National-Oilwell Varco, Inc. (NOV) Expected to Post Earnings of -$0.01 Per Share
Analysts expect National-Oilwell Varco, Inc. (NYSE:NOV) to report earnings per share (EPS) of ($0.01) for the current fiscal quarter, according to Zacks. Ten analysts have provided estimates for National-Oilwell Varco’s earnings. The lowest EPS estimate is ($0.03) and the highest is $0.01. National-Oilwell Varco posted earnings of ($0.17) per share in the same quarter last year, which indicates a positive year over year growth rate of 94.1%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Thursday, April 26th.
According to Zacks, analysts expect that National-Oilwell Varco will report full year earnings of $0.26 per share for the current fiscal year, with EPS estimates ranging from $0.05 to $0.51. For the next year, analysts expect that the business will post earnings of $1.11 per share, with EPS estimates ranging from $0.25 to $1.55. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for National-Oilwell Varco.
National-Oilwell Varco (NYSE:NOV) last posted its quarterly earnings data on Monday, February 5th. The oil and gas exploration company reported ($0.04) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.04). National-Oilwell Varco had a negative net margin of 3.24% and a negative return on equity of 1.10%. The firm had revenue of $1.97 billion for the quarter. During the same quarter last year, the company earned ($0.15) earnings per share.
National-Oilwell Varco (NOV) traded up $0.29 during midday trading on Monday, reaching $36.37. 3,445,808 shares of the company’s stock were exchanged, compared to its average volume of 3,750,000. National-Oilwell Varco has a 12-month low of $29.90 and a 12-month high of $41.00. The company has a quick ratio of 1.79, a current ratio of 3.07 and a debt-to-equity ratio of 0.19. The company has a market cap of $13,820.00, a P/E ratio of -28.64, a price-to-earnings-growth ratio of 23.07 and a beta of 0.89.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 16th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.55%. National-Oilwell Varco’s dividend payout ratio (DPR) is presently -15.75%.
In related news, VP Scott K. Duff sold 7,421 shares of the stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $35.66, for a total value of $264,632.86. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.58% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in NOV. Hotchkis & Wiley Capital Management LLC acquired a new position in National-Oilwell Varco during the 3rd quarter valued at about $226,421,000. Wells Fargo & Company MN increased its stake in National-Oilwell Varco by 17.1% during the 3rd quarter. Wells Fargo & Company MN now owns 5,248,794 shares of the oil and gas exploration company’s stock valued at $187,541,000 after buying an additional 765,634 shares during the period. Renaissance Technologies LLC increased its stake in National-Oilwell Varco by 86.5% during the 4th quarter. Renaissance Technologies LLC now owns 1,639,210 shares of the oil and gas exploration company’s stock valued at $59,044,000 after buying an additional 760,500 shares during the period. Parnassus Investments CA increased its stake in National-Oilwell Varco by 10.1% during the 4th quarter. Parnassus Investments CA now owns 6,929,938 shares of the oil and gas exploration company’s stock valued at $249,616,000 after buying an additional 637,925 shares during the period. Finally, First Eagle Investment Management LLC increased its stake in National-Oilwell Varco by 2.1% during the 3rd quarter. First Eagle Investment Management LLC now owns 27,068,594 shares of the oil and gas exploration company’s stock valued at $967,161,000 after buying an additional 563,589 shares during the period. 92.78% of the stock is currently owned by hedge funds and other institutional investors.
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National-Oilwell Varco Company Profile
National Oilwell Varco, Inc is an oilfield equipment manufacturer and technology provider. The Company operates through four segments: Rig Systems, Rig Aftermarket, Wellbore Technologies and Completion & Production Solutions. The Rig Systems segment makes and supports the capital equipment and integrated systems needed to drill oil and gas wells on land and offshore.
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