McDermott International, Inc. (NYSE:MDR) Quarterly EPS Analysis

Alain Brian
Juillet 11, 2017

According to Balance Sheet of MDR, Total cash on most recent quarter is 623.54 Million. Zacks Investment Research upgraded McDermott International from a "hold" rating to a "strong-buy" rating and set a $7.75 price target on the stock in a report on Friday, April 28th. Baker Avenue Asset Management LP's holdings in McDermott International were worth $786,000 as of its most recent filing with the SEC.

Large investors have recently made changes to their positions in the company. Finally, A.R.T. Advisors LLC boosted its position in McDermott International by 184.7% in the fourth quarter. HighTower Advisors LLC now owns 17,396 shares of the oil and gas company's stock valued at $117,000 after buying an additional 2,000 shares during the last quarter. State Street Corp raised its stake in McDermott International by 6.6% in the first quarter. State Street Corp now owns 5,727,668 shares of the oil and gas company's stock worth $42,328,000 after buying an additional 388,922 shares in the last quarter.

Equities analysts forecast that McDermott International, Inc. Koch Industries Inc. now owns 20,254 shares of the oil and gas company's stock valued at $137,000 after buying an additional 9,974 shares during the last quarter. Fairpointe Capital Ltd Com holds 2.43% in McDermott International (NYSE:MDR) or 16.25 million shares.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Etrade Management Limited Liability owns 0.05% invested in McDermott International (NYSE:MDR) for 151,074 shares.

McDermott International (NYSE MDR) traded up 1.38% during trading on Thursday, reaching $7.35. The stock exchanged hands 4.23 Million shares versus average trading capacity of 4.08 Million shares.

The stock is now moving with a Positive distance from 200-Day Simple Moving Average of about 8.16% and has no so good Year to Date (YTD) Performance of -3.25% which means the stock is constantly adding to its value from previous fiscal year end price.

The current market capitalization of McDermott International (NYSE:MDR) stands at 2.03 Billion.

McDermott International (NYSE:MDR) 52-week high price stands at $8.33 and low price stands at $4.41, its price distance from 52-week high is -14.17% while its distance from 52-week low price is 62.13%.

According to analysts McDermott International (NYSE:MDR)'s minimum EPS for the current quarter is at $0.04 and can go high up to $0.17. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.01 by $0.07. The company had revenue of $519.40 million during the quarter, compared to analysts' expectations of $689.30 million.

While looking at the Stock's Performance, McDermott International Inc. now shows a Weekly Performance of 1.56%, where Monthly Performance is 15.51%, Quarterly performance is 7.36%, 6 Months performance is -2.72% and yearly performance percentage is 51.48%. Its revenue has grown at an average annualized rate of about -15.50% during the past five years. During the same quarter a year ago, the company posted $0.13 earnings per share. On average, equities research analysts predict that McDermott International will post $0.42 earnings per share for the current fiscal year.

Schwab Charles Investment Management Inc. reduced its position in McDermott International, Inc. "(NYSE:MDR) Raised to Buy at BidaskClub" was posted by BNB Daily and is the property of of BNB Daily.

On May 24, 2016 Sterne Agee added MDR to its research portfolio setting a rating of "Neutral".

Currently McDermott International (NYSE:MDR)'s shares owned by insiders are 1%, whereas shares owned by institutional owners are 76.5%. ValuEngine cut McDermott International from a buy rating to a hold rating in a research note on Tuesday, June 6th. Scotiabank reissued a "hold" rating on shares of McDermott International in a report on Thursday, April 27th. Imperial Capital maintained the shares of MDR in report on Thursday, September 3 with "Outperform" rating.

On March 28 the stock rating was upgraded to "Sector Outperform" from "Sector Perform" in a statement from Scotia Howard Weil.

In terms of Buy, Sell or Hold recommendations, McDermott International (NYSE:MDR) has analysts' mean recommendation of 2.4. The stock increased 0.89% or $5.9 during the last trading session, reaching $667.4.

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