Wall Street brokerages predict that Ensco Plc (NYSE:ESV) will report $439.28 million in sales for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Ensco’s earnings, with estimates ranging from $419.61 million to $489.00 million. Ensco reported sales of $471.10 million during the same quarter last year, which would suggest a negative year over year growth rate of 6.8%. The firm is expected to report its next quarterly earnings results on Wednesday, April 25th.
According to Zacks, analysts expect that Ensco will report full year sales of $439.28 million for the current fiscal year, with estimates ranging from $1.72 billion to $2.01 billion. For the next year, analysts expect that the company will post sales of $1.87 billion per share, with estimates ranging from $1.43 billion to $2.07 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Ensco.
Ensco (NYSE:ESV) last released its quarterly earnings results on Tuesday, February 27th. The offshore drilling services provider reported ($0.23) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.03. The business had revenue of $454.00 million during the quarter, compared to the consensus estimate of $453.21 million. Ensco had a negative return on equity of 1.86% and a negative net margin of 16.48%. The business’s revenue was down 10.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.10 EPS.
Several research firms have recently issued reports on ESV. Cowen set a $5.00 price target on Ensco and gave the stock a “hold” rating in a research note on Thursday. Zacks Investment Research raised Ensco from a “sell” rating to a “hold” rating in a research note on Wednesday, March 7th. Jefferies Group set a $6.00 price target on Ensco and gave the stock a “hold” rating in a research note on Thursday, January 4th. Wells Fargo cut their price target on Ensco from $7.00 to $6.00 and set a “market perform” rating for the company in a research note on Wednesday, February 28th. Finally, Credit Suisse Group downgraded Ensco from an “outperform” rating to a “neutral” rating and set a $8.00 price target for the company. in a research note on Tuesday, January 23rd. They noted that the move was a valuation call. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $7.02.
Ensco (ESV) traded up $0.13 during trading hours on Friday, hitting $4.76. The stock had a trading volume of 13,763,556 shares, compared to its average volume of 14,025,336. The firm has a market cap of $2,084.12, a P/E ratio of -5.88 and a beta of 1.88. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.54. Ensco has a fifty-two week low of $4.10 and a fifty-two week high of $9.50.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Monday, March 5th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.84%. The ex-dividend date is Friday, March 2nd. Ensco’s payout ratio is -4.94%.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. grew its holdings in Ensco by 45.4% in the 4th quarter. BlackRock Inc. now owns 48,257,622 shares of the offshore drilling services provider’s stock valued at $285,202,000 after buying an additional 15,071,031 shares during the period. Majedie Asset Management Ltd grew its holdings in Ensco by 182.2% in the 4th quarter. Majedie Asset Management Ltd now owns 18,008,535 shares of the offshore drilling services provider’s stock valued at $106,430,000 after buying an additional 11,626,102 shares during the period. Capital International Investors grew its holdings in Ensco by 49.1% in the 3rd quarter. Capital International Investors now owns 15,811,810 shares of the offshore drilling services provider’s stock valued at $94,397,000 after buying an additional 5,205,307 shares during the period. Capital Guardian Trust Co. grew its holdings in Ensco by 22.9% in the 3rd quarter. Capital Guardian Trust Co. now owns 13,074,290 shares of the offshore drilling services provider’s stock valued at $78,054,000 after buying an additional 2,437,145 shares during the period. Finally, Contrarius Investment Management Ltd grew its holdings in Ensco by 9.6% in the 3rd quarter. Contrarius Investment Management Ltd now owns 8,370,736 shares of the offshore drilling services provider’s stock valued at $49,973,000 after buying an additional 732,731 shares during the period. Institutional investors own 92.17% of the company’s stock.
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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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