first quarter. Principal Financial Group Inc. now owns 1,141,905 shares of the oil and gas company’s stock valued at $5,766,000 after acquiring an additional 28,975 shares during the last quarter. Axiom Investment Management LLC bought a new position in shares of Helix Energy Solutions Group in the first quarter worth about $102,000. Squarepoint Ops LLC bought a new position in shares of Helix Energy Solutions Group in the first quarter worth about $69,000. Cubist Systematic Strategies LLC bought a new position in shares of Helix Energy Solutions Group in the first quarter worth about $116,000. Finally, Man Group plc bought a new position in shares of Helix Energy Solutions Group in the first quarter worth about $407,000. Institutional investors and hedge funds own 91.21% of the company’s stock.
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.
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