SEACOR Marine (NYSE:SMHI) Posts Earnings Results, Beats Estimates By $0.08 EPS

SEACOR Marine (NYSE:SMHI) issued its earnings results on Wednesday. The company reported ($0.57) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.65) by $0.08, FiscalAI reports. SEACOR Marine had a negative return on equity of 6.67% and a negative net margin of 16.08%.The firm had revenue of $52.33 million for the quarter, compared to analysts’ expectations of $55.81 million.

SEACOR Marine Price Performance

Shares of SMHI stock traded up $0.10 during trading hours on Wednesday, hitting $8.06. 79,888 shares of the company’s stock were exchanged, compared to its average volume of 120,302. The stock’s 50-day moving average is $6.66 and its 200-day moving average is $6.63. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.39 and a quick ratio of 2.36. SEACOR Marine has a 52 week low of $3.63 and a 52 week high of $8.17. The stock has a market cap of $217.32 million, a price-to-earnings ratio of -5.71 and a beta of 1.26.

Hedge Funds Weigh In On SEACOR Marine

Several large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its position in shares of SEACOR Marine by 21.2% during the third quarter. JPMorgan Chase & Co. now owns 171,390 shares of the company’s stock worth $1,112,000 after buying an additional 29,955 shares during the period. Goldman Sachs Group Inc. raised its holdings in SEACOR Marine by 12.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 110,479 shares of the company’s stock worth $665,000 after acquiring an additional 12,041 shares in the last quarter. Raymond James Financial Inc. boosted its position in SEACOR Marine by 197.4% during the third quarter. Raymond James Financial Inc. now owns 15,065 shares of the company’s stock valued at $98,000 after purchasing an additional 10,000 shares during the last quarter. Wells Fargo & Company MN grew its stake in SEACOR Marine by 55.4% in the fourth quarter. Wells Fargo & Company MN now owns 24,486 shares of the company’s stock valued at $147,000 after purchasing an additional 8,733 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of SEACOR Marine by 289.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 9,962 shares of the company’s stock worth $51,000 after purchasing an additional 7,406 shares during the last quarter. 59.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on SMHI shares. Zacks Research lowered SEACOR Marine from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Weiss Ratings reissued a “sell (d-)” rating on shares of SEACOR Marine in a research report on Wednesday, January 21st. Finally, Wall Street Zen lowered shares of SEACOR Marine from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $7.00.

About SEACOR Marine

SEACOR Marine (NYSE:SMHI) is a U.S.-based provider of offshore marine transportation and support services, offering a fleet of platform supply vessels (PSVs), crew transfer vessels, and specialty craft designed for the energy sector. The company serves clients engaged in offshore oil and gas exploration and production, as well as emerging offshore wind and renewable energy projects. Its services include cargo and personnel transfer, subsea support, emergency response, and project logistics.

Formed through the combination of SEACOR Holdings’ offshore marine division and acquired assets from Hornbeck Offshore Services, SEACOR Marine brings together a broad range of technical expertise and vessel capabilities.