Revenue Update on Seacor Holdings(NYSE:CKH)

Seacor Holdings(NYSE:CKH) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Mar 28, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $213.036M. Analysts estimated a revenue of $209.150M. The revenues were 1.86% above the estimates. Earnings per share were $0.06. The reported EPS was above estimates by 114.63%. Analysts had estimated an EPS of $-0.41.

Seacor Holdings (CKH) shares turned negative on Fridays trading session with the shares closing down -0.36 points or -0.55% at a volume of 81,801. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $66.69. The peak price level was also seen at $66.69 while the days lowest was $65.43. Finally the shares closed at $65.69. The 52-week high of the shares is $76.32 while the 52-week low is $45.485. According to the latest information available, the market cap of the company is $1,139 M.

Several Insider Transactions has been reported to the SEC. On Dec 2, 2016, Bruce Weins (SVP/Chief Accounting Officer) sold 798 shares at $62.00 per share price.Also, On Sep 22, 2016, Matthew Cenac (EVP/Chief Financial Officer) sold 4,425 shares at $56.25 per share price.On Jun 7, 2016, Eric Fabrikant (Chief Operating Officer) sold 159 shares at $59.15 per share price, according to the Form-4 filing with the securities and exchange commission.

SEACOR Holdings Inc. (SEACOR) is engaged in owning operating investing in and marketing equipment primarily in the offshore oil and gas shipping and logistics industries. The Company operates through four business segments: Offshore Marine Services Inland River Services Shipping Services and Illinois Corn Processing. The Offshore Marine Services segment operates a fleet of support vessels primarily servicing offshore oil and gas exploration development and production facilities. Inland River Services segment operates river transportation equipment used for moving agricultural and industrial commodities and petroleum and chemical products. Shipping Services segment operates a fleet of United States flag marine transportation related assets. Illinois Corn Processing segment produces alcohol used in the food beverage industrial and petrochemical end-markets. It also offers emergency and crisis services agricultural commodity trading and logistics lending and leasing activities.

Add Comment