Ensco Plc (ESV) Expected to Post Earnings of -$0.08 Per Share
Equities research analysts expect Ensco Plc (NYSE:ESV) to announce ($0.08) earnings per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for Ensco Plc’s earnings, with estimates ranging from ($0.12) to $0.00. Ensco Plc posted earnings per share of $0.51 in the same quarter last year, which suggests a negative year-over-year growth rate of 115.7%. The company is expected to report its next quarterly earnings results on Wednesday, July 26th.
According to Zacks, analysts expect that Ensco Plc will report full year earnings of ($0.26) per share for the current financial year, with EPS estimates ranging from ($0.55) to $0.00. For the next financial year, analysts forecast that the business will report earnings of ($0.75) per share, with EPS estimates ranging from ($1.20) to ($0.10). Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Ensco Plc.
Ensco Plc (NYSE:ESV) last announced its earnings results on Thursday, April 27th. The offshore drilling services provider reported ($0.04) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.06. Ensco Plc had a negative net margin of 52.28% and a positive return on equity of 8.58%. The firm had revenue of $471.10 million for the quarter, compared to analyst estimates of $468.78 million.
A number of research firms have recently weighed in on ESV. Jefferies Group LLC set a $9.00 target price on shares of Ensco Plc and gave the stock a “hold” rating in a research report on Wednesday. Evercore ISI increased their price objective on shares of Ensco Plc from $13.00 to $14.00 and gave the company a “buy” rating in a report on Friday, March 3rd. Credit Suisse Group AG set a $15.00 target price on shares of Ensco Plc and gave the company a “buy” rating in a report on Tuesday, February 28th. Tudor Pickering initiated coverage on shares of Ensco Plc in a research note on Thursday, March 23rd. They set a “hold” rating for the company. Finally, Barclays PLC reiterated a “sell” rating and set a $8.00 target price on shares of Ensco Plc in a research report on Thursday, April 27th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the stock. Ensco Plc presently has an average rating of “Hold” and a consensus target price of $11.17.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of Ensco Plc by 10,624.9% in the first quarter. BlackRock Inc. now owns 26,164,554 shares of the offshore drilling services provider’s stock valued at $234,173,000 after buying an additional 25,920,593 shares during the last quarter. FMR LLC boosted its stake in shares of Ensco Plc by 969.0% in the first quarter. FMR LLC now owns 14,705,005 shares of the offshore drilling services provider’s stock worth $131,610,000 after buying an additional 13,329,369 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Ensco Plc by 657.6% in the first quarter. Dimensional Fund Advisors LP now owns 6,206,197 shares of the offshore drilling services provider’s stock worth $55,544,000 after buying an additional 5,387,049 shares during the last quarter. Norges Bank bought a new stake in shares of Ensco Plc during the fourth quarter worth $50,907,000. Finally, Alyeska Investment Group L.P. boosted its stake in shares of Ensco Plc by 488.4% in the fourth quarter. Alyeska Investment Group L.P. now owns 5,817,738 shares of the offshore drilling services provider’s stock worth $56,548,000 after buying an additional 4,828,991 shares during the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.
Ensco Plc (NYSE:ESV) opened at 6.79 on Friday. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of 2.98 and a beta of 1.74. The firm’s 50 day moving average is $8.03 and its 200-day moving average is $9.37. Ensco Plc has a 12 month low of $6.49 and a 12 month high of $12.04.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 16th. Investors of record on Monday, June 5th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.59%. The ex-dividend date is Thursday, June 1st. Ensco Plc’s dividend payout ratio (DPR) is -0.53%.
Ensco Plc Company Profile
Ensco plc is an offshore contract drilling company. The Company provides offshore contract drilling services to the international oil and gas industry. Its segments include Floaters, Jackups and Other. The Floaters segment includes its drillships and semisubmersible rigs, and provides contract drilling.
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