Brokerages predict that Schlumberger Limited. (NYSE:SLB) will report $7.95 billion in sales for the current fiscal quarter, according to Zacks. Nine analysts have issued estimates for Schlumberger’s earnings, with estimates ranging from $7.67 billion to $8.15 billion. Schlumberger posted sales of $6.89 billion in the same quarter last year, which suggests a positive year over year growth rate of 15.4%. The business is scheduled to report its next earnings results before the market opens on Friday, April 20th.
According to Zacks, analysts expect that Schlumberger will report full-year sales of $7.95 billion for the current fiscal year, with estimates ranging from $33.30 billion to $35.71 billion. For the next fiscal year, analysts expect that the business will report sales of $38.96 billion per share, with estimates ranging from $35.65 billion to $41.45 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Schlumberger.
Schlumberger (NYSE:SLB) last issued its quarterly earnings data on Friday, January 19th. The oil and gas company reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.04. Schlumberger had a positive return on equity of 5.27% and a negative net margin of 4.94%. The firm had revenue of $8.18 billion during the quarter, compared to the consensus estimate of $8.12 billion. During the same period in the previous year, the firm posted $0.27 EPS. The company’s quarterly revenue was up 15.1% compared to the same quarter last year.
In other news, insider Howard Guild sold 25,000 shares of the business’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $78.26, for a total transaction of $1,956,500.00. Following the completion of the sale, the insider now directly owns 22,410 shares of the company’s stock, valued at approximately $1,753,806.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Simon Ayat sold 75,000 shares of the business’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $78.86, for a total transaction of $5,914,500.00. Following the sale, the chief financial officer now directly owns 138,827 shares of the company’s stock, valued at $10,947,897.22. The disclosure for this sale can be found here. 0.48% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Harding Loevner LP boosted its position in Schlumberger by 1,337.3% during the 3rd quarter. Harding Loevner LP now owns 138,957,632 shares of the oil and gas company’s stock worth $569,035,000 after purchasing an additional 129,289,552 shares during the period. Vanguard Group Inc. boosted its position in Schlumberger by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 99,022,940 shares of the oil and gas company’s stock worth $6,519,670,000 after purchasing an additional 2,790,227 shares during the period. Dodge & Cox boosted its position in Schlumberger by 12.8% during the 2nd quarter. Dodge & Cox now owns 48,271,463 shares of the oil and gas company’s stock worth $3,178,193,000 after purchasing an additional 5,494,165 shares during the period. Bank of New York Mellon Corp boosted its position in Schlumberger by 6.8% during the 4th quarter. Bank of New York Mellon Corp now owns 27,353,450 shares of the oil and gas company’s stock worth $1,843,349,000 after purchasing an additional 1,733,171 shares during the period. Finally, Northern Cross LLC boosted its position in Schlumberger by 15.3% during the 4th quarter. Northern Cross LLC now owns 19,852,648 shares of the oil and gas company’s stock worth $1,337,870,000 after purchasing an additional 2,637,527 shares during the period. 80.01% of the stock is owned by institutional investors.
Schlumberger (SLB) opened at $68.09 on Tuesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 1.21. Schlumberger has a 12-month low of $61.02 and a 12-month high of $80.89. The stock has a market capitalization of $94,320.00, a P/E ratio of -59.73, a P/E/G ratio of 5.30 and a beta of 1.03.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Wednesday, February 7th will be paid a dividend of $0.50 per share. The ex-dividend date is Tuesday, February 6th. This represents a $2.00 annualized dividend and a dividend yield of 2.94%. Schlumberger’s dividend payout ratio is presently -175.44%.
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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