McDermott International Inc (NYSE:MDR) – Analysts at KeyCorp decreased their Q2 2019 earnings estimates for shares of McDermott International in a report issued on Tuesday, June 18th, according to Zacks Investment Research. KeyCorp analyst T. Afzal now expects that the oil and gas company will earn $0.04 per share for the quarter, down from their previous estimate of $0.26. KeyCorp also issued estimates for McDermott International’s Q4 2019 earnings at $1.12 EPS.
McDermott International (NYSE:MDR) last released its quarterly earnings data on Monday, April 29th. The oil and gas company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.07). McDermott International had a negative net margin of 33.44% and a negative return on equity of 5.13%. The company had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same period last year, the company earned $0.51 EPS. The firm’s revenue for the quarter was up 263.7% on a year-over-year basis.
Shares of NYSE:MDR traded up $0.09 during trading on Friday, reaching $10.49. The company’s stock had a trading volume of 2,713,558 shares, compared to its average volume of 4,100,387. The company has a quick ratio of 0.68, a current ratio of 0.70 and a debt-to-equity ratio of 5.61. McDermott International has a 12 month low of $5.91 and a 12 month high of $20.63. The company’s 50 day moving average price is $7.92. The stock has a market cap of $1.89 billion, a PE ratio of -10.60 and a beta of 3.15.
A number of hedge funds and other institutional investors have recently made changes to their positions in MDR. Penserra Capital Management LLC lifted its stake in McDermott International by 96.8% in the fourth quarter. Penserra Capital Management LLC now owns 5,368 shares of the oil and gas company’s stock worth $35,000 after purchasing an additional 2,640 shares during the last quarter. Quantamental Technologies LLC bought a new stake in McDermott International in the first quarter worth about $39,000. Icon Wealth Partners LLC bought a new stake in McDermott International in the first quarter worth about $46,000. Investors Research Corp bought a new stake in McDermott International in the first quarter worth about $63,000. Finally, BB&T Securities LLC bought a new stake in McDermott International in the fourth quarter worth about $66,000. 86.56% of the stock is owned by institutional investors and hedge funds.
McDermott International Company Profile
McDermott International, Inc provides engineering, procurement, construction and installation, and technology solutions to the energy industry worldwide. It operates through five segments: North, Central and South America; Europe, Africa, Russia and Caspian; the Middle East and North Africa; Asia Pacific; and Technology.
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