$0.41 Earnings Per Share Expected for Schlumberger N.V. (SLB) This Quarter
Analysts predict that Schlumberger N.V. (NYSE:SLB) will post earnings per share of $0.41 for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Schlumberger N.V.’s earnings. The highest EPS estimate is $0.43 and the lowest is $0.39. Schlumberger N.V. posted earnings per share of $0.25 during the same quarter last year, which would indicate a positive year-over-year growth rate of 64%. The company is scheduled to report its next earnings results on Thursday, October 19th.
According to Zacks, analysts expect that Schlumberger N.V. will report full year earnings of $1.50 per share for the current year, with EPS estimates ranging from $1.40 to $1.60. For the next fiscal year, analysts forecast that the company will report earnings of $2.37 per share, with EPS estimates ranging from $1.69 to $3.38. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that follow Schlumberger N.V..
Schlumberger N.V. (NYSE:SLB) last announced its quarterly earnings results on Friday, July 21st. The oil and gas company reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.05. The business had revenue of $7.46 billion for the quarter, compared to analyst estimates of $7.25 billion. Schlumberger N.V. had a return on equity of 3.80% and a net margin of 0.62%. Schlumberger N.V.’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.23 EPS.
A number of equities analysts have commented on the company. Deutsche Bank AG lowered their price objective on Schlumberger N.V. from $101.00 to $100.00 and set a “buy” rating on the stock in a research note on Tuesday, April 18th. Zacks Investment Research upgraded Schlumberger N.V. from a “sell” rating to a “hold” rating in a research note on Tuesday, April 18th. Jefferies Group LLC restated an “equal weight” rating on shares of Schlumberger N.V. in a research note on Friday, April 14th. HSBC Holdings plc assumed coverage on Schlumberger N.V. in a research note on Wednesday, April 19th. They set a “hold” rating and a $90.00 price objective on the stock. Finally, Vetr upgraded Schlumberger N.V. from a “buy” rating to a “strong-buy” rating and set a $91.00 price objective on the stock in a research note on Thursday, April 20th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $86.40.
In other Schlumberger N.V. news, Director Tore I. Sandvold sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $69.82, for a total transaction of $349,100.00. Following the completion of the sale, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $349,100. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Helge Lund acquired 2,800 shares of the firm’s stock in a transaction on Monday, July 24th. The shares were bought at an average cost of $66.78 per share, with a total value of $186,984.00. The disclosure for this purchase can be found here. Insiders own 0.38% of the company’s stock.
A number of hedge funds have recently modified their holdings of SLB. Pekin Singer Strauss Asset Management IL raised its stake in shares of Schlumberger N.V. by 15.9% in the fourth quarter. Pekin Singer Strauss Asset Management IL now owns 19,295 shares of the oil and gas company’s stock worth $1,620,000 after buying an additional 2,644 shares in the last quarter. Lincoln Capital Corp bought a new stake in shares of Schlumberger N.V. during the fourth quarter worth approximately $2,472,000. Dodge & Cox bought a new stake in shares of Schlumberger N.V. during the fourth quarter worth approximately $3,954,205,000. Israel Discount Bank of New York GFN bought a new stake in shares of Schlumberger N.V. during the fourth quarter worth approximately $785,000. Finally, Norges Bank bought a new stake in shares of Schlumberger N.V. during the fourth quarter worth approximately $1,178,888,000. 79.14% of the stock is owned by hedge funds and other institutional investors.
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Shares of Schlumberger N.V. (SLB) opened at 66.55 on Tuesday. The firm has a market cap of $92.14 billion, a price-to-earnings ratio of 524.02 and a beta of 1.02. The company has a 50-day moving average price of $66.69 and a 200 day moving average price of $74.58. Schlumberger N.V. has a 52 week low of $64.15 and a 52 week high of $87.84.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Wednesday, September 6th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend is Friday, September 1st. Schlumberger N.V.’s payout ratio is 1,538.58%.
Schlumberger N.V. Company Profile
Schlumberger N.V. provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The Company’s segments include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group. The Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.
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