Diamond Offshore Drilling (DO) to Release Earnings on Monday
Diamond Offshore Drilling (NYSE:DO) is scheduled to be posting its quarterly earnings results before the market opens on Monday, April 29th. Analysts expect Diamond Offshore Drilling to post earnings of ($0.61) per share for the quarter.
Diamond Offshore Drilling (NYSE:DO) last announced its earnings results on Monday, February 11th. The offshore drilling services provider reported ($0.42) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.40) by ($0.02). The company had revenue of $232.50 million during the quarter, compared to analyst estimates of $249.89 million. Diamond Offshore Drilling had a negative return on equity of 4.32% and a negative net margin of 16.64%. Diamond Offshore Drilling’s revenue for the quarter was down 32.8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.05) earnings per share. On average, analysts expect Diamond Offshore Drilling to post $-2 EPS for the current fiscal year and $-2 EPS for the next fiscal year.
Shares of NYSE DO opened at $11.36 on Monday. The firm has a market capitalization of $1.56 billion, a P/E ratio of -9.71 and a beta of 1.62. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.32 and a quick ratio of 3.32. Diamond Offshore Drilling has a 1-year low of $8.78 and a 1-year high of $21.92.
In other news, Director Paul G. Gaffney bought 4,000 shares of the company’s stock in a transaction dated Monday, February 25th. The shares were bought at an average cost of $9.91 per share, with a total value of $39,640.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.13% of the stock is currently owned by corporate insiders.
About Diamond Offshore Drilling
Diamond Offshore Drilling, Inc provides contract drilling services to the energy industry worldwide. The company operates a fleet of 17 offshore drilling rigs, including 4 drillships and 13 semisubmersible rigs. It serves independent oil and gas companies, and government-owned oil companies. The company was founded in 1953 and is headquartered in Houston, Texas.
See Also: Compound Annual Growth Rate (CAGR)
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