Wall Street analysts expect Ensco Plc (NYSE:ESV) to post sales of $406.75 million for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Ensco’s earnings, with the lowest sales estimate coming in at $396.00 million and the highest estimate coming in at $424.10 million. Ensco posted sales of $454.20 million during the same quarter last year, which suggests a negative year over year growth rate of 10.4%. The business is scheduled to issue its next earnings report on Monday, February 25th.

On average, analysts expect that Ensco will report full-year sales of $1.71 billion for the current financial year, with estimates ranging from $1.70 billion to $1.73 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $1.80 billion, with estimates ranging from $1.61 billion to $2.04 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Ensco.

Ensco (NYSE:ESV) last issued its earnings results on Monday, October 29th. The offshore drilling services provider reported ($0.33) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.35) by $0.02. The firm had revenue of $431.00 million during the quarter, compared to the consensus estimate of $424.66 million. Ensco had a negative return on equity of 5.98% and a negative net margin of 36.53%. The business’s quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.05) earnings per share.

Several analysts have recently weighed in on ESV shares. Societe Generale upgraded Ensco from a “hold” rating to a “buy” rating in a report on Friday, October 12th. UBS Group set a $12.00 price target on Ensco and gave the stock a “buy” rating in a report on Wednesday, October 10th. BTIG Research started coverage on Ensco in a report on Monday, September 17th. They set a “buy” rating and a $10.00 price target on the stock. Johnson Rice upgraded Ensco from an “accumulate” rating to a “buy” rating and set a $12.00 price target on the stock in a report on Wednesday, October 17th. Finally, Wells Fargo & Co restated a “buy” rating on shares of Ensco in a report on Friday, November 2nd. One analyst has rated the stock with a sell rating, nine have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $8.89.

In related news, VP Steven Joseph Brady sold 4,500 shares of the company’s stock in a transaction that occurred on 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 $1,958,454.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.72% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Whittier Trust Co. of Nevada Inc. boosted its holdings in Ensco by 254.5% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 11,322 shares of the offshore drilling services provider’s stock valued at $629,000 after acquiring an additional 8,128 shares during the last quarter. Timber Hill LLC acquired a new position in Ensco in the third quarter valued at approximately $106,000. Wetherby Asset Management Inc. acquired a new position in Ensco in the third quarter valued at approximately $107,000. Deprince Race & Zollo Inc. acquired a new position in Ensco in the third quarter valued at approximately $127,000. Finally, Vanguard Capital Wealth Advisors acquired a new position in Ensco in the second quarter valued at approximately $111,000. Institutional investors and hedge funds own 97.72% of the company’s stock.

Shares of NYSE:ESV traded up $0.10 during midday trading on Thursday, hitting $6.40. 15,108,549 shares of the stock were exchanged, compared to its average volume of 13,522,048. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.58 and a current ratio of 2.58. Ensco has a 12 month low of $4.10 and a 12 month high of $9.51.

The business also recently announced 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 presently -7.69%.

Ensco Company Profile

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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Earnings History and Estimates for Ensco (NYSE:ESV)

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