NEW YORK (TheStreet) -- Atwood Oceanics (ATW) shares are up 1.1% to $38.18 in after-hours trading on Monday after the company reported its fourth quarter earnings results after the closing bell today.
The company reported earnings of $112.2 million, or $1.72 per diluted share, ahead of the $1.57 it reported during the same period last year, and ahead of analysts' $1.55 estimates for this year.
The company reported revenue for the period of $323.4 million, in-line with what analysts were expecting the company to earn during the period.
TheStreet Ratings team rates ATWOOD OCEANICS as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:
"We rate ATWOOD OCEANICS (ATW) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
- You can view the full analysis from the report here: ATW Ratings Report