$452.25 Million in Sales Expected for Ensco Plc (ESV) This Quarter

Analysts expect that Ensco Plc (NYSE:ESV) will report $452.25 million in sales for the current quarter, according to Zacks. Seven analysts have made estimates for Ensco’s earnings. The lowest sales estimate is $446.90 million and the highest is $460.93 million. Ensco posted sales of $504.60 million in the same quarter last year, which suggests a negative year over year growth rate of 10.4%. The business is expected to announce its next earnings results on Monday, February 26th.

On average, analysts expect that Ensco will report full year sales of $452.25 million for the current year, with estimates ranging from $1.82 billion to $1.85 billion. For the next financial year, analysts forecast that the business will report sales of $1.84 billion per share, with estimates ranging from $1.48 billion to $1.97 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Ensco.

Ensco (NYSE:ESV) last announced 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 analyst estimates of $457.79 million. During the same quarter last year, the business posted $0.28 EPS. 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 research analyst reports. Piper Jaffray Companies reiterated a “buy” rating and set a $6.10 price objective on shares of Ensco in a report on Sunday, October 22nd. Goldman Sachs Group began coverage on shares of Ensco in a report on Friday, October 13th. They issued a “buy” rating and a $8.00 price target for the company. began coverage on shares of Ensco in a report on Thursday, October 19th. They issued a “buy” rating and a $7.30 price target for the company. Nordea Equity Research restated a “buy” rating and issued a $8.00 price target on shares of Ensco in a report on Saturday, September 30th. Finally, UBS Group upgraded shares of Ensco from a “neutral” rating to a “buy” rating and boosted their price target for the company from $6.00 to $8.00 in a report on Monday, September 25th. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $7.91.

Institutional investors have recently modified their holdings of the company. Private Advisor Group LLC purchased a new position in shares of Ensco in the 3rd quarter worth approximately $100,000. Harvest Management LLC purchased a new position in shares of Ensco in the 3rd quarter worth approximately $119,000. Crossmark Global Holdings Inc. purchased a new position in shares of Ensco in the 3rd quarter worth approximately $121,000. GWM Advisors LLC purchased a new position in shares of Ensco in the 2nd quarter worth approximately $107,000. Finally, Fox Run Management L.L.C. purchased a new position in shares of Ensco in the 3rd quarter worth approximately $127,000. 76.80% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Ensco (NYSE ESV) traded up $0.09 on Friday, reaching $6.87. 13,030,000 shares of the company were exchanged, compared to its average volume of 12,370,000. Ensco has a one year low of $4.10 and a one year high of $12.03. The company has a market cap of $3,000.00, a price-to-earnings ratio of -29.87 and a beta of 1.82. The company has a quick ratio of 5.04, a current ratio of 5.04 and a debt-to-equity ratio of 0.58.

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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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