Equities analysts expect that National-Oilwell Varco, Inc. (NYSE:NOV) will report sales of $1.99 billion for the current quarter, according to Zacks. Eleven analysts have provided estimates for National-Oilwell Varco’s earnings. The highest sales estimate is $2.01 billion and the lowest is $1.96 billion. National-Oilwell Varco reported sales of $1.76 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 13.1%. The business is scheduled to report its next quarterly earnings results after the market closes on Thursday, July 26th.

According to Zacks, analysts expect that National-Oilwell Varco will report full year sales of $8.06 billion for the current fiscal year, with estimates ranging from $7.69 billion to $8.46 billion. For the next financial year, analysts anticipate that the business will report sales of $9.28 billion per share, with estimates ranging from $8.13 billion to $9.96 billion. Zacks’ sales calculations are an average based on a survey of research firms that follow National-Oilwell Varco.

National-Oilwell Varco (NYSE:NOV) last posted its quarterly earnings data on Thursday, April 26th. The oil and gas exploration company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.13). The company had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.81 billion. National-Oilwell Varco had a negative return on equity of 1.15% and a negative net margin of 2.49%.

A number of equities research analysts have issued reports on the company. Wells Fargo & Co increased their price target on National-Oilwell Varco from $37.00 to $47.00 and gave the stock a “market perform” rating in a research note on Thursday, May 24th. Argus reiterated a “buy” rating and issued a $51.00 price target on shares of National-Oilwell Varco in a research note on Thursday, May 17th. ValuEngine upgraded National-Oilwell Varco from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Societe Generale lowered National-Oilwell Varco from a “buy” rating to a “hold” rating and increased their price target for the stock from $38.32 to $41.00 in a research note on Thursday, April 19th. Finally, B. Riley reiterated a “neutral” rating and issued a $42.00 price target (up previously from $40.00) on shares of National-Oilwell Varco in a research note on Tuesday, April 17th. Four analysts have rated the stock with a sell rating, eighteen have issued a hold rating and six have given a buy rating to the stock. National-Oilwell Varco presently has an average rating of “Hold” and an average price target of $37.63.

Shares of NYSE:NOV traded down $0.14 during midday trading on Monday, hitting $42.16. The company had a trading volume of 1,993,982 shares, compared to its average volume of 3,135,409. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.37 and a quick ratio of 1.89. The firm has a market capitalization of $16.11 billion, a price-to-earnings ratio of -100.38, a price-to-earnings-growth ratio of 68.00 and a beta of 0.81. National-Oilwell Varco has a 12-month low of $29.90 and a 12-month high of $45.08.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 15th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $0.20 dividend on an annualized basis and a yield of 0.47%. National-Oilwell Varco’s dividend payout ratio is presently -47.62%.

In related news, VP Scott K. Duff sold 40,459 shares of the business’s stock in a transaction on Monday, May 14th. The shares were sold at an average price of $41.02, for a total transaction of $1,659,628.18. Following the completion of the transaction, the vice president now directly owns 72,697 shares in the company, valued at $2,982,030.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Craig L. Weinstock sold 5,000 shares of the business’s stock in a transaction on Monday, May 21st. The shares were sold at an average price of $44.03, for a total transaction of $220,150.00. Following the transaction, the vice president now owns 46,372 shares of the company’s stock, valued at $2,041,759.16. The disclosure for this sale can be found here. Insiders own 0.79% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Dupont Capital Management Corp purchased a new position in National-Oilwell Varco in the fourth quarter valued at $141,000. Bedel Financial Consulting Inc. purchased a new stake in shares of National-Oilwell Varco during the first quarter worth about $152,000. CoreCommodity Management LLC purchased a new stake in shares of National-Oilwell Varco during the fourth quarter worth about $162,000. Avestar Capital LLC purchased a new stake in shares of National-Oilwell Varco during the fourth quarter worth about $176,000. Finally, Wrapmanager Inc. purchased a new stake in shares of National-Oilwell Varco during the first quarter worth about $201,000. Institutional investors own 93.90% of the company’s stock.

National-Oilwell Varco Company Profile

National Oilwell Varco, Inc designs, manufactures, and sells systems and components used in oil and gas drilling and production; and provides oilfield services to the upstream oil and gas industry worldwide. It operates through three segments: Wellbore Technologies, Completion & Production Solutions, and Rig Technologies.

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

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