Zacks: Brokerages Anticipate Ensco Plc (ESV) to Announce -$0.38 EPS
Wall Street analysts expect Ensco Plc (NYSE:ESV) to announce earnings per share (EPS) of ($0.38) for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Ensco’s earnings. The highest EPS estimate is ($0.35) and the lowest is ($0.41). Ensco reported earnings per share of ($0.23) during the same quarter last year, which indicates a negative year-over-year growth rate of 65.2%. The business is scheduled to issue its next quarterly earnings results on Monday, February 25th.
On average, analysts expect that Ensco will report full-year earnings of ($1.33) per share for the current fiscal year, with EPS estimates ranging from ($1.42) to ($1.27). For the next fiscal year, analysts anticipate that the company will post earnings of ($1.20) per share, with EPS estimates ranging from ($1.40) to ($0.93). Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Ensco.
Ensco (NYSE:ESV) last issued its quarterly earnings data on Monday, October 29th. The offshore drilling services provider reported ($0.33) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.02. Ensco had a negative return on equity of 5.98% and a negative net margin of 36.53%. The business had revenue of $431.00 million for the quarter, compared to the consensus estimate of $424.66 million. During the same period in the prior year, the business posted ($0.05) earnings per share. The company’s quarterly revenue was down 6.3% compared to the same quarter last year.
ESV stock traded up $0.10 during midday trading on Tuesday, reaching $6.40. 15,108,549 shares of the company traded hands, compared to its average volume of 13,522,048. Ensco has a 52-week low of $4.10 and a 52-week high of $9.51. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.58 and a current ratio of 2.58.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Monday, December 3rd will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend is Friday, November 30th. Ensco’s payout ratio is -7.69%.
In related news, VP Steven Joseph Brady sold 4,500 shares of Ensco stock in a transaction dated Wednesday, November 14th. The stock was sold at an average price of $6.22, for a total value of $27,990.00. Following the sale, the vice president now directly owns 314,864 shares in the company, valued at approximately $1,958,454.08. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.72% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the stock. Key Square Capital Management LLC acquired a new stake in Ensco in the 3rd quarter worth about $1,940,000. Kentucky Retirement Systems acquired a new stake in Ensco in the 3rd quarter worth about $1,103,000. Knowledge Leaders Capital LLC acquired a new position in shares of Ensco during the 3rd quarter worth approximately $2,439,000. Willis Investment Counsel boosted its holdings in shares of Ensco by 1.6% during the 3rd quarter. Willis Investment Counsel now owns 1,190,620 shares of the offshore drilling services provider’s stock worth $10,049,000 after purchasing an additional 19,235 shares during the last quarter. Finally, CastleArk Alternatives LLC boosted its holdings in shares of Ensco by 2.4% during the 3rd quarter. CastleArk Alternatives LLC now owns 824,830 shares of the offshore drilling services provider’s stock worth $6,962,000 after purchasing an additional 19,520 shares during the last quarter. Institutional investors own 97.72% of the company’s stock.
Ensco plc provides offshore contract drilling services to the oil and gas industry worldwide. It operates through three segments: Floaters, Jackups, and Other. The company owns and operates an offshore drilling rig fleet of 65 rigs, including 32 located in the Middle East, Africa, and the Asia Pacific, which comprise 3 rigs under construction; 14 located in North and South America, such as Brazil; and 19 located in Europe and the Mediterranean.
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