Brokerages forecast that Ensco Plc (NYSE:ESV) will post earnings per share of ($0.35) for the current quarter, according to Zacks. Seven analysts have issued estimates for Ensco’s earnings. The highest EPS estimate is ($0.32) and the lowest is ($0.37). Ensco posted earnings per share of ($0.05) during the same quarter last year, which indicates a negative year over year growth rate of 600%. The company is expected to report its next earnings report on Wednesday, October 24th.

According to Zacks, analysts expect that Ensco will report full year earnings of ($1.34) per share for the current financial year, with EPS estimates ranging from ($1.44) to ($1.23). For the next fiscal year, analysts expect that the firm will post earnings of ($1.15) per share, with EPS estimates ranging from ($1.44) to ($0.88). Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that follow Ensco.

Ensco (NYSE:ESV) last released its quarterly earnings results on Wednesday, July 25th. The offshore drilling services provider reported ($0.30) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.33) by $0.03. Ensco had a negative return on equity of 4.51% and a negative net margin of 29.25%. The business had revenue of $458.50 million for the quarter, compared to analysts’ expectations of $449.69 million. During the same quarter in the previous year, the firm posted ($0.10) earnings per share. The company’s revenue was up .2% compared to the same quarter last year.

Several research analysts recently commented on ESV shares. Credit Suisse Group set a $8.00 price target on Ensco and gave the stock a “buy” rating in a research note on Friday, April 27th. ValuEngine cut Ensco from a “hold” rating to a “sell” rating in a research note on Monday, May 7th. HSBC cut Ensco from a “buy” rating to a “hold” rating and boosted their price target for the stock from $6.49 to $7.00 in a research note on Thursday, June 7th. Citigroup boosted their price target on Ensco from $5.25 to $6.40 and gave the stock a “neutral” rating in a research note on Thursday, June 21st. Finally, Tudor Pickering upgraded Ensco from a “hold” rating to a “buy” rating in a research note on Thursday, July 12th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $6.67.

A number of institutional investors have recently made changes to their positions in ESV. Private Advisor Group LLC grew its holdings in shares of Ensco by 78.5% during the first quarter. Private Advisor Group LLC now owns 23,717 shares of the offshore drilling services provider’s stock valued at $103,000 after purchasing an additional 10,430 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of Ensco by 151.4% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 26,400 shares of the offshore drilling services provider’s stock valued at $116,000 after acquiring an additional 15,900 shares during the last quarter. Clear Harbor Asset Management LLC acquired a new stake in shares of Ensco during the 2nd quarter valued at $131,000. First Republic Investment Management Inc. acquired a new stake in shares of Ensco during the 1st quarter valued at $149,000. Finally, Murphy Capital Management Inc. acquired a new stake in shares of Ensco during the 2nd quarter valued at $155,000. 98.07% of the stock is owned by hedge funds and other institutional investors.

Shares of Ensco traded up $0.05, hitting $7.14, during trading on Friday, MarketBeat Ratings reports. The company’s stock had a trading volume of 18,848,046 shares, compared to its average volume of 9,951,881. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.66 and a current ratio of 2.66. Ensco has a fifty-two week low of $4.10 and a fifty-two week high of $8.00. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of -13.73 and a beta of 1.87.

About Ensco

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.

Featured Article: Stock Symbols, CUSIP and Other Stock Identifiers

Get a free copy of the Zacks research report on Ensco (ESV)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Ensco (NYSE:ESV)

Receive News & Ratings for Ensco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ensco and related companies with MarketBeat.com's FREE daily email newsletter.