McDermott International (NYSE:MDR) Updates FY19 Earnings Guidance
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.
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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