$171.40 Million in Sales Expected for Helix Energy Solutions Group Inc (NYSE:HLX) This Quarter

Equities analysts predict that Helix Energy Solutions Group Inc (NYSE:HLX) will announce $171.40 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Helix Energy Solutions Group’s earnings. The highest sales estimate is $177.80 million and the lowest is $165.00 million. Helix Energy Solutions Group reported sales of $212.61 million during the same quarter last year, which would indicate a negative year over year growth rate of 19.4%. The company is expected to issue its next earnings results on Monday, October 19th.

According to Zacks, analysts expect that Helix Energy Solutions Group will report full-year sales of $701.80 million for the current financial year. For the next financial year, analysts expect that the firm will report sales of $629.35 million, with estimates ranging from $569.00 million to $689.70 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Helix Energy Solutions Group.

Helix Energy Solutions Group (NYSE:HLX) last announced its earnings results on Wednesday, July 22nd. The oil and gas company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.05. The company had revenue of $199.15 million for the quarter, compared to analyst estimates of $173.67 million. Helix Energy Solutions Group had a return on equity of 1.52% and a net margin of 4.36%. During the same quarter in the prior year, the company earned $0.11 EPS.

HLX has been the subject of several research analyst reports. Zacks Investment Research lowered shares of Helix Energy Solutions Group from a “buy” rating to a “hold” rating in a research note on Wednesday. Piper Sandler raised shares of Helix Energy Solutions Group from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $3.50 to $6.00 in a research report on Thursday, July 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $4.50.

Institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio grew its holdings in shares of Helix Energy Solutions Group by 27.9% during the second quarter. Public Employees Retirement System of Ohio now owns 10,852 shares of the oil and gas company’s stock valued at $38,000 after buying an additional 2,364 shares during the last quarter. Jane Street Group LLC bought a new position in Helix Energy Solutions Group in the 1st quarter valued at about $39,000. Tudor Investment Corp Et Al acquired a new position in Helix Energy Solutions Group during the 1st quarter valued at about $42,000. PNC Financial Services Group Inc. increased its holdings in Helix Energy Solutions Group by 131.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 12,005 shares of the oil and gas company’s stock worth $42,000 after purchasing an additional 6,819 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Helix Energy Solutions Group by 128.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,486 shares of the oil and gas company’s stock worth $61,000 after purchasing an additional 9,844 shares during the last quarter. 83.10% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Helix Energy Solutions Group stock traded down $0.06 on Monday, reaching $2.35. 2,531,748 shares of the company’s stock were exchanged, compared to its average volume of 3,216,829. The company has a market capitalization of $361.64 million, a P/E ratio of 10.76 and a beta of 3.55. Helix Energy Solutions Group has a 52 week low of $0.99 and a 52 week high of $10.00. The firm’s 50-day moving average is $3.43 and its two-hundred day moving average is $3.04. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.67 and a current ratio of 1.67.

About Helix Energy Solutions Group

Helix Energy Solutions Group, Inc, an offshore energy services company, provides specialty services to the offshore energy industry primarily in Brazil, the Gulf of Mexico, North Sea, the Asia Pacific, and West Africa regions. The company operates through three segments: Well Intervention, Robotics, and Production Facilities.

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Earnings History and Estimates for Helix Energy Solutions Group (NYSE:HLX)

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