Revenue Update on Seacor Holdings(NYSE:CKH)

Seacor Holdings(NYSE:CKH) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 1, 2016. Company reported revenue of $197.04M. Analysts estimated a revenue of $225.02M. Earnings per share were $-3.26. Analysts had estimated an EPS of $-0.26.

Seacor Holdings (CKH) made into the market gainers list on Mondays trading session with the shares advancing 1.74% or 0.96 points. Due to strong positive momentum, the stock ended at $56.22, which is also near the day’s high of $56.53. The stock began the session at $55.74 and the volume stood at 76,049 shares. The 52-week high of the shares is $67.6 and the 52 week low is $41.241. The company has a current market capitalization of $974 M and it has 1,73,20,784 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 7, 2016, Matthew Cenac (EVP/Chief Financial Officer) sold 151 shares at $57.12 per share price.Also, On Jun 7, 2016, Eric Fabrikant (Chief Operating Officer) sold 159 shares at $59.15 per share price.On May 18, 2016, Steven J Wisch (director) sold 3,866 shares at $56.07 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *