McDermott International (NYSE:MDR) updated its FY19 earnings guidance on Monday. The company provided earnings per share guidance of ~($0.32) for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.59. The company issued revenue guidance of ~$9.5 billion, compared to the consensus revenue estimate of $10.02 billion.McDermott International also updated its FY 2019 guidance to $-0.32–0.32 EPS.

A number of research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Hersha Hospitality Trust from a buy rating to a hold rating in a research note on Thursday, May 2nd. ValuEngine upgraded shares of Zillow Group from a hold rating to a buy rating in a research report on Thursday, July 11th. Four analysts have rated the stock with a hold rating, The stock currently has a consensus rating of Hold and an average price target of $18.00.

Shares of MDR stock traded down $0.16 during midday trading on Monday, reaching $10.08. 2,175,744 shares of the company were exchanged, compared to its average volume of 4,685,199. McDermott International has a 12 month low of $5.91 and a 12 month high of $20.63. The stock has a market capitalization of $1.83 billion, a P/E ratio of -10.18 and a beta of 3.15. The business has a 50 day simple moving average of $9.29. The company has a debt-to-equity ratio of 5.61, a quick ratio of 0.68 and a current ratio of 0.70.

McDermott International (NYSE:MDR) last released its quarterly earnings results on Monday, July 29th. The oil and gas company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.12). McDermott International had a negative return on equity of 5.13% and a negative net margin of 33.44%. The company had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.25 billion. During the same quarter last year, the firm posted $0.29 earnings per share. The firm’s quarterly revenue was up 23.2% compared to the same quarter last year. Equities research analysts predict that McDermott International will post 1.65 EPS for the current year.

About McDermott International

McDermott International, Inc provides engineering, procurement, construction and installation, and technology solutions to the energy industry worldwide. It operates through five segments: North, Central and South America; Europe, Africa, Russia and Caspian; the Middle East and North Africa; Asia Pacific; and Technology.

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Earnings History and Estimates for McDermott International (NYSE:MDR)

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