-$0.04 EPS Expected for National-Oilwell Varco, Inc. (NOV) This Quarter
Brokerages expect National-Oilwell Varco, Inc. (NYSE:NOV) to post ($0.04) earnings per share for the current fiscal quarter, according to Zacks. Ten analysts have issued estimates for National-Oilwell Varco’s earnings. The highest EPS estimate is ($0.02) and the lowest is ($0.07). National-Oilwell Varco reported earnings per share of ($0.15) in the same quarter last year, which suggests a positive year-over-year growth rate of 73.3%. The company is expected to issue its next quarterly earnings results after the market closes on Monday, February 5th.
According to Zacks, analysts expect that National-Oilwell Varco will report full-year earnings of ($0.41) per share for the current financial year, with EPS estimates ranging from ($0.45) to ($0.34). For the next fiscal year, analysts expect that the business will report earnings of $0.31 per share, with EPS estimates ranging from ($0.16) to $1.00. Zacks’ EPS averages are an average based on a survey of research analysts that that provide coverage for National-Oilwell Varco.
National-Oilwell Varco (NYSE:NOV) last posted its quarterly earnings data on Thursday, October 26th. The oil and gas exploration company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.01. The firm had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.86 billion. National-Oilwell Varco had a negative return on equity of 1.41% and a negative net margin of 13.33%. The firm’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter last year, the business posted ($0.34) EPS.
Institutional investors and hedge funds have recently bought and sold shares of the business. Parametric Portfolio Associates LLC grew its holdings in shares of National-Oilwell Varco by 1.7% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,122,145 shares of the oil and gas exploration company’s stock worth $40,094,000 after purchasing an additional 18,333 shares during the period. 683 Capital Management LLC purchased a new stake in shares of National-Oilwell Varco during the 3rd quarter worth about $8,575,000. Moors & Cabot Inc. grew its holdings in shares of National-Oilwell Varco by 6.7% during the 3rd quarter. Moors & Cabot Inc. now owns 27,646 shares of the oil and gas exploration company’s stock worth $991,000 after purchasing an additional 1,726 shares during the period. Afam Capital Inc. grew its holdings in shares of National-Oilwell Varco by 4.3% during the 3rd quarter. Afam Capital Inc. now owns 144,634 shares of the oil and gas exploration company’s stock worth $5,168,000 after purchasing an additional 5,919 shares during the period. Finally, California Public Employees Retirement System grew its holdings in shares of National-Oilwell Varco by 4.7% during the 3rd quarter. California Public Employees Retirement System now owns 1,211,321 shares of the oil and gas exploration company’s stock worth $43,280,000 after purchasing an additional 54,039 shares during the period. Institutional investors own 92.47% of the company’s stock.
National-Oilwell Varco (NYSE NOV) traded down $0.21 during trading on Friday, reaching $38.22. The company had a trading volume of 2,203,000 shares, compared to its average volume of 2,860,000. The stock has a market cap of $14,520.00, a PE ratio of -15.41, a PEG ratio of 20.35 and a beta of 0.95. National-Oilwell Varco has a 1 year low of $29.90 and a 1 year high of $41.90. The company has a current ratio of 2.75, a quick ratio of 1.62 and a debt-to-equity ratio of 0.19.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Shareholders of record on Friday, December 8th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.52%. The ex-dividend date was Thursday, December 7th. National-Oilwell Varco’s dividend payout ratio (DPR) is -8.06%.
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National-Oilwell Varco Company Profile
National Oilwell Varco, Inc is an oilfield equipment manufacturer and technology provider. The Company operates through four segments: Rig Systems, Rig Aftermarket, Wellbore Technologies and Completion & Production Solutions. The Rig Systems segment makes and supports the capital equipment and integrated systems needed to drill oil and gas wells on land and offshore.
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