Seacor (NYSE:CKH) posted its earnings results on Monday, October 28th. The oil and gas company reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.17), Fidelity Earnings reports. The firm had revenue of $200.66 million during the quarter, compared to the consensus estimate of $201.84 million. Seacor had a return on equity of 3.69% and a net margin of 2.92%.
CKH traded down $0.54 during trading on Wednesday, hitting $40.51. The company’s stock had a trading volume of 57,344 shares, compared to its average volume of 75,565. Seacor has a 12 month low of $34.63 and a 12 month high of $51.42. The stock has a market capitalization of $857.21 million, a price-to-earnings ratio of 22.38 and a beta of 0.77. The company has a quick ratio of 1.41, a current ratio of 1.44 and a debt-to-equity ratio of 0.44. The firm’s 50 day moving average price is $44.95 and its two-hundred day moving average price is $45.76.
Several brokerages have weighed in on CKH. Zacks Investment Research cut shares of Seacor from a “hold” rating to a “strong sell” rating in a research note on Friday, November 1st. ValuEngine upgraded shares of Seacor from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd.
In other news, COO Eric Fabrikant sold 6,984 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $50.28, for a total transaction of $351,155.52. Following the sale, the chief operating officer now directly owns 77,136 shares of the company’s stock, valued at $3,878,398.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Charles Fabrikant sold 24,100 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $47.34, for a total transaction of $1,140,894.00. Following the completion of the transaction, the chief executive officer now owns 521,809 shares of the company’s stock, valued at approximately $24,702,438.06. The disclosure for this sale can be found here. Insiders sold 63,085 shares of company stock valued at $3,016,797 over the last ninety days. 10.47% of the stock is currently owned by company insiders.
SEACOR Holdings Inc engages in transportation and logistics, risk management consultancy, and other businesses in the United States and internationally. The company operates through Ocean Transportation & Logistics Services, Inland Transportation & Logistics Services, Witt O’Brien’s, and Other segments.
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