Ensco (NYSE:ESV) is set to post its quarterly earnings results before the market opens on Tuesday, October 30th. Analysts expect Ensco to post earnings of ($0.35) per share for the quarter.
Ensco (NYSE:ESV) last released its earnings results on Wednesday, July 25th. The offshore drilling services provider reported ($0.30) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.03. The firm had revenue of $458.50 million for the quarter, compared to analyst estimates of $449.69 million. Ensco had a negative return on equity of 4.51% and a negative net margin of 29.25%. Ensco’s revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.10) earnings per share. On average, analysts expect Ensco to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.
NYSE:ESV opened at $8.11 on Tuesday. The stock has a market cap of $3.59 billion, a P/E ratio of -15.60 and a beta of 1.86. Ensco has a 52-week low of $4.10 and a 52-week high of $9.51. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.59.
A number of research analysts recently issued reports on the company. Piper Jaffray Companies set a $7.00 target price on Ensco and gave the stock a “hold” rating in a report on Sunday, July 29th. Jefferies Financial Group reaffirmed a “hold” rating and set a $9.00 target price on shares of Ensco in a report on Sunday. ValuEngine raised Ensco from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 28th. Cowen initiated coverage on Ensco in a research report on Saturday, October 13th. They issued a “hold” rating and a $7.00 price target for the company. Finally, Barclays increased their price target on Ensco from $4.00 to $5.00 and gave the company an “underweight” rating in a research report on Thursday, August 9th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $8.46.
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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