Jefferies Financial Group Comments on Saipem SpA’s Q3 2018 Earnings (SAPMF)
Saipem SpA (OTCMKTS:SAPMF) – Analysts at Jefferies Financial Group raised their Q3 2018 earnings per share (EPS) estimates for shares of Saipem in a note issued to investors on Thursday, August 16th. Jefferies Financial Group analyst M. Wilson now expects that the company will post earnings of $0.06 per share for the quarter, up from their prior estimate of $0.04. Jefferies Financial Group has a “Hold” rating on the stock. Jefferies Financial Group also issued estimates for Saipem’s Q4 2018 earnings at $0.03 EPS, FY2018 earnings at $0.09 EPS, FY2019 earnings at $0.12 EPS and FY2020 earnings at $0.28 EPS.
A number of other research firms also recently issued reports on SAPMF. Zacks Investment Research downgraded shares of Saipem from a “hold” rating to a “sell” rating in a research report on Thursday, June 7th. Barclays upgraded shares of Saipem from an “underweight” rating to an “overweight” rating in a research report on Tuesday, August 14th.
Saipem S.p.A., together with its subsidiaries, engages in the drilling, engineering, procurement, construction, and installation businesses worldwide. The company operates through five divisions: Offshore E&C, Onshore E&C, Offshore Drilling, Onshore Drilling, and Floaters segments. It provides engineering, procurement, project management, and construction services primarily for the oil and gas, complex civil and marine infrastructure, and environmental markets.
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