$8.14 Billion in Sales Expected for Schlumberger Limited. (SLB) This Quarter
Analysts predict that Schlumberger Limited. (NYSE:SLB) will report $8.14 billion in sales for the current fiscal quarter, according to Zacks. Nine analysts have issued estimates for Schlumberger’s earnings, with the highest sales estimate coming in at $8.33 billion and the lowest estimate coming in at $8.01 billion. Schlumberger posted sales of $7.11 billion during the same quarter last year, which would indicate a positive year over year growth rate of 14.5%. The business is expected to issue its next quarterly earnings results before the market opens on Friday, January 19th.
According to Zacks, analysts expect that Schlumberger will report full year sales of $8.14 billion for the current year, with estimates ranging from $30.15 billion to $30.62 billion. For the next fiscal year, analysts anticipate that the business will post sales of $34.73 billion per share, with estimates ranging from $32.59 billion to $39.69 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Schlumberger.
Schlumberger (NYSE:SLB) last released its quarterly earnings results on Friday, October 20th. The oil and gas company reported $0.42 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.42. Schlumberger had a net margin of 1.86% and a return on equity of 4.42%. The business had revenue of $7.91 billion during the quarter, compared to analysts’ expectations of $7.91 billion. During the same quarter in the previous year, the company earned $0.25 EPS. The business’s quarterly revenue was up 12.6% compared to the same quarter last year.
Schlumberger (NYSE:SLB) opened at $71.33 on Thursday. The company has a quick ratio of 1.20, a current ratio of 1.53 and a debt-to-equity ratio of 0.40. Schlumberger has a 12 month low of $61.02 and a 12 month high of $87.84. The company has a market cap of $98,810.00, a P/E ratio of 182.90, a price-to-earnings-growth ratio of 1.42 and a beta of 1.01.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Wednesday, December 6th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $2.00 annualized dividend and a yield of 2.80%. Schlumberger’s dividend payout ratio (DPR) is presently 512.82%.
In other Schlumberger news, Director Tore I. Sandvold sold 3,500 shares of the company’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $62.63, for a total value of $219,205.00. Following the completion of the transaction, the director now directly owns 1,500 shares in the company, valued at approximately $93,945. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.38% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. XR Securities LLC bought a new position in Schlumberger in the 4th quarter worth $454,000. Beacon Financial Group grew its position in shares of Schlumberger by 80.7% in the 4th quarter. Beacon Financial Group now owns 32,791 shares of the oil and gas company’s stock worth $2,210,000 after buying an additional 14,643 shares during the period. Atlantic Trust Group LLC grew its position in shares of Schlumberger by 18.8% in the 3rd quarter. Atlantic Trust Group LLC now owns 337,066 shares of the oil and gas company’s stock worth $23,513,000 after buying an additional 53,243 shares during the period. Parametric Portfolio Associates LLC grew its position in shares of Schlumberger by 3.4% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 2,362,491 shares of the oil and gas company’s stock worth $164,807,000 after buying an additional 78,120 shares during the period. Finally, Hellman Jordan Management Co. Inc. MA grew its position in shares of Schlumberger by 6.6% in the 3rd quarter. Hellman Jordan Management Co. Inc. MA now owns 15,153 shares of the oil and gas company’s stock worth $1,057,000 after buying an additional 943 shares during the period. Institutional investors and hedge funds own 79.30% of the company’s stock.
Schlumberger N.V. provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The Company’s segments include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group. The Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.
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