Wall Street analysts forecast that Schlumberger Limited. (NYSE:SLB) will report earnings of $0.41 per share for the current quarter, Zacks reports. Ten analysts have made estimates for Schlumberger’s earnings, with the lowest EPS estimate coming in at $0.40 and the highest estimate coming in at $0.42. Schlumberger posted earnings per share of $0.46 in the same quarter last year, which would indicate a negative year over year growth rate of 10.9%. The company is scheduled to report its next quarterly earnings report on Friday, October 18th.
According to Zacks, analysts expect that Schlumberger will report full-year earnings of $1.51 per share for the current financial year, with EPS estimates ranging from $1.45 to $1.59. For the next financial year, analysts forecast that the company will report earnings of $2.02 per share, with EPS estimates ranging from $1.77 to $2.59. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that cover Schlumberger.
Schlumberger (NYSE:SLB) last posted its earnings results on Friday, July 19th. The oil and gas company reported $0.35 EPS for the quarter, meeting the consensus estimate of $0.35. Schlumberger had a return on equity of 5.62% and a net margin of 6.38%. The company had revenue of $8.27 billion for the quarter, compared to the consensus estimate of $8.11 billion. During the same quarter in the prior year, the business earned $0.43 earnings per share. The firm’s revenue for the quarter was down .4% on a year-over-year basis.
In other news, EVP Patrick Schorn sold 12,151 shares of the stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $38.93, for a total value of $473,038.43. Following the completion of the transaction, the executive vice president now directly owns 130,000 shares in the company, valued at approximately $5,060,900. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Stephanie Cox sold 24,057 shares of the stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $40.59, for a total value of $976,473.63. Following the completion of the transaction, the insider now owns 46,354 shares of the company’s stock, valued at $1,881,508.86. The disclosure for this sale can be found here. 0.48% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Ellis Investment Partners LLC bought a new position in shares of Schlumberger in the 1st quarter valued at $26,000. Quad Cities Investment Group LLC bought a new position in shares of Schlumberger in the 2nd quarter valued at $32,000. Mizuho Securities Co. Ltd. bought a new position in shares of Schlumberger in the 2nd quarter valued at $32,000. Doyle Wealth Management bought a new position in shares of Schlumberger in the 2nd quarter valued at $33,000. Finally, Lenox Wealth Management Inc. lifted its stake in shares of Schlumberger by 41.1% in the 1st quarter. Lenox Wealth Management Inc. now owns 879 shares of the oil and gas company’s stock valued at $38,000 after acquiring an additional 256 shares during the last quarter. Institutional investors own 77.19% of the company’s stock.
NYSE:SLB traded down $1.68 during trading hours on Friday, reaching $32.03. 11,945,211 shares of the company were exchanged, compared to its average volume of 10,349,756. The company has a market capitalization of $46.59 billion, a P/E ratio of 19.77, a P/E/G ratio of 2.11 and a beta of 1.44. Schlumberger has a 1-year low of $31.11 and a 1-year high of $65.57. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.39 and a quick ratio of 1.01. The business has a 50 day moving average of $37.34 and a 200 day moving average of $40.48.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Wednesday, September 4th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 6.24%. The ex-dividend date of this dividend is Tuesday, September 3rd. Schlumberger’s payout ratio is presently 123.46%.
Schlumberger Company Profile
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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