Equities research analysts expect Schlumberger Limited. (NYSE:SLB) to announce earnings per share (EPS) of $0.40 for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for Schlumberger’s earnings. The lowest EPS estimate is $0.37 and the highest is $0.43. Schlumberger reported earnings of $0.25 per share during the same quarter last year, which indicates a positive year over year growth rate of 60%. The business is scheduled to issue its next earnings report on Friday, April 20th.
According to Zacks, analysts expect that Schlumberger will report full-year earnings of $2.16 per share for the current fiscal year, with EPS estimates ranging from $1.94 to $2.35. For the next year, analysts expect that the company will post earnings of $3.16 per share, with EPS estimates ranging from $2.34 to $3.50. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for 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 for the quarter, beating analysts’ consensus estimates of $0.44 by $0.04. The firm had revenue of $8.18 billion during the quarter, compared to analyst estimates of $8.12 billion. Schlumberger had a positive return on equity of 5.27% and a negative net margin of 4.94%. Schlumberger’s quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.27 EPS.
SLB has been the subject of several research reports. Goldman Sachs Group lowered Schlumberger from a “conviction-buy” rating to a “buy” rating and set a $75.00 target price for the company. in a research report on Monday, November 13th. ValuEngine lowered Schlumberger from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Piper Jaffray Companies lifted their target price on Schlumberger from $74.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday, January 19th. Jefferies Group set a $78.00 target price on Schlumberger and gave the stock a “buy” rating in a research report on Thursday, January 4th. Finally, Citigroup decreased their target price on Schlumberger from $80.00 to $76.00 and set a “buy” rating for the company in a research report on Wednesday, October 25th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $82.29.
In other news, CFO Simon Ayat sold 75,000 shares of the business’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $78.86, for a total value of $5,914,500.00. Following the sale, the chief financial officer now owns 138,827 shares of the company’s stock, valued at approximately $10,947,897.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Howard Guild sold 25,000 shares of Schlumberger stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $78.26, for a total value of $1,956,500.00. Following the completion of the transaction, the insider now owns 22,410 shares in the company, valued at $1,753,806.60. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by insiders.
Several hedge funds have recently modified their holdings of the company. Harding Loevner LP grew its holdings in shares of Schlumberger by 1,337.3% during the third quarter. Harding Loevner LP now owns 138,957,632 shares of the oil and gas company’s stock valued at $569,035,000 after buying an additional 129,289,552 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Schlumberger by 2.9% during the second quarter. Vanguard Group Inc. now owns 99,022,940 shares of the oil and gas company’s stock valued at $6,519,670,000 after buying an additional 2,790,227 shares in the last quarter. Dodge & Cox grew its holdings in shares of Schlumberger by 12.8% during the second quarter. Dodge & Cox now owns 48,271,463 shares of the oil and gas company’s stock valued at $3,178,193,000 after buying an additional 5,494,165 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Schlumberger by 6.8% in the fourth quarter. Bank of New York Mellon Corp now owns 27,353,450 shares of the oil and gas company’s stock valued at $1,843,349,000 after purchasing an additional 1,733,171 shares in the last quarter. Finally, Northern Cross LLC grew its stake in Schlumberger by 15.3% in the fourth quarter. Northern Cross LLC now owns 19,852,648 shares of the oil and gas company’s stock valued at $1,337,870,000 after purchasing an additional 2,637,527 shares in the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.
Shares of Schlumberger (SLB) traded up $1.11 on Thursday, hitting $65.51. The stock had a trading volume of 3,935,158 shares, compared to its average volume of 9,860,122. The firm has a market cap of $91,000.00, a price-to-earnings ratio of -57.52, a price-to-earnings-growth ratio of 5.04 and a beta of 0.98. The company has a current ratio of 1.21, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40. Schlumberger has a one year low of $61.02 and a one year high of $82.69.
The company 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 $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date is Tuesday, February 6th. Schlumberger’s dividend payout ratio is presently -175.44%.
WARNING: This news story was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this news story on another domain, it was illegally stolen and republished in violation of US & international trademark and copyright legislation. The original version of this news story can be read at https://www.dispatchtribunal.com/2018/02/22/0-40-earnings-per-share-expected-for-schlumberger-limited-slb-this-quarter.html.
Schlumberger Company Profile
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.
Get a free copy of the Zacks research report on Schlumberger (SLB)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Schlumberger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schlumberger and related companies with MarketBeat.com's FREE daily email newsletter.