Oceaneering International (OII) to Release Earnings on Wednesday

Oceaneering International (NYSE:OII) is scheduled to be announcing 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 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 analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $624.81 million. During the same period in the previous year, the company earned $0.06 EPS. The company’s revenue was up 22.1% on a year-over-year basis. 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 Trading Up 0.1 %

NYSE:OII opened at $22.63 on Tuesday. Oceaneering International has a 52 week low of $14.99 and a 52 week high of $27.46. The firm has a 50 day moving average of $22.33 and a 200 day moving average of $21.77. The company has a quick ratio of 1.50, a current ratio of 1.78 and a debt-to-equity ratio of 0.75. The stock 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

OII has been the topic of a number of recent analyst reports. Barclays cut their price target on shares of 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. StockNews.com upgraded shares of Oceaneering International from a “hold” rating to a “buy” rating in a research note on Thursday, April 18th.

About Oceaneering International

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.