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.

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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.

Earnings History for Rowan Companies PLC (NYSE:RDC)

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