Zacks: Analysts Expect Schlumberger Limited. (NYSE:SLB) Will Announce Earnings of $0.31 Per Share

Analysts expect that Schlumberger Limited. (NYSE:SLB) will announce $0.31 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Schlumberger’s earnings, with the lowest EPS estimate coming in at $0.27 and the highest estimate coming in at $0.39. Schlumberger reported earnings per share of $0.30 in the same quarter last year, which suggests a positive year-over-year growth rate of 3.3%. The company is scheduled to report its next earnings report before the market opens on Friday, April 17th.

On average, analysts expect that Schlumberger will report full year earnings of $1.59 per share for the current financial year, with EPS estimates ranging from $1.44 to $1.75. For the next financial year, analysts anticipate that the company will post earnings of $1.99 per share, with EPS estimates ranging from $1.65 to $2.27. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Schlumberger.

Schlumberger (NYSE:SLB) last announced its quarterly earnings data on Friday, January 17th. The oil and gas company reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.02. The business had revenue of $8.23 billion during the quarter, compared to analyst estimates of $8.16 billion. Schlumberger had a positive return on equity of 6.77% and a negative net margin of 30.80%. The company’s revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.36 earnings per share.

SLB has been the subject of several research analyst reports. Wells Fargo & Co upped their price objective on Schlumberger from $40.00 to $44.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. ValuEngine upgraded Schlumberger from a “sell” rating to a “hold” rating in a report on Friday, January 3rd. UBS Group lowered Schlumberger from a “buy” rating to a “neutral” rating and cut their price objective for the company from $47.00 to $30.00 in a report on Tuesday, March 3rd. Deutsche Bank started coverage on Schlumberger in a report on Wednesday, November 27th. They issued a “buy” rating and a $42.00 price objective for the company. Finally, Tudor Pickering raised Schlumberger from a “sell” rating to a “buy” rating and set a $40.00 target price for the company in a report on Wednesday, November 20th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the stock. Schlumberger presently has a consensus rating of “Hold” and a consensus target price of $38.72.

Shares of Schlumberger stock opened at $18.19 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.19 and a debt-to-equity ratio of 0.61. The firm has a market cap of $33.02 billion, a price-to-earnings ratio of -2.48, a price-to-earnings-growth ratio of 1.41 and a beta of 1.68. The business has a fifty day simple moving average of $32.07 and a 200-day simple moving average of $35.04. Schlumberger has a fifty-two week low of $12.91 and a fifty-two week high of $48.88.

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Wednesday, February 12th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 11.00%. The ex-dividend date is Tuesday, February 11th. Schlumberger’s dividend payout ratio is 136.05%.

In other Schlumberger news, insider Rajeev Sonthalia purchased 1,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were purchased at an average cost of $35.24 per share, with a total value of $35,240.00. Following the completion of the transaction, the insider now owns 13,829 shares of the company’s stock, valued at $487,333.96. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Vijay Kasibhatla purchased 2,000 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The shares were acquired at an average cost of $17.05 per share, for a total transaction of $34,100.00. Following the completion of the transaction, the director now directly owns 29,362 shares of the company’s stock, valued at approximately $500,622.10. The disclosure for this purchase can be found here. Corporate insiders own 0.58% of the company’s stock.

A number of large investors have recently bought and sold shares of SLB. AllSquare Wealth Management LLC acquired a new position in Schlumberger during the third quarter valued at $37,000. Vestor Capital LLC acquired a new position in Schlumberger during the fourth quarter valued at $42,000. S.A. Mason LLC acquired a new position in Schlumberger during the fourth quarter valued at $43,000. Pacitti Group Inc. acquired a new position in Schlumberger during the fourth quarter valued at $44,000. Finally, Advisors Preferred LLC acquired a new position in Schlumberger during the fourth quarter valued at $47,000. 78.15% of the stock is currently owned by hedge funds and other institutional investors.

About Schlumberger

Schlumberger Limited supplies technology for reservoir characterization, drilling, production, and processing to the oil and gas industry worldwide. The company's Reservoir Characterization segment offers reservoir interpretation and data processing services; open and cased-hole, and slickline services; exploration and production pressure and flow-rate measurement services; tubing-conveyed perforating services; integrated production systems; software, consulting, information management, and IT infrastructure services; reservoir characterization, field development planning, and production enhancement consulting services; petro technical data services and training solutions; and integrated management services.

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