$0.87 EPS Expected for Royal Dutch Shell PLC (RDS.A) This Quarter
Wall Street brokerages predict that Royal Dutch Shell PLC (NYSE:RDS.A) will report $0.87 earnings per share for the current quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Royal Dutch Shell PLC’s earnings. Royal Dutch Shell PLC posted earnings per share of $0.26 in the same quarter last year, which suggests a positive year over year growth rate of 234.6%. The firm is scheduled to report its next earnings results before the market opens on Thursday, July 27th.
On average, analysts expect that Royal Dutch Shell PLC will report full year earnings of $3.44 per share for the current fiscal year, with EPS estimates ranging from $3.30 to $3.55. For the next year, analysts anticipate that the firm will post earnings of $4.16 per share, with EPS estimates ranging from $3.85 to $4.39. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Royal Dutch Shell PLC.
A number of equities research analysts have commented on the stock. Societe Generale raised shares of Royal Dutch Shell PLC from a “hold” rating to a “buy” rating in a research report on Monday, May 15th. Zacks Investment Research raised shares of Royal Dutch Shell PLC from a “sell” rating to a “hold” rating in a research report on Tuesday, May 9th. Scotiabank set a $54.00 price objective on shares of Royal Dutch Shell PLC and gave the company a “hold” rating in a research report on Saturday, May 6th. TheStreet raised shares of Royal Dutch Shell PLC from a “c” rating to a “b-” rating in a research report on Thursday, May 4th. Finally, Simmons lowered their target price on shares of Royal Dutch Shell PLC from $61.00 to $60.00 and set an “overweight” rating for the company in a report on Thursday, April 20th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $57.50.
COPYRIGHT VIOLATION WARNING: This news story was originally published by American Banking News and is owned by of American Banking News. If you are viewing this news story on another website, it was illegally stolen and republished in violation of United States & international trademark and copyright law. The legal version of this news story can be viewed at https://www.americanbankingnews.com/2017/07/11/0-87-eps-expected-for-royal-dutch-shell-plc-rds-a-this-quarter.html.
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 26th. Shareholders of record on Friday, May 19th were given a dividend of $0.799 per share. The ex-dividend date of this dividend was Wednesday, May 17th. This represents a $3.20 dividend on an annualized basis and a yield of Infinity. Royal Dutch Shell PLC’s payout ratio is currently 171.12%.
About Royal Dutch Shell PLC
The Royal Dutch Shell plc explores for crude oil and natural gas around the world, both in conventional fields and from sources, such as tight rock, shale and coal formations. The Company’s segments include Integrated Gas, Upstream, Downstream and Corporate. The Integrated Gas segment is engaged in the liquefaction and transportation of gas and the conversion of natural gas to liquids to provide fuels and other products, as well as projects with an integrated activity, ranging from producing to commercializing gas.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Royal Dutch Shell PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Dutch Shell PLC and related companies with MarketBeat.com's FREE daily email newsletter.