Wall Street analysts expect Ensco Plc (NYSE:ESV) to report $406.75 million in sales for the current quarter, Zacks Investment Research reports. Seven analysts have provided 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 reported sales of $454.20 million during the same quarter last year, which indicates a negative year-over-year growth rate of 10.4%. The company is expected to announce its next quarterly earnings report on Monday, February 25th.

According to Zacks, analysts expect that Ensco will report full-year sales of $1.71 billion for the current year, with estimates ranging from $1.70 billion to $1.73 billion. For the next fiscal year, analysts expect that the company will post sales of $1.80 billion, with estimates ranging from $1.61 billion to $2.04 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Ensco.

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

A number of research analysts have recently issued reports on ESV shares. ValuEngine upgraded shares of Ensco from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, September 4th. Piper Jaffray Companies reiterated a “hold” rating and set a $9.00 price target on shares of Ensco in a research note on Tuesday, October 9th. Societe Generale upgraded shares of Ensco from a “hold” rating to a “buy” rating in a research note on Friday, October 12th. BTIG Research started coverage on shares of Ensco in a research note on Monday, September 17th. They set a “buy” rating and a $10.00 price target on the stock. Finally, Wells Fargo & Co upgraded shares of Ensco from a “market perform” rating to an “outperform” rating and set a $11.00 price target on the stock in a research note on Tuesday, October 9th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Ensco has a consensus rating of “Hold” and a consensus price target of $8.74.

In other Ensco news, VP Steven Joseph Brady sold 4,500 shares of the company’s stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $6.22, for a total transaction of $27,990.00. Following the transaction, 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 available at this link. Corporate insiders own 0.72% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Energy Opportunities Capital Management LLC grew its position in Ensco by 166.0% during the second quarter. Energy Opportunities Capital Management LLC now owns 585,785 shares of the offshore drilling services provider’s stock worth $4,253,000 after buying an additional 365,590 shares during the period. Millennium Management LLC acquired a new position in Ensco during the second quarter worth about $92,724,000. Scout Investments Inc. acquired a new position in Ensco during the third quarter worth about $17,860,000. GeoSphere Capital Management LLC acquired a new position in Ensco during the second quarter worth about $414,000. Finally, GWM Advisors LLC acquired a new position in Ensco during the third quarter worth about $187,000. Institutional investors own 96.71% of the company’s stock.

Shares of Ensco stock opened at $5.11 on Friday. Ensco has a 52-week low of $4.10 and a 52-week high of $9.51. The company has a current ratio of 2.58, a quick ratio of 2.58 and a debt-to-equity ratio of 0.60. The stock has a market cap of $2.54 billion, a PE ratio of -9.83 and a beta of 1.78.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Monday, December 3rd will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, November 30th. This represents a $0.04 annualized dividend and a yield of 0.78%. Ensco’s payout ratio is currently -7.69%.

About Ensco

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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