Equities research analysts predict that National-Oilwell Varco, Inc. (NYSE:NOV) will report ($0.09) earnings per share (EPS) for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for National-Oilwell Varco’s earnings. The lowest EPS estimate is ($0.20) and the highest is $0.00. National-Oilwell Varco reported earnings of ($0.18) per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 50%. The firm is scheduled to announce its next earnings results after the market closes on Thursday, April 25th.

According to Zacks, analysts expect that National-Oilwell Varco will report full-year earnings of ($0.03) per share for the current fiscal year, with EPS estimates ranging from ($0.30) to $0.40. For the next financial year, analysts expect that the firm will report earnings of $0.65 per share, with EPS estimates ranging from $0.12 to $1.18. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow National-Oilwell Varco.

National-Oilwell Varco (NYSE:NOV) last announced its earnings results on Wednesday, February 6th. The oil and gas exploration company reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.05). The firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.18 billion. National-Oilwell Varco had a negative return on equity of 0.22% and a negative net margin of 0.37%. National-Oilwell Varco’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter last year, the business posted ($0.04) EPS.

A number of equities analysts have recently weighed in on the company. SunTrust Banks lowered their target price on National-Oilwell Varco to $24.00 and set a “hold” rating on the stock in a research note on Tuesday. Raymond James lowered their target price on National-Oilwell Varco from $40.00 to $35.00 and set an “outperform” rating on the stock in a research note on Monday. Barclays lowered their target price on National-Oilwell Varco from $32.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Monday. Cowen set a $23.00 target price on National-Oilwell Varco and gave the stock a “hold” rating in a research note on Friday, April 12th. Finally, Goldman Sachs Group assumed coverage on National-Oilwell Varco in a research note on Sunday, March 10th. They set a “neutral” rating and a $33.00 target price on the stock. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $38.00.

Shares of NYSE NOV traded down $0.28 during trading hours on Thursday, reaching $26.97. 2,793,487 shares of the stock were exchanged, compared to its average volume of 3,747,521. The firm has a market cap of $10.56 billion, a P/E ratio of -337.13, a price-to-earnings-growth ratio of 27.20 and a beta of 1.22. The company has a current ratio of 3.11, a quick ratio of 1.83 and a debt-to-equity ratio of 0.19. National-Oilwell Varco has a 52 week low of $24.27 and a 52 week high of $49.08.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a dividend of $0.05 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.20 dividend on an annualized basis and a yield of 0.74%. National-Oilwell Varco’s dividend payout ratio (DPR) is presently -250.00%.

In other National-Oilwell Varco news, VP Scott K. Duff sold 15,125 shares of the firm’s stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $28.02, for a total transaction of $423,802.50. Following the transaction, the vice president now owns 54,098 shares in the company, valued at approximately $1,515,825.96. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.79% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of the business. Gulf International Bank UK Ltd boosted its holdings in shares of National-Oilwell Varco by 2.1% in the 1st quarter. Gulf International Bank UK Ltd now owns 91,192 shares of the oil and gas exploration company’s stock valued at $2,429,000 after purchasing an additional 1,854 shares in the last quarter. IFM Investors Pty Ltd boosted its holdings in shares of National-Oilwell Varco by 8.4% in the 1st quarter. IFM Investors Pty Ltd now owns 24,378 shares of the oil and gas exploration company’s stock valued at $649,000 after purchasing an additional 1,884 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of National-Oilwell Varco by 9.3% in the 1st quarter. Nisa Investment Advisors LLC now owns 219,878 shares of the oil and gas exploration company’s stock valued at $5,858,000 after purchasing an additional 18,700 shares in the last quarter. Velanne Asset Management Ltd boosted its holdings in shares of National-Oilwell Varco by 4.1% in the 1st quarter. Velanne Asset Management Ltd now owns 96,198 shares of the oil and gas exploration company’s stock valued at $2,563,000 after purchasing an additional 3,787 shares in the last quarter. Finally, BTIM Corp. boosted its holdings in shares of National-Oilwell Varco by 10.0% in the 1st quarter. BTIM Corp. now owns 112,717 shares of the oil and gas exploration company’s stock valued at $3,003,000 after purchasing an additional 10,255 shares in the last quarter. 93.47% of the stock is currently owned by hedge funds and other institutional investors.

About National-Oilwell Varco

National Oilwell Varco, Inc designs, manufactures, and sells systems, components, and products for oil and gas drilling and production worldwide. It operates in three segments: Wellbore Technologies, Completion & Production Solutions, and Rig Technologies. The Wellbore Technologies segment offers various equipment and technologies used to perform drilling operations.

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Earnings History and Estimates for National-Oilwell Varco (NYSE:NOV)

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