Wall Street analysts predict that Oceaneering International, Inc. (NYSE:OII) will announce $0.05 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have provided estimates for Oceaneering International’s earnings, with estimates ranging from ($0.05) to $0.09. Oceaneering International reported earnings of ($0.18) per share in the same quarter last year, which would indicate a positive year over year growth rate of 127.8%. The business is expected to issue its next quarterly earnings report on Wednesday, October 27th.
On average, analysts expect that Oceaneering International will report full year earnings of $0.11 per share for the current financial year, with EPS estimates ranging from ($0.19) to $0.28. For the next financial year, analysts expect that the business will report earnings of $0.34 per share, with EPS estimates ranging from ($0.03) to $0.56. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that follow Oceaneering International.
Oceaneering International (NYSE:OII) last issued its quarterly earnings data on Wednesday, July 28th. The oil and gas company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.05. Oceaneering International had a negative net margin of 5.97% and a negative return on equity of 0.48%. The business had revenue of $498.20 million during the quarter, compared to analysts’ expectations of $465.35 million.
Large investors have recently modified their holdings of the company. Advisor Group Holdings Inc. raised its position in shares of Oceaneering International by 77.8% in the 2nd quarter. Advisor Group Holdings Inc. now owns 2,139 shares of the oil and gas company’s stock valued at $34,000 after buying an additional 936 shares in the last quarter. Acadian Asset Management LLC acquired a new position in shares of Oceaneering International in the 1st quarter valued at approximately $35,000. MCF Advisors LLC acquired a new position in shares of Oceaneering International in the 2nd quarter valued at approximately $45,000. Macquarie Group Ltd. acquired a new position in shares of Oceaneering International in the 2nd quarter valued at approximately $46,000. Finally, Meeder Asset Management Inc. raised its position in shares of Oceaneering International by 2,780.3% in the 1st quarter. Meeder Asset Management Inc. now owns 4,522 shares of the oil and gas company’s stock valued at $50,000 after buying an additional 4,365 shares in the last quarter. Institutional investors own 89.20% of the company’s stock.
About Oceaneering International
Oceaneering International, Inc engages in the provision of engineered services and products. It operates through the following business segments: Subsea Robotics, Manufactured Products, Offshore Projects Group (OPG), Integrity Management & Digital Solutions (IMDS), and Aerospace and Defense Technologies (ADTech).
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