Subsea 7 (OTCMKTS:SUBCY - Get Free Report) is anticipated to issue its quarterly earnings data before the market opens on Thursday, July 31st. Analysts expect the company to announce earnings of $0.34 per share and revenue of $1.84 billion for the quarter.
Subsea 7 (OTCMKTS:SUBCY - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The energy company reported $0.06 earnings per share for the quarter, topping analysts' consensus estimates of ($0.03) by $0.09. The firm had revenue of $1.53 billion during the quarter, compared to analysts' expectations of $1.46 billion. Subsea 7 had a return on equity of 4.47% and a net margin of 2.78%. 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 Down 3.1%
Shares of OTCMKTS SUBCY traded down $0.64 during mid-day trading on Friday, reaching $19.67. 11,137 shares of the company were exchanged, compared to its average volume of 9,172. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.12. The stock has a market cap of $5.94 billion, a price-to-earnings ratio of 30.74 and a beta of 1.45. Subsea 7 has a 1 year low of $12.15 and a 1 year high of $20.42. The firm has a 50-day moving average of $18.44 and a 200 day moving average of $16.57.
Subsea 7 Increases Dividend
The business also recently disclosed a dividend, which was paid on Thursday, May 22nd. Investors of record on Friday, May 16th were paid a dividend of $0.5822 per share. This is a boost from Subsea 7's previous dividend of $0.28. This represents a dividend yield of 5.29%. The ex-dividend date of this dividend was Thursday, May 15th. Subsea 7's dividend payout ratio is 181.25%.
Analyst Ratings Changes
SUBCY has been the subject of a number of research analyst reports. Wall Street Zen upgraded Subsea 7 from a "hold" rating to a "buy" rating in a research note on Thursday. UBS Group reiterated an "outperform" rating on shares of Subsea 7 in a research note on Thursday, May 1st. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy".
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About Subsea 7
(
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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.
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