Wall Street brokerages expect Noble Co. PLC (NYSE:NE) to announce ($0.46) earnings per share for the current quarter, Zacks reports. Seven analysts have made estimates for Noble’s earnings, with the lowest EPS estimate coming in at ($0.53) and the highest estimate coming in at ($0.38). Noble reported earnings of ($0.36) per share during the same quarter last year, which indicates a negative year-over-year growth rate of 27.8%. The business is expected to announce its next quarterly earnings report on Thursday, November 1st.
On average, analysts expect that Noble will report full-year earnings of ($1.89) per share for the current year, with EPS estimates ranging from ($2.00) to ($1.76). For the next financial year, analysts forecast that the firm will report earnings of ($1.76) per share, with EPS estimates ranging from ($1.95) to ($1.44). Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Noble.
Noble (NYSE:NE) last released its quarterly earnings results on Thursday, August 2nd. The oil and gas company reported ($0.49) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.47) by ($0.02). Noble had a negative net margin of 81.87% and a negative return on equity of 7.44%. The firm had revenue of $258.40 million during the quarter, compared to the consensus estimate of $256.02 million. During the same period in the prior year, the business earned ($0.32) EPS. The company’s revenue for the quarter was down 7.1% compared to the same quarter last year.
Noble opened at $6.10 on Monday, MarketBeat.com reports. Noble has a 12 month low of $3.14 and a 12 month high of $6.84. The company has a market capitalization of $1.47 billion, a PE ratio of -5.35 and a beta of 2.19. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.45 and a current ratio of 2.07.
Institutional investors have recently made changes to their positions in the company. Zeke Capital Advisors LLC grew its stake in shares of Noble by 76.0% in the first quarter. Zeke Capital Advisors LLC now owns 27,118 shares of the oil and gas company’s stock worth $101,000 after acquiring an additional 11,711 shares during the last quarter. Matarin Capital Management LLC acquired a new stake in shares of Noble in the first quarter worth $118,000. Ahrens Investment Partners LLC grew its stake in shares of Noble by 245.1% in the first quarter. Ahrens Investment Partners LLC now owns 35,200 shares of the oil and gas company’s stock worth $131,000 after acquiring an additional 25,000 shares during the last quarter. LMR Partners LLP acquired a new stake in shares of Noble in the second quarter worth $317,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Noble in the second quarter worth $330,000. Institutional investors and hedge funds own 82.42% of the company’s stock.
Noble Company Profile
Noble Corporation plc operates as an offshore drilling contractor for the oil and gas industry worldwide. It provides contract drilling services using mobile offshore drilling units. As of December 31, 2017, the company operated a fleet of 8 drill ships, 6 semisubmersibles, and 14 jack ups. Noble Corporation plc was founded in 1921 and is headquartered in London, the United Kingdom.
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