Subsea 7 (SUBCY) Projected to Post Quarterly Earnings on Thursday

Subsea 7 (OTCMKTS:SUBCY - Get Free Report) is expected to be releasing its earnings data before the market opens on Thursday, April 24th. Analysts expect Subsea 7 to post earnings of ($0.03) per share and revenue of $1.46 billion for the quarter.

Subsea 7 (OTCMKTS:SUBCY - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The energy company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.15). Subsea 7 had a net margin of 1.63% and a return on equity of 2.37%. The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.81 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 Trading Down 2.4 %

Shares of Subsea 7 stock traded down $0.35 on Monday, hitting $13.85. The stock had a trading volume of 1,656 shares, compared to its average volume of 5,695. The company has a quick ratio of 1.05, a current ratio of 1.07 and a debt-to-equity ratio of 0.16. Subsea 7 has a one year low of $12.15 and a one year high of $19.60. The stock's 50-day simple moving average is $15.04 and its two-hundred day simple moving average is $15.83. The stock has a market cap of $4.19 billion, a price-to-earnings ratio of 69.25 and a beta of 1.38.

Wall Street Analysts Forecast Growth

Separately, Barclays raised shares of Subsea 7 from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 4th.

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.