Zacks: Analysts Anticipate Royal Dutch Shell PLC (RDS.A) Will Announce Earnings of $0.82 Per Share
Wall Street brokerages forecast that Royal Dutch Shell PLC (NYSE:RDS.A) will announce $0.82 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Royal Dutch Shell PLC’s earnings. Royal Dutch Shell PLC reported earnings of $0.70 per share during the same quarter last year, which suggests a positive year over year growth rate of 17.1%. The firm is expected to report its next quarterly earnings results before the market opens on Thursday, November 2nd.
According to Zacks, analysts expect that Royal Dutch Shell PLC will report full-year earnings of $3.41 per share for the current fiscal year, with EPS estimates ranging from $3.16 to $3.56. For the next financial year, analysts forecast that the business will post earnings of $4.01 per share, with EPS estimates ranging from $3.49 to $4.64. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow Royal Dutch Shell PLC.
A number of equities analysts have weighed in on RDS.A shares. Jefferies Group LLC set a $65.00 price target on Royal Dutch Shell PLC and gave the stock a “buy” rating in a report on Saturday, June 24th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $62.00 target price on shares of Royal Dutch Shell PLC in a research report on Thursday, September 28th. Scotiabank set a $54.00 target price on Royal Dutch Shell PLC and gave the company a “hold” rating in a research report on Tuesday, August 8th. Zacks Investment Research raised Royal Dutch Shell PLC from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. Finally, Macquarie lowered Royal Dutch Shell PLC from an “outperform” rating to a “neutral” rating in a research report on Wednesday, June 21st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $57.03.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 18th. Stockholders of record on Friday, August 11th were issued a dividend of $0.799 per share. This represents a $3.20 annualized dividend and a dividend yield of Infinity. The ex-dividend date of this dividend was Wednesday, August 9th. Royal Dutch Shell PLC’s payout ratio is presently 163.27%.
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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