Diamond Offshore Drilling (DO) Set to Announce Earnings on Monday

Diamond Offshore Drilling (NYSE:DO) is scheduled to be releasing its earnings data before the market opens on Monday, February 5th. Analysts expect Diamond Offshore Drilling to post earnings of $0.09 per share for the quarter.

Diamond Offshore Drilling (NYSE:DO) last posted its quarterly earnings results on Monday, October 30th. The offshore drilling services provider reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.05. The business had revenue of $366.02 million for the quarter, compared to analysts’ expectations of $365.38 million. Diamond Offshore Drilling had a return on equity of 6.23% and a net margin of 10.86%. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.10 earnings per share. On average, analysts expect Diamond Offshore Drilling to post $1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Diamond Offshore Drilling (NYSE:DO) opened at $19.06 on Monday. The stock has a market capitalization of $2,620.00, a PE ratio of 15.75 and a beta of 1.28. Diamond Offshore Drilling has a 1-year low of $10.06 and a 1-year high of $20.41. The company has a quick ratio of 3.58, a current ratio of 3.58 and a debt-to-equity ratio of 0.52.

In other news, Director Charles Fabrikant sold 1,500 shares of Diamond Offshore Drilling stock in a transaction dated Friday, December 28th. The stock was sold at an average price of $18.55, for a total transaction of $27,825.00. Following the transaction, the director now owns 1,000 shares in the company, valued at approximately $18,550. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is currently owned by company insiders.

Several research firms recently issued reports on DO. Cowen set a $18.00 price target on Diamond Offshore Drilling and gave the company a “hold” rating in a report on Thursday, January 11th. Susquehanna Bancshares set a $17.00 price target on Diamond Offshore Drilling and gave the company a “hold” rating in a report on Friday, January 12th. Barclays cut Diamond Offshore Drilling from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $19.92 to $13.00 in a report on Tuesday, January 23rd. Jefferies Group cut Diamond Offshore Drilling from a “hold” rating to an “underperform” rating and set a $15.00 target price on the stock. in a report on Thursday, January 4th. Finally, TheStreet upgraded Diamond Offshore Drilling from a “d+” rating to a “c-” rating in a report on Monday, January 22nd. Eleven equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $14.91.

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Diamond Offshore Drilling Company Profile

Diamond Offshore Drilling, Inc provides contract drilling services to the energy industry. As of December 31, 2016, the Company had a fleet of 24 offshore drilling rigs. As of December 31, 2016, its fleet consisted of four drillships, 19 semisubmersible rigs and one jack-up rig. Its fleet enables it to offer a range of services, primarily in the floater market, including ultra-deepwater, deepwater and mid-water.

Earnings History for Diamond Offshore Drilling (NYSE:DO)

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