Zacks: Analysts Anticipate Schlumberger Limited. (SLB) Will Announce Quarterly Sales of $8.41 Billion
Equities research analysts forecast that Schlumberger Limited. (NYSE:SLB) will report $8.41 billion in sales for the current quarter, Zacks reports. Ten analysts have issued estimates for Schlumberger’s earnings, with the highest sales estimate coming in at $8.50 billion and the lowest estimate coming in at $8.29 billion. Schlumberger reported sales of $8.18 billion during the same quarter last year, which would suggest a positive year over year growth rate of 2.8%. The firm is scheduled to announce its next earnings report on Friday, January 18th.
According to Zacks, analysts expect that Schlumberger will report full year sales of $33.05 billion for the current fiscal year, with estimates ranging from $32.87 billion to $33.14 billion. For the next financial year, analysts expect that the business will post sales of $36.18 billion, with estimates ranging from $35.18 billion to $37.74 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Schlumberger.
Schlumberger (NYSE:SLB) last released its quarterly earnings data on Friday, October 19th. The oil and gas company reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.01. The business had revenue of $8.50 billion during the quarter, compared to analysts’ expectations of $8.57 billion. Schlumberger had a positive return on equity of 6.55% and a negative net margin of 2.00%. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.42 EPS.
Shares of NYSE:SLB traded down $0.27 on Friday, hitting $47.95. 4,532,057 shares of the company’s stock were exchanged, compared to its average volume of 12,193,164. The stock has a market cap of $66.78 billion, a P/E ratio of 31.97, a P/E/G ratio of 4.76 and a beta of 1.03. Schlumberger has a 1-year low of $47.07 and a 1-year high of $80.35. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.85 and a current ratio of 1.13.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 11th. Stockholders of record on Wednesday, December 5th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.17%. The ex-dividend date is Tuesday, December 4th. Schlumberger’s payout ratio is currently 133.33%.
In related news, Director Michael E. Marks acquired 8,000 shares of Schlumberger stock in a transaction on Thursday, September 6th. The stock was purchased at an average cost of $60.31 per share, with a total value of $482,480.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Simon Ayat sold 60,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 30th. The shares were sold at an average price of $56.60, for a total value of $3,396,000.00. Following the sale, the chief financial officer now directly owns 234,008 shares of the company’s stock, valued at $13,244,852.80. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Zions Bancorporation purchased a new position in shares of Schlumberger during the 3rd quarter worth approximately $131,000. Truvestments Capital LLC purchased a new position in shares of Schlumberger during the 3rd quarter worth approximately $132,000. Whitener Capital Management Inc. purchased a new position in shares of Schlumberger during the 3rd quarter worth approximately $137,000. Squar Milner Financial Services LLC purchased a new position in shares of Schlumberger during the 2nd quarter worth approximately $157,000. Finally, Westbourne Investment Advisors Inc. purchased a new position in shares of Schlumberger during the 3rd quarter worth approximately $158,000. 77.49% of the stock is owned by hedge funds and other institutional investors.
Schlumberger Limited supplies technology products and services to the oil and gas exploration and production industry worldwide. The company's Reservoir Characterization Group segment provides reservoir interpretation and data processing services; open and cased-hole services; slickline services; exploration and production pressure and flow-rate measurement services at the surface and downhole; software integrated solutions, such as software, consulting, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; and petrotechnical data services and training solutions, as well as integrated management services.
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