EPS for McDermott International (MDR) Expected At $0.15

July 17, 2017 - By Maria Brooks

 EPS for McDermott International (MDR) Expected At $0.15
Investors sentiment decreased to 0.93 in Q4 2016. Its down 0.30, from 1.23 in 2016Q3. It worsened, as 34 investors sold McDermott International shares while 80 reduced holdings. 38 funds opened positions while 68 raised stakes. 190.39 million shares or 0.63% less from 191.59 million shares in 2016Q3 were reported.
Zacks Management accumulated 28,059 shares or 0.01% of the stock. Prudential Public Ltd Liability holds 0.01% or 350,068 shares. Messner & Smith Theme Value Invest Mngmt Ca invested 0.06% in McDermott International (NYSE:MDR). Guggenheim Lc accumulated 197,658 shares. Hancock Com reported 0.48% stake. Boston Advsrs Lc invested in 82,680 shares. Prelude Capital Mgmt Ltd Company invested in 31,029 shares. Manufacturers Life Insurance Com The owns 0% invested in McDermott International (NYSE:MDR) for 162,799 shares. Vanguard Grp holds 0.01% or 22.28M shares. Fincl Architects holds 6,712 shares. Kistler invested in 1,000 shares or 0% of the stock. Moreover, Pinnacle Lc has 0% invested in McDermott International (NYSE:MDR). Walleye Trading Llc holds 164,659 shares or 0.01% of its portfolio. Maryland-based Campbell & Co Invest Adviser Ltd Co has invested 0.39% in McDermott International (NYSE:MDR). Panagora Asset Management invested in 772,248 shares or 0.03% of the stock.

Wall Street await McDermott International (NYSE:MDR) to release earnings on July, 25. Analysts forecast EPS of $0.15, up exactly $0.07 or 87.50 % from 2014’s $0.08 EPS. The expected MDR’s profit could reach $42.86 million giving the stock 12.48 P/E in the case that $0.15 earnings per share is reported. After posting $0.08 EPS for the previous quarter, McDermott International’s analysts now forecast 87.50 % EPS growth. About 1.05 million shares traded. McDermott International (NYSE:MDR) has risen 47.07% since July 17, 2016 and is uptrending. It has outperformed by 30.37% the S&P500.

McDermott International (NYSE:MDR) Ratings Coverage

Among 11 analysts covering McDermott International (NYSE:MDR), 4 have Buy rating, 1 Sell and 6 Hold. Therefore 36% are positive. McDermott International had 20 analyst reports since August 12, 2015 according to SRatingsIntel. The firm has “Outperform” rating by Imperial Capital given on Thursday, September 3. The firm earned “Neutral” rating on Friday, November 13 by Citigroup. The company was maintained on Friday, April 28 by Scotia Capital. The rating was upgraded by Howard Weil on Monday, March 28 to “Sector Outperform”. As per Monday, April 4, the company rating was downgraded by Credit Suisse. The firm has “Sector Outperform” rating by Howard Weil given on Thursday, May 25. The stock has “Overweight” rating by KeyBanc Capital Markets on Tuesday, December 20. The firm earned “Neutral” rating on Monday, March 14 by DA Davidson. The rating was maintained by Morgan Stanley on Tuesday, April 19 with “Underweight”. The rating was initiated by Sterne Agee CRT with “Neutral” on Tuesday, May 24.

McDermott International, Inc. is a provider of integrated engineering, procurement, construction and installation , front-end engineering and design (FEED) and module fabrication services for upstream field developments across the world. The company has market cap of $2.14 billion. The Firm delivers fixed and floating production facilities, pipeline installations and subsea systems from concept to commissioning for offshore and subsea gas and oil projects. It has a 36.53 P/E ratio. It operates through three divisions: the Americas, Europe and Africa (AEA), the Middle East (MEA) and Asia (ASA).

More recent McDermott International (NYSE:MDR) news were published by: Prnewswire.com which released: “Medidata Solutions Set to Join S&P MidCap 400; McDermott International to Join …” on June 20, 2017. Also Reuters.com published the news titled: “BRIEF-McDermott International amends, restates prior credit agreement” on June 30, 2017. Globenewswire.com‘s news article titled: “McDermott Announces $810 Million Credit Agreement” with publication date: July 03, 2017 was also an interesting one.

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