Equities analysts forecast that Ensco Plc (NYSE:ESV) will announce ($0.44) earnings per share (EPS) for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Ensco’s earnings. The lowest EPS estimate is ($0.50) and the highest is ($0.35). Ensco posted earnings per share of ($0.32) in the same quarter last year, which indicates a negative year-over-year growth rate of 37.5%. The company is expected to announce its next earnings report on Wednesday, April 24th.
On average, analysts expect that Ensco will report full year earnings of ($1.45) per share for the current year, with EPS estimates ranging from ($1.99) to ($0.93). For the next fiscal year, analysts expect that the firm will report earnings of ($1.08) per share, with EPS estimates ranging from ($2.01) to ($0.39). Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for Ensco.
Ensco (NYSE:ESV) last posted its quarterly earnings results on Thursday, February 28th. The offshore drilling services provider reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.01). Ensco had a negative return on equity of 5.98% and a negative net margin of 36.53%. The business had revenue of $399.00 million for the quarter, compared to analysts’ expectations of $404.69 million. During the same period in the prior year, the business posted ($0.23) earnings per share. The business’s quarterly revenue was down 12.1% compared to the same quarter last year.
ESV has been the subject of several recent research reports. Cowen reaffirmed a “hold” rating and set a $5.00 target price on shares of Ensco in a report on Monday, December 3rd. Wells Fargo & Co reaffirmed a “buy” rating on shares of Ensco in a report on Tuesday, December 11th. ValuEngine lowered shares of Ensco from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 15th. Societe Generale lowered shares of Ensco from a “buy” rating to a “hold” rating and set a $3.60 target price for the company. in a report on Wednesday, December 19th. Finally, BTIG Research cut their target price on shares of Ensco from $18.00 to $14.00 and set an “average” rating for the company in a report on Thursday, December 20th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company. Ensco presently has a consensus rating of “Hold” and a consensus target price of $7.33.
Institutional investors have recently added to or reduced their stakes in the stock. Willis Investment Counsel boosted its stake in Ensco by 1.6% during the 3rd quarter. Willis Investment Counsel now owns 1,190,620 shares of the offshore drilling services provider’s stock worth $10,049,000 after purchasing an additional 19,235 shares during the last quarter. Capital International Investors boosted its stake in Ensco by 4.4% during the 3rd quarter. Capital International Investors now owns 20,147,782 shares of the offshore drilling services provider’s stock worth $170,047,000 after purchasing an additional 846,997 shares during the last quarter. Hosking Partners LLP boosted its stake in Ensco by 8.6% during the 4th quarter. Hosking Partners LLP now owns 2,528,562 shares of the offshore drilling services provider’s stock worth $9,002,000 after purchasing an additional 200,387 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Ensco by 459.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 56,366 shares of the offshore drilling services provider’s stock worth $476,000 after purchasing an additional 46,292 shares during the last quarter. Finally, Capital Guardian Trust Co. boosted its stake in Ensco by 6.7% during the 3rd quarter. Capital Guardian Trust Co. now owns 14,829,552 shares of the offshore drilling services provider’s stock worth $125,161,000 after purchasing an additional 935,572 shares during the last quarter. 98.28% of the stock is currently owned by hedge funds and other institutional investors.
ESV traded up $0.05 during trading on Friday, reaching $4.28. 314,200 shares of the company’s stock were exchanged, compared to its average volume of 11,987,826. The company has a current ratio of 2.58, a quick ratio of 2.58 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $1.85 billion, a PE ratio of -3.19 and a beta of 2.20. Ensco has a 1 year low of $3.19 and a 1 year high of $9.51.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Monday, March 11th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Friday, March 8th. This represents a $0.04 dividend on an annualized basis and a yield of 0.93%. Ensco’s dividend payout ratio is currently -2.99%.
Ensco plc provides offshore contract drilling services to the oil and gas industry worldwide. It operates through three segments: Floaters, Jackups, and Other. The company owns and operates an offshore drilling rig fleet of 65 rigs, including 32 located in the Middle East, Africa, and the Asia Pacific, which comprise 3 rigs under construction; 14 located in North and South America, such as Brazil; and 19 located in Europe and the Mediterranean.
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