Oceaneering International (OII) to Release Earnings on Wednesday

Oceaneering International (NYSE:OII) is set to announce its earnings results after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.30 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Oceaneering International (NYSE:OII) last posted its earnings results on Thursday, February 22nd. The oil and gas company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.04). Oceaneering International had a net margin of 4.02% and a return on equity of 14.00%. The firm had revenue of $654.60 million during the quarter, compared to analyst estimates of $624.81 million. During the same period in the previous year, the company posted $0.06 EPS. Oceaneering International’s revenue for the quarter was up 22.1% compared to the same quarter last year. On average, analysts expect Oceaneering International to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Oceaneering International Price Performance

Oceaneering International stock opened at $22.63 on Tuesday. Oceaneering International has a 12 month low of $14.99 and a 12 month high of $27.46. The stock’s 50 day moving average is $22.33 and its 200-day moving average is $21.77. The company has a current ratio of 1.78, a quick ratio of 1.50 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of 23.82 and a beta of 2.49.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on OII shares. StockNews.com raised Oceaneering International from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th. Barclays lowered their price objective on Oceaneering International from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 29th.

Oceaneering International Company Profile

Oceaneering International, Inc provides engineered services and products, and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries worldwide. It operates through Subsea Robotics, Manufactured Products, Offshore Projects Group, Integrity Management & Digital Solutions, and Aerospace and Defense Technologies segments.