ENSCO PLC (ESV) Scheduled to Post Earnings on Thursday
ENSCO PLC (NYSE:ESV) is scheduled to post its quarterly earnings results before the market opens on Thursday, October 26th. Analysts expect ENSCO PLC to post earnings of ($0.09) per share for the quarter.
ENSCO PLC (NYSE:ESV) last issued its quarterly earnings results on Thursday, July 27th. The offshore drilling services provider reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.02. ENSCO PLC had a return on equity of 0.77% and a net margin of 2.68%. The firm had revenue of $457.50 million during the quarter, compared to analysts’ expectations of $453.48 million. During the same period in the prior year, the firm posted $2.04 earnings per share. The business’s quarterly revenue was down 49.7% compared to the same quarter last year. On average, analysts expect ENSCO PLC to post $-0.44 EPS for the current fiscal year and $-0.98 EPS for the next fiscal year.
ENSCO PLC (NYSE ESV) opened at 5.38 on Thursday. ENSCO PLC has a 12 month low of $4.10 and a 12 month high of $12.04. The firm has a market capitalization of $1.64 billion, a PE ratio of 33.62 and a beta of 1.75. The company’s 50-day moving average price is $5.28 and its 200 day moving average price is $6.04.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Monday, September 11th were paid a $0.01 dividend. The ex-dividend date was Friday, September 8th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.74%. ENSCO PLC’s payout ratio is presently 23.53%.
ESV has been the topic of a number of research analyst reports. Seaport Global Securities downgraded ENSCO PLC from a “neutral” rating to a “sell” rating and cut their target price for the stock from $6.50 to $4.00 in a research note on Wednesday, June 21st. BidaskClub downgraded ENSCO PLC from a “sell” rating to a “strong sell” rating in a research note on Thursday, June 22nd. Bank of America Corporation downgraded ENSCO PLC from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $7.00 to $5.00 in a research note on Friday, June 30th. Jefferies Group LLC set a $9.00 target price on ENSCO PLC and gave the stock a “hold” rating in a research note on Saturday, July 1st. Finally, BMO Capital Markets restated a “hold” rating and issued a $4.75 target price on shares of ENSCO PLC in a research note on Tuesday, July 11th. Six equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $9.09.
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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