Analysts Expect Schlumberger Limited. (SLB) to Announce $0.47 Earnings Per Share
Equities analysts expect Schlumberger Limited. (NYSE:SLB) to announce earnings of $0.47 per share for the current quarter, Zacks reports. Ten analysts have provided estimates for Schlumberger’s earnings. The highest EPS estimate is $0.49 and the lowest is $0.45. Schlumberger posted earnings of $0.42 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 11.9%. The business is scheduled to announce its next quarterly earnings report before the market opens on Friday, October 19th.
On average, analysts expect that Schlumberger will report full-year earnings of $1.81 per share for the current fiscal year, with EPS estimates ranging from $1.76 to $1.87. For the next fiscal year, analysts forecast that the business will report earnings of $2.62 per share, with EPS estimates ranging from $2.30 to $3.02. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that cover Schlumberger.
Schlumberger (NYSE:SLB) last issued its earnings results on Friday, July 20th. The oil and gas company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.01. The business had revenue of $8.30 billion during the quarter, compared to analysts’ expectations of $8.35 billion. Schlumberger had a negative net margin of 2.34% and a positive return on equity of 6.25%. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.35 earnings per share.
In other news, Director Michael E. Marks purchased 8,000 shares of the company’s stock in a transaction on Thursday, September 6th. The stock was acquired at an average cost of $60.31 per share, for a total transaction of $482,480.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.48% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Mainstay Capital Management LLC ADV lifted its holdings in shares of Schlumberger by 3,884.1% in the second quarter. Mainstay Capital Management LLC ADV now owns 6,773 shares of the oil and gas company’s stock worth $105,000 after buying an additional 6,603 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its holdings in shares of Schlumberger by 909.1% in the second quarter. Moneta Group Investment Advisors LLC now owns 22,352 shares of the oil and gas company’s stock worth $138,000 after buying an additional 20,137 shares in the last quarter. SRS Capital Advisors Inc. lifted its holdings in shares of Schlumberger by 57.6% in the first quarter. SRS Capital Advisors Inc. now owns 2,323 shares of the oil and gas company’s stock worth $150,000 after buying an additional 849 shares in the last quarter. McKinley Carter Wealth Services Inc. purchased a new position in shares of Schlumberger in the first quarter worth $154,000. Finally, Squar Milner Financial Services LLC purchased a new position in shares of Schlumberger in the second quarter worth $157,000. Institutional investors and hedge funds own 78.39% of the company’s stock.
Schlumberger stock traded up $0.01 during trading hours on Friday, hitting $61.58. The stock had a trading volume of 180,249 shares, compared to its average volume of 7,575,208. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.85 and a current ratio of 1.12. The stock has a market capitalization of $84.75 billion, a PE ratio of 40.95, a price-to-earnings-growth ratio of 5.63 and a beta of 0.96. Schlumberger has a 12-month low of $59.25 and a 12-month high of $80.35.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 12th. Investors of record on Wednesday, September 5th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, September 4th. This represents a $2.00 annualized dividend and a yield of 3.25%. Schlumberger’s dividend payout ratio (DPR) is 133.33%.
Schlumberger Company Profile
Schlumberger Limited supplies technology products and services to the oil and gas exploration and production industry worldwide. The company's Reservoir Characterization Group segment provides reservoir interpretation and data processing services; open and cased-hole services; slickline services; exploration and production pressure and flow-rate measurement services at the surface and downhole; software integrated solutions, such as software, consulting, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; and petrotechnical data services and training solutions, as well as integrated management services.
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