Subsea 7 (OTCMKTS:SUBCY) Announces Earnings Results, Beats Expectations By $0.18 EPS

Subsea 7 (OTCMKTS:SUBCY) announced its earnings results on Thursday. The energy company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.18, reports. Subsea 7 had a return on equity of 1.44% and a net margin of 1.02%. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.30 billion.

Subsea 7 Price Performance

SUBCY stock opened at $16.47 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.10 and a debt-to-equity ratio of 0.17. The business has a 50 day moving average price of $15.54 and a two-hundred day moving average price of $14.34. The company has a market cap of $5.01 billion, a price-to-earnings ratio of 82.35 and a beta of 1.79. Subsea 7 has a twelve month low of $9.85 and a twelve month high of $16.96.

Subsea 7 Cuts Dividend

The business also recently declared a dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Tuesday, May 7th will be paid a $0.2827 dividend. The ex-dividend date of this dividend is Monday, May 6th. Subsea 7’s dividend payout ratio is 190.00%.

Subsea 7 Company Profile

Subsea 7 SA delivers offshore projects and services for the 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.