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

Subsea 7 (OTCMKTS:SUBCY) issued its quarterly earnings data on Thursday. The energy company reported $0.09 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.30 billion.

Subsea 7 Stock Performance

OTCMKTS SUBCY opened at $16.47 on Friday. The stock’s 50-day simple moving average is $15.54 and its two-hundred day simple moving average is $14.34. Subsea 7 has a twelve month low of $9.85 and a twelve month high of $16.96. 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 company has a market capitalization of $5.01 billion, a price-to-earnings ratio of 82.35 and a beta of 1.79.

Subsea 7 Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, May 7th will be given a $0.2827 dividend. The ex-dividend date of this dividend is Monday, May 6th. Subsea 7’s dividend payout ratio (DPR) is presently 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.