Wall Street analysts expect Oceaneering International (NYSE:OII) to report sales of $493.51 million for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Oceaneering International’s earnings, with estimates ranging from $470.20 million to $514.00 million. Oceaneering International posted sales of $476.12 million during the same quarter last year, which would indicate a positive year over year growth rate of 3.7%. The company is scheduled to announce its next quarterly earnings report after the market closes on Wednesday, October 24th.

According to Zacks, analysts expect that Oceaneering International will report full-year sales of $1.87 billion for the current year, with estimates ranging from $1.85 billion to $1.92 billion. For the next year, analysts forecast that the firm will report sales of $2.03 billion, with estimates ranging from $1.94 billion to $2.13 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Oceaneering International.

Oceaneering International (NYSE:OII) last posted its earnings results on Wednesday, July 25th. The oil and gas company reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.03. Oceaneering International had a net margin of 4.83% and a negative return on equity of 4.31%. The firm had revenue of $479.00 million during the quarter, compared to analysts’ expectations of $448.96 million. During the same quarter in the prior year, the firm earned $0.02 EPS. Oceaneering International’s quarterly revenue was down 7.0% on a year-over-year basis.

Several research analysts have recently issued reports on OII shares. Gabelli upgraded shares of Oceaneering International from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a report on Monday, July 30th. Zacks Investment Research upgraded shares of Oceaneering International from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Monday, July 16th. Jefferies Financial Group reiterated a “hold” rating and issued a $24.00 price objective on shares of Oceaneering International in a report on Friday, July 27th. Royal Bank of Canada reiterated a “buy” rating and issued a $28.00 price objective on shares of Oceaneering International in a report on Friday, July 27th. Finally, TheStreet upgraded shares of Oceaneering International from a “d+” rating to a “c” rating in a report on Thursday, July 26th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $25.43.

In related news, Director T Jay Collins sold 16,750 shares of the company’s stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $26.50, for a total value of $443,875.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of OII. LPL Financial LLC purchased a new stake in Oceaneering International in the 1st quarter worth approximately $186,000. Boys Arnold & Co. Inc. purchased a new stake in Oceaneering International in the 2nd quarter worth approximately $204,000. Meridian Management Co. purchased a new stake in Oceaneering International in the 2nd quarter worth approximately $204,000. Bbva Compass Bancshares Inc. purchased a new stake in Oceaneering International in the 2nd quarter worth approximately $226,000. Finally, Laurel Wealth Advisors Inc. purchased a new stake in Oceaneering International in the 2nd quarter worth approximately $229,000.

NYSE OII traded up $0.60 on Monday, hitting $25.26. The stock had a trading volume of 1,001,216 shares, compared to its average volume of 1,304,762. Oceaneering International has a one year low of $17.11 and a one year high of $28.62. The company has a current ratio of 2.61, a quick ratio of 2.17 and a debt-to-equity ratio of 0.50. The stock has a market cap of $2.72 billion, a price-to-earnings ratio of -360.86 and a beta of 1.37.

Oceaneering International Company Profile

Oceaneering International, Inc provides engineered services and products to the offshore oil and gas, defense, aerospace, and commercial theme park industries worldwide. The company's Remotely Operated Vehicles (ROVs) segment offers submersible vehicles for drill support, vessel-based inspection, maintenance and repair, installation and construction support, pipeline inspection and surveys, and subsea production facility operation and maintenance services.

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Earnings History and Estimates for Oceaneering International (NYSE:OII)

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