Royal Dutch Shell plc (RDS.A) Posts Earnings Results, Misses Estimates By $0.32 EPS
Royal Dutch Shell plc (NYSE:RDS.A) issued its quarterly earnings data on Thursday. The energy company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.32), Briefing.com reports. The business had revenue of $75.83 billion for the quarter, compared to analyst estimates of $74.15 billion. Royal Dutch Shell plc had a net margin of 3.71% and a return on equity of 6.69%. The firm’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.70 earnings per share.
Royal Dutch Shell plc (RDS.A) traded down $0.14 during midday trading on Friday, hitting $64.10. 3,740,000 shares of the stock traded hands, compared to its average volume of 4,160,000. Royal Dutch Shell plc has a one year low of $48.07 and a one year high of $64.24. The company has a current ratio of 1.24, a quick ratio of 0.92 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $265,680.00, a price-to-earnings ratio of 20.58, a P/E/G ratio of 3.66 and a beta of 1.08.
A number of research analysts have recently issued reports on RDS.A shares. Zacks Investment Research upgraded shares of Royal Dutch Shell plc from a “sell” rating to a “hold” rating in a report on Monday, August 7th. Scotiabank set a $54.00 price objective on shares of Royal Dutch Shell plc and gave the company a “hold” rating in a report on Tuesday, August 8th. Jefferies Group LLC set a $65.00 price objective on shares of Royal Dutch Shell plc and gave the company a “buy” rating in a report on Friday, August 18th. Piper Jaffray Companies set a $62.00 price target on shares of Royal Dutch Shell plc and gave the stock a “buy” rating in a report on Friday, August 25th. Finally, Societe Generale cut shares of Royal Dutch Shell plc from a “buy” rating to a “hold” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $58.78.
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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.
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