Rowan Companies PLC (RDC) to Release Quarterly Earnings on Wednesday
Rowan Companies PLC (NYSE:RDC) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, November 1st. Analysts expect the company to announce earnings of ($0.42) per share for the quarter.
Rowan Companies PLC (NYSE:RDC) last announced its earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.25) EPS for the quarter, topping the consensus estimate of ($0.30) by $0.05. The firm had revenue of $320.20 million for the quarter, compared to the consensus estimate of $296.87 million. Rowan Companies PLC had a negative net margin of 2.62% and a positive return on equity of 0.51%. The business’s quarterly revenue was down 47.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.75 EPS. On average, analysts expect Rowan Companies PLC to post $-0.92 EPS for the current fiscal year and $-2.48 EPS for the next fiscal year.
Rowan Companies PLC (RDC) opened at 13.37 on Wednesday. Rowan Companies PLC has a one year low of $9.02 and a one year high of $21.68. The company’s market cap is $1.69 billion. The company has a 50-day moving average of $12.20 and a 200 day moving average of $11.95.
Several research firms have issued reports on RDC. Zacks Investment Research raised shares of Rowan Companies PLC from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Tuesday, October 17th. BMO Capital Markets set a $12.00 price target on shares of Rowan Companies PLC and gave the stock a “hold” rating in a research report on Tuesday, October 17th. Deutsche Bank AG began coverage on shares of Rowan Companies PLC in a research report on Tuesday, October 10th. They set a “hold” rating and a $15.00 price target on the stock. HSBC Holdings plc began coverage on shares of Rowan Companies PLC in a research report on Thursday, October 19th. They set a “buy” rating and a $16.80 price target on the stock. Finally, FBR & Co reaffirmed a “buy” rating on shares of Rowan Companies PLC in a research report on Thursday, October 19th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $16.04.
TRADEMARK VIOLATION WARNING: This report was first reported by American Banking News and is owned by of American Banking News. If you are accessing this report on another domain, it was stolen and reposted in violation of U.S. & international copyright legislation. The legal version of this report can be read at https://www.americanbankingnews.com/2017/10/25/rowan-companies-plc-rdc-to-release-quarterly-earnings-on-wednesday.html.
About Rowan Companies PLC
Rowan Companies plc is a provider of offshore contract drilling services to the international oil and gas industry. The Company operates through two segments: deepwater and jack-ups. Its deepwater segment consists of drillship operations. As of December 31, 2016, the Company’s fleet consisted of 29 mobile offshore drilling units, including 25 self-elevating jack-up rigs and four ultra-deepwater drillships.
Receive News & Ratings for Rowan Companies PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rowan Companies PLC and related companies with MarketBeat.com's FREE daily email newsletter.