$0.41 EPS Expected for Schlumberger Limited. (NYSE:SLB) This Quarter
Analysts expect that Schlumberger Limited. (NYSE:SLB) will post earnings per share of $0.41 for the current fiscal quarter, Zacks reports. Nine analysts have provided estimates for Schlumberger’s earnings, with the highest EPS estimate coming in at $0.42 and the lowest estimate coming in at $0.40. Schlumberger reported earnings of $0.46 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 10.9%. The firm is scheduled to issue its next earnings results before the market opens on Friday, October 18th.
According to Zacks, analysts expect that Schlumberger will report full year earnings of $1.50 per share for the current year, with EPS estimates ranging from $1.45 to $1.56. For the next fiscal year, analysts forecast that the firm will report earnings of $1.97 per share, with EPS estimates ranging from $1.55 to $2.59. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Schlumberger.
Schlumberger (NYSE:SLB) last issued its quarterly earnings results on Friday, July 19th. The oil and gas company reported $0.35 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.35. The firm had revenue of $8.27 billion for the quarter, compared to analyst estimates of $8.11 billion. Schlumberger had a net margin of 6.38% and a return on equity of 5.62%. Schlumberger’s quarterly revenue was down .4% compared to the same quarter last year. During the same period last year, the company posted $0.43 EPS.
SLB traded up $0.59 during trading on Friday, reaching $37.49. The company’s stock had a trading volume of 509,448 shares, compared to its average volume of 11,425,570. The company has a quick ratio of 1.01, a current ratio of 1.39 and a debt-to-equity ratio of 0.47. The firm has a fifty day simple moving average of $34.94 and a two-hundred day simple moving average of $39.43. Schlumberger has a 1 year low of $31.03 and a 1 year high of $63.65. The company has a market cap of $51.81 billion, a price-to-earnings ratio of 23.11, a PEG ratio of 2.63 and a beta of 1.49.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Wednesday, September 4th will be issued a $0.50 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $2.00 annualized dividend and a yield of 5.33%. Schlumberger’s dividend payout ratio (DPR) is presently 123.46%.
In related news, insider Stephanie Cox sold 24,057 shares of Schlumberger stock in a transaction that occurred 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 sale, the insider now owns 46,354 shares in the company, valued at approximately $1,881,508.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Patrick Schorn sold 12,151 shares of Schlumberger stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $38.93, for a total transaction of $473,038.43. Following the completion of the sale, the executive vice president now owns 130,000 shares of the company’s stock, valued at approximately $5,060,900. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of the stock. Quad Cities Investment Group LLC acquired a new position in shares of Schlumberger in the second quarter worth $32,000. Mizuho Securities Co. Ltd. acquired a new position in shares of Schlumberger in the second quarter worth $32,000. Doyle Wealth Management acquired a new position in shares of Schlumberger in the second quarter worth $33,000. Lenox Wealth Management Inc. grew its stake in shares of Schlumberger by 41.1% in the first quarter. Lenox Wealth Management Inc. now owns 879 shares of the oil and gas company’s stock worth $38,000 after acquiring an additional 256 shares in the last quarter. Finally, Meridian Wealth Management LLC acquired a new position in shares of Schlumberger in the first quarter worth $38,000. Hedge funds and other institutional investors own 76.94% of the company’s stock.
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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