Brokerages expect that McDermott International Inc (NYSE:MDR) will post $0.03 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for McDermott International’s earnings, with the lowest EPS estimate coming in at ($0.01) and the highest estimate coming in at $0.07. McDermott International reported earnings of $0.02 per share during the same quarter last year, which would indicate a positive year over year growth rate of 50%. The firm is scheduled to report its next earnings results on Tuesday, February 20th.
According to Zacks, analysts expect that McDermott International will report full-year earnings of $0.57 per share for the current financial year, with EPS estimates ranging from $0.53 to $0.61. For the next fiscal year, analysts forecast that the business will post earnings of $0.47 per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that cover McDermott International.
MDR has been the topic of a number of recent research reports. ValuEngine lowered McDermott International from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 15th. Scotiabank reissued a “buy” rating and set a $9.00 price target on shares of McDermott International in a research note on Wednesday, November 1st. Zacks Investment Research raised McDermott International from a “sell” rating to a “hold” rating in a research note on Monday, January 15th. KeyCorp reissued a “hold” rating on shares of McDermott International in a research note on Friday, November 10th. Finally, Deutsche Bank cut their price target on McDermott International from $6.50 to $5.25 and set a “hold” rating on the stock in a research note on Tuesday, October 24th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $7.93.
Shares of McDermott International (MDR) opened at $7.65 on Friday. McDermott International has a 12 month low of $5.56 and a 12 month high of $9.07. The company has a market capitalization of $2,170.00, a PE ratio of 14.43 and a beta of 1.58. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.70 and a current ratio of 1.70.
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About McDermott International
McDermott International, Inc is a provider of integrated engineering, procurement, construction and installation (EPCI), front-end engineering and design (FEED) and module fabrication services for upstream field developments across the world. The Company delivers fixed and floating production facilities, pipeline installations and subsea systems from concept to commissioning for offshore and subsea oil and gas projects.
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