Royal Dutch Shell PLC (RDS.A) Posts Earnings Results, Misses Estimates By $0.32 EPS
Royal Dutch Shell PLC (NYSE:RDS.A) issued its quarterly earnings data on Thursday. The energy company reported $0.50 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.82 by ($0.32), Briefing.com reports. The firm had revenue of $75.83 billion for the quarter, compared to analysts’ expectations of $74.15 billion. Royal Dutch Shell PLC had a net margin of 3.71% and a return on equity of 6.69%. The company’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.70 EPS.
Royal Dutch Shell PLC (NYSE RDS.A) traded down $0.14 during trading on Friday, hitting $64.10. 3,740,000 shares of the stock traded hands, compared to its average volume of 4,277,802. The company has a quick ratio of 0.92, a current ratio of 1.24 and a debt-to-equity ratio of 0.41. Royal Dutch Shell PLC has a 1 year low of $48.07 and a 1 year high of $64.24. The company has a market capitalization of $265,691.31, a P/E ratio of 20.54, a PEG ratio of 3.65 and a beta of 1.04.
Several research analysts recently commented on RDS.A shares. Zacks Investment Research lowered Royal Dutch Shell PLC from a “hold” rating to a “sell” rating in a research report on Thursday, August 31st. Piper Jaffray Companies reiterated a “buy” rating and issued a $62.00 price target on shares of Royal Dutch Shell PLC in a research report on Thursday, September 28th. Jefferies Group LLC set a $65.00 price target on Royal Dutch Shell PLC and gave the stock a “buy” rating in a research report on Friday, August 18th. Societe Generale lowered Royal Dutch Shell PLC from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Scotiabank set a $54.00 price target on Royal Dutch Shell PLC and gave the stock a “hold” rating in a research report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $58.78.
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About Royal Dutch Shell PLC
The Royal Dutch Shell plc explores for crude oil and natural gas around the world, both in conventional fields and from sources, such as tight rock, shale and coal formations. The Company’s segments include Integrated Gas, Upstream, Downstream and Corporate. The Integrated Gas segment is engaged in the liquefaction and transportation of gas and the conversion of natural gas to liquids to provide fuels and other products, as well as projects with an integrated activity, ranging from producing to commercializing gas.
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