Analysts See $0.29 EPS for McDermott International, Inc. (MDR)

October 14, 2018 - By olga

McDermott International, Inc. (NYSE:MDR) LogoInvestors sentiment decreased to 0.01 in Q2 2018. Its down 1.28, from 1.29 in 2018Q1. It is negative, as 221 investors sold McDermott International, Inc. shares while 4 reduced holdings. 2 funds opened positions while 1 raised stakes. 6.26 million shares or 97.74% less from 277.17 million shares in 2018Q1 were reported.
Whittier Trust, a California-based fund reported 400 shares. Hanson Doremus Invest Mngmt owns 6,831 shares. Numerixs Invest Tech invested in 0.04% or 8,200 shares. Mcdaniel Terry & Comm has invested 0.09% of its portfolio in McDermott International, Inc. (NYSE:MDR). Renaissance Technologies Ltd Llc reported 0.04% of its portfolio in McDermott International, Inc. (NYSE:MDR). Gemmer Asset Management Ltd Co holds 0% or 285 shares in its portfolio. Cohen Klingenstein Lc, New York-based fund reported 13,184 shares.

Since July 16, 2018, it had 0 insider buys, and 1 insider sale for $40,208 activity.

Analysts expect McDermott International, Inc. (NYSE:MDR) to report $0.29 EPS on November, 7.They anticipate $0.70 EPS change or 70.71 % from last quarter’s $0.99 EPS. MDR’s profit would be $52.37M giving it 13.63 P/E if the $0.29 EPS is correct. After having $0.29 EPS previously, McDermott International, Inc.’s analysts see 0.00 % EPS growth. The stock decreased 2.89% or $0.47 during the last trading session, reaching $15.81. About 3.95M shares traded or 101.70% up from the average. McDermott International, Inc. (NYSE:MDR) has declined 6.37% since October 14, 2017 and is downtrending. It has underperformed by 21.99% the S&P500.

McDermott International, Inc. (NYSE:MDR) Ratings Coverage

Among 3 analysts covering McDermott International (NYSE:MDR), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. McDermott International had 4 analyst reports since May 24, 2018 according to SRatingsIntel. The rating was maintained by Citigroup with “Neutral” on Monday, July 23. KeyBanc Capital Markets maintained the shares of MDR in report on Monday, July 23 with “Overweight” rating. Credit Suisse maintained it with “Neutral” rating and $23 target in Monday, August 13 report. Credit Suisse maintained the stock with “Neutral” rating in Thursday, May 24 report.

McDermott International, Inc. provides engineering, procurement, construction and installation, front-end engineering and design, and module fabrication services for upstream field developments worldwide. The company has market cap of $2.86 billion. It operates through three divisions: the Americas, Europe and Africa; the Middle East; and Asia. It has a 8.42 P/E ratio. 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.

More important recent McDermott International, Inc. (NYSE:MDR) news were published by: Globenewswire.com which released: “Report: Developing Opportunities within McDermott International, Owens & Minor, MicroStrategy, Terex, Entravision …” on October 12, 2018, also Seekingalpha.com published article titled: “Total, partners OK construction of $1B Texas plastics expansion”, Streetinsider.com published: “McDermott (MDR) Secures PDH (propane dehydrogenation) Technology Contract in Europe by INEOS” on October 10, 2018. More interesting news about McDermott International, Inc. (NYSE:MDR) was released by: Bizjournals.com and their article: “McDermott to begin work on $1B natural gas power plant near Houston” with publication date: September 26, 2018.

McDermott International, Inc. (NYSE:MDR) Ratings Chart

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