Chevron Corp. (CVX) Scheduled to Post Quarterly Earnings on Friday
Chevron Corp. (NYSE:CVX) is set to post its quarterly earnings results on Friday, January 31st. Investors interested in participating in the company’s conference call can do so using this link.
Chevron Corp. (NYSE:CVX) last announced its earnings results on Friday, November 1st. The company reported $2.57 EPS for the quarter, missing the Thomson Reuters consensus estimate of $2.88 by $0.31. The company had revenue of $58.50 billion for the quarter, compared to the consensus estimate of $58.41 billion. During the same quarter in the prior year, the company posted $2.69 earnings per share. The company’s quarterly revenue was up .8% on a year-over-year basis. On average, analysts expect Chevron Corp. to post $11.21 EPS for the current fiscal year and $11.59 EPS for the next fiscal year.
Shares of Chevron Corp. (NYSE:CVX) opened at 116.00 on Thursday. Chevron Corp. has a 52-week low of $113.50 and a 52-week high of $127.83. The stock has a 50-day moving average of $121.2 and a 200-day moving average of $121.7. The company has a market cap of $223.1 billion and a P/E ratio of 9.56.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 10th. Stockholders of record on Friday, February 14th will be paid a dividend of 1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 3.45%.
A number of research firms have recently commented on CVX. Analysts at TheStreet reiterated a “buy” rating on shares of Chevron Corp. in a research note to investors on Tuesday, January 21st. On a related note, analysts at Zacks reiterated a “neutral” rating on shares of Chevron Corp. in a research note to investors on Monday, January 13th. They now have a $127.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $131.88.
Chevron Corporation (NYSE:CVX) manages its investments in subsidiaries and affiliates and provides administrative, financial, management and technology support to the United States and international subsidiaries that engage in fully integrated petroleum operations, chemicals operations, mining activities, power generation and energy services.
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