Rowan Companies PLC (RDC) Set to Announce Quarterly Earnings on Tuesday
Rowan Companies PLC (NYSE:RDC) will release its Q313 earnings data on Tuesday, November 5th. Analysts expect Rowan Companies PLC to post earnings of $0.43 per share and revenue of $382.90 million for the quarter.
Rowan Companies PLC (NYSE:RDC) last announced its earnings results on Tuesday, August 6th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.01. The company had revenue of $408.90 million for the quarter, compared to the consensus estimate of $399.84 million. During the same quarter in the previous year, the company posted $0.51 earnings per share. The company’s revenue for the quarter was up 16.5% on a year-over-year basis. On average, analysts expect Rowan Companies PLC to post $2.10 EPS for the current fiscal year and $3.58 EPS for the next fiscal year.
Rowan Companies PLC (NYSE:RDC) opened at 35.92 on Monday. Rowan Companies PLC has a 1-year low of $30.05 and a 1-year high of $38.65. The stock has a 50-day moving average of $36.91 and a 200-day moving average of $35.15. The company has a market cap of $4.462 billion and a price-to-earnings ratio of 19.24.
A number of analysts have recently weighed in on RDC shares. Analysts at BMO Capital Markets downgraded shares of Rowan Companies PLC from a “market perform” rating to an “underperform” rating in a research note to investors on Wednesday, October 16th. On the ratings front, analysts at Societe Generale upgraded shares of Rowan Companies PLC from a “hold” rating to a “buy” rating in a research note to investors on Friday, October 11th. They now have a $42.00 price target on the stock, up previously from $40.00. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Rowan Companies PLC in a research note to investors on Friday, September 27th. They now have a $43.00 price target on the stock, up previously from $42.00. One analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $41.26.
Rowan Companies plc, formerly Rowan Companies, Inc, is a provider of international and domestic offshore contract drilling services.
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