Rowan Companies PLC (RDC) Declares Dividend of $0.10
Rowan Companies PLC (NYSE:RDC) declared a dividend on Friday, April 25th, Analyst Ratings Net reports. Shareholders of record on Monday, May 5th will be given a dividend of 0.10 per share on Tuesday, May 20th. The ex-dividend date of this dividend is Thursday, May 1st.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Rowan Companies PLC from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 16th. They now have a $32.00 price target on the stock. On a related note, analysts at Barclays cut their price target on shares of Rowan Companies PLC from $48.00 to $44.00 in a research note on Tuesday, April 8th. Finally, analysts at Morgan Stanley downgraded shares of Rowan Companies PLC from an “equal weight” rating to an “underweight” rating in a research note on Monday, April 7th. They now have a $33.00 price target on the stock, down previously from $42.00. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. Rowan Companies PLC presently has a consensus rating of “Hold” and a consensus price target of $39.72.
Rowan Companies PLC (NYSE:RDC) opened at 31.47 on Friday. Rowan Companies PLC has a 52-week low of $30.01 and a 52-week high of $38.65. The stock’s 50-day moving average is $32.01 and its 200-day moving average is $33.79. The company has a market cap of $3.910 billion and a P/E ratio of 15.50.
Rowan Companies PLC (NYSE:RDC) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.01. The company had revenue of $393.40 million for the quarter, compared to the consensus estimate of $389.21 million. During the same quarter in the previous year, the company posted $0.63 earnings per share. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. Analysts expect that Rowan Companies PLC will post $2.50 EPS for the current fiscal year.
Rowan Companies plc, formerly Rowan Companies, Inc, is a provider of international and domestic offshore contract drilling services.
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