Wall Street brokerages predict that Ensco Plc (NYSE:ESV) will report earnings of ($0.30) per share for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Ensco’s earnings, with estimates ranging from ($0.60) to ($0.11). Ensco posted earnings of $0.09 per share in the same quarter last year, which suggests a negative year over year growth rate of 433.3%. The firm is expected to report its next quarterly earnings report on Monday, February 26th.

According to Zacks, analysts expect that Ensco will report full year earnings of ($0.53) per share for the current financial year, with EPS estimates ranging from ($0.83) to ($0.40). For the next fiscal year, analysts expect that the business will report earnings of ($0.90) per share, with EPS estimates ranging from ($1.50) to ($0.38). Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Ensco.

Ensco (NYSE:ESV) last released its quarterly earnings data on Thursday, October 26th. The offshore drilling services provider reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.11. Ensco had a negative net margin of 3.04% and a negative return on equity of 0.37%. The company had revenue of $460.00 million during the quarter, compared to analysts’ expectations of $457.79 million. During the same quarter in the previous year, the company earned $0.28 earnings per share. The firm’s revenue for the quarter was down 16.1% on a year-over-year basis.

ESV has been the subject of a number of recent analyst reports. BMO Capital Markets set a $5.00 price objective on shares of Ensco and gave the company a “hold” rating in a report on Tuesday, October 17th. B. Riley reissued a “neutral” rating on shares of Ensco in a research note on Wednesday, November 1st. Jefferies Group set a $6.00 target price on shares of Ensco and gave the stock a “hold” rating in a research note on Sunday, October 29th. Zacks Investment Research raised shares of Ensco from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th. Finally, ValuEngine cut shares of Ensco from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company. Ensco currently has an average rating of “Hold” and an average target price of $8.24.

Ensco (ESV) traded down $0.32 on Friday, reaching $5.26. 13,705,700 shares of the company’s stock were exchanged, compared to its average volume of 14,572,272. Ensco has a one year low of $4.10 and a one year high of $12.04. The company has a debt-to-equity ratio of 0.58, a current ratio of 5.04 and a quick ratio of 5.04.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Monday, December 4th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, December 1st. This represents a $0.04 dividend on an annualized basis and a yield of 0.76%. Ensco’s payout ratio is presently -21.05%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its position in Ensco by 25.3% during the second quarter. BlackRock Inc. now owns 32,777,289 shares of the offshore drilling services provider’s stock worth $169,130,000 after acquiring an additional 6,612,735 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Ensco by 170.3% during the second quarter. Dimensional Fund Advisors LP now owns 16,775,071 shares of the offshore drilling services provider’s stock worth $86,564,000 after acquiring an additional 10,568,874 shares during the last quarter. Capital International Investors boosted its position in Ensco by 49.1% during the third quarter. Capital International Investors now owns 15,811,810 shares of the offshore drilling services provider’s stock worth $94,397,000 after acquiring an additional 5,205,307 shares during the last quarter. Capital Guardian Trust Co. boosted its position in Ensco by 22.9% during the third quarter. Capital Guardian Trust Co. now owns 13,074,290 shares of the offshore drilling services provider’s stock worth $78,054,000 after acquiring an additional 2,437,145 shares during the last quarter. Finally, State Street Corp boosted its position in Ensco by 1.6% during the second quarter. State Street Corp now owns 12,112,020 shares of the offshore drilling services provider’s stock worth $62,497,000 after acquiring an additional 192,165 shares during the last quarter. Hedge funds and other institutional investors own 76.88% of the company’s stock.

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Ensco 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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Earnings History and Estimates for Ensco (NYSE:ESV)

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