D.A. Davidson Sees Modest Q4 Profit Near Expectations For McDermott International

In a report published Tuesday, D.A. Davidson analyst John B. Rogers reiterated a Buy rating and $2.50 price target on McDermott International, Inc. (NYSE: MDR).

In the report, D.A. Davidson noted, "Reported EPS of $0.03 for the fourth quarter. This was an improvement from a loss of $1.37 last year and was near our estimate of $0.01 per share (consensus called for a loss of $0.06). These results brought the full-year loss to $0.32 per share compared to a loss of $2.19 in 2013."

McDermott International closed on Monday at $2.61.