Wall Street brokerages expect that Schlumberger Limited. (NYSE:SLB) will post earnings per share of $0.35 for the current fiscal quarter, Zacks reports. Nine analysts have provided estimates for Schlumberger’s earnings. The highest EPS estimate is $0.35 and the lowest is $0.33. Schlumberger reported earnings per share of $0.43 in the same quarter last year, which suggests a negative year over year growth rate of 18.6%. The business is expected to issue its next quarterly earnings results before the market opens on Friday, July 19th.
On average, analysts expect that Schlumberger will report full-year earnings of $1.57 per share for the current year, with EPS estimates ranging from $1.43 to $1.80. For the next year, analysts forecast that the company will report earnings of $2.27 per share, with EPS estimates ranging from $1.84 to $3.19. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Schlumberger.
Schlumberger (NYSE:SLB) last posted its quarterly earnings data on Thursday, April 18th. The oil and gas company reported $0.30 earnings per share for the quarter, hitting the consensus estimate of $0.30. The company had revenue of $7.88 billion during the quarter, compared to analysts’ expectations of $7.82 billion. Schlumberger had a return on equity of 5.87% and a net margin of 6.19%. Schlumberger’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.38 earnings per share.
SLB has been the subject of several recent research reports. Barclays reduced their price objective on Schlumberger from $52.00 to $49.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 9th. Tudor Pickering cut Schlumberger from a “hold” rating to a “sell” rating and set a $35.00 price objective for the company. in a research report on Monday, April 22nd. SunTrust Banks upped their price objective on Schlumberger to $53.00 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Goldman Sachs Group initiated coverage on Schlumberger in a research report on Sunday, March 10th. They set a “buy” rating and a $55.00 price objective for the company. Finally, Jefferies Financial Group cut Schlumberger from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $50.00 to $45.00 in a research report on Friday, March 15th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the stock. Schlumberger has an average rating of “Hold” and a consensus target price of $55.78.
SLB stock opened at $36.69 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.35 and a debt-to-equity ratio of 0.45. The stock has a market cap of $50.09 billion, a PE ratio of 22.65, a PEG ratio of 1.47 and a beta of 1.39. Schlumberger has a fifty-two week low of $34.46 and a fifty-two week high of $70.47.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Wednesday, June 5th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $2.00 annualized dividend and a yield of 5.45%. Schlumberger’s dividend payout ratio (DPR) is presently 123.46%.
In other news, CFO Simon Ayat sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $46.10, for a total value of $1,152,500.00. Following the completion of the sale, the chief financial officer now directly owns 255,971 shares of the company’s stock, valued at $11,800,263.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Alexander C. Juden sold 8,643 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $43.29, for a total value of $374,155.47. Following the completion of the sale, the insider now directly owns 70,260 shares of the company’s stock, valued at $3,041,555.40. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ellis Investment Partners LLC acquired a new stake in shares of Schlumberger in the first quarter valued at approximately $26,000. CX Institutional increased its stake in shares of Schlumberger by 158.4% during the first quarter. CX Institutional now owns 646 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 396 shares during the period. Berman Capital Advisors LLC bought a new position in shares of Schlumberger during the fourth quarter worth approximately $31,000. Bruderman Asset Management LLC bought a new position in shares of Schlumberger during the fourth quarter worth approximately $33,000. Finally, Balentine LLC bought a new position in shares of Schlumberger during the first quarter worth approximately $34,000. 77.22% of the stock is owned by institutional investors.
Schlumberger Company Profile
Schlumberger Limited supplies technology for reservoir characterization, drilling, production, and processing to the oil and gas industry worldwide. The company's Reservoir Characterization segment offers reservoir interpretation and data processing services; open and cased-hole, and slickline services; exploration and production pressure and flow-rate measurement services; tubing-conveyed perforating services; integrated production systems; software, consulting, information management, and IT infrastructure services; reservoir characterization, field development planning, and production enhancement consulting services; petro technical data services and training solutions; and integrated management services.
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