Helix Energy Solutions Group (HLX) Expected to Announce Quarterly Sales of $190.83 Million

Wall Street analysts expect Helix Energy Solutions Group (NYSE:HLX) to announce $190.83 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Helix Energy Solutions Group’s earnings, with estimates ranging from $186.00 million to $198.90 million. Helix Energy Solutions Group reported sales of $150.33 million during the same quarter last year, which would suggest a positive year over year growth rate of 26.9%. The firm is expected to issue its next quarterly earnings report on Monday, July 23rd.

On average, analysts expect that Helix Energy Solutions Group will report full year sales of $726.59 million for the current fiscal year, with estimates ranging from $721.00 million to $730.18 million. For the next fiscal year, analysts forecast that the firm will post sales of $760.47 million per share, with estimates ranging from $752.00 million to $772.30 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow Helix Energy Solutions Group.

Helix Energy Solutions Group (NYSE:HLX) last released its earnings results on Monday, February 19th. The oil and gas company reported ($0.01) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.01). The firm had revenue of $163.27 million during the quarter, compared to analyst estimates of $157.65 million. Helix Energy Solutions Group had a net margin of 6.85% and a negative return on equity of 0.50%.

HLX has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Helix Energy Solutions Group from a “hold” rating to a “buy” rating and set a $9.25 target price for the company in a report on Wednesday, January 24th. TheStreet upgraded shares of Helix Energy Solutions Group from a “d+” rating to a “c-” rating in a report on Wednesday, May 9th. Cowen restated an “outperform” rating and issued a $9.00 target price (down previously from $10.00) on shares of Helix Energy Solutions Group in a report on Thursday, February 22nd. Credit Suisse Group restated an “outperform” rating and issued a $11.00 target price (down previously from $14.00) on shares of Helix Energy Solutions Group in a report on Wednesday, February 21st. Finally, Raymond James upgraded shares of Helix Energy Solutions Group from a “market perform” rating to an “outperform” rating in a report on Thursday, April 26th. Four equities research analysts have rated the stock with a sell rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $8.88.

Shares of Helix Energy Solutions Group traded down $0.19, hitting $8.21, during trading on Wednesday, MarketBeat.com reports. The stock had a trading volume of 1,138,900 shares, compared to its average volume of 1,505,175. The firm has a market capitalization of $1.24 billion, a PE ratio of -54.55 and a beta of 2.47. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 0.26. Helix Energy Solutions Group has a 12 month low of $4.82 and a 12 month high of $8.70.

A number of hedge funds have recently bought and sold shares of the stock. Swiss National Bank increased its stake in Helix Energy Solutions Group by 3.3% in the 1st quarter. Swiss National Bank now owns 244,300 shares of the oil and gas company’s stock worth $1,414,000 after buying an additional 7,800 shares during the period. Geode Capital Management LLC increased its stake in Helix Energy Solutions Group by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 1,138,856 shares of the oil and gas company’s stock worth $8,586,000 after buying an additional 10,598 shares during the period. Municipal Employees Retirement System of Michigan increased its stake in Helix Energy Solutions Group by 20.6% in the 4th quarter. Municipal Employees Retirement System of Michigan now owns 62,990 shares of the oil and gas company’s stock worth $475,000 after buying an additional 10,740 shares during the period. Thompson Siegel & Walmsley LLC increased its stake in Helix Energy Solutions Group by 45.3% in the 1st quarter. Thompson Siegel & Walmsley LLC now owns 35,600 shares of the oil and gas company’s stock worth $206,000 after buying an additional 11,100 shares during the period. Finally, California Public Employees Retirement System increased its stake in Helix Energy Solutions Group by 2.2% in the 4th quarter. California Public Employees Retirement System now owns 534,357 shares of the oil and gas company’s stock worth $4,029,000 after buying an additional 11,484 shares during the period. 86.72% of the stock is currently owned by institutional investors.

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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