Equities analysts expect Schlumberger Limited. (NYSE:SLB) to report $8.53 billion in sales for the current quarter, Zacks Investment Research reports. Ten analysts have provided estimates for Schlumberger’s earnings. The highest sales estimate is $8.66 billion and the lowest is $8.43 billion. Schlumberger posted sales of $8.50 billion in the same quarter last year, which suggests a positive year over year growth rate of 0.4%. The business is scheduled to issue its next quarterly earnings report on Friday, October 18th.
According to Zacks, analysts expect that Schlumberger will report full year sales of $33.38 billion for the current fiscal year, with estimates ranging from $33.09 billion to $33.88 billion. For the next fiscal year, analysts expect that the business will report sales of $36.22 billion, with estimates ranging from $34.71 billion to $38.60 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover Schlumberger.
Schlumberger (NYSE:SLB) last issued its earnings results on Friday, July 19th. The oil and gas company reported $0.35 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.35. The company had revenue of $8.27 billion for the quarter, compared to the consensus estimate of $8.11 billion. Schlumberger had a net margin of 6.38% and a return on equity of 5.62%. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.43 EPS.
In other Schlumberger news, insider Stephanie Cox sold 24,057 shares of the business’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $40.59, for a total value of $976,473.63. Following the transaction, the insider now owns 46,354 shares of the company’s stock, valued at $1,881,508.86. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Patrick Schorn sold 12,151 shares of the business’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $38.93, for a total value of $473,038.43. Following the completion of the transaction, the executive vice president now directly owns 130,000 shares in the company, valued at approximately $5,060,900. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. Ellis Investment Partners LLC bought a new stake in shares of Schlumberger during the 1st quarter valued at $26,000. Quad Cities Investment Group LLC bought a new stake in shares of Schlumberger during the 2nd quarter valued at $32,000. Mizuho Securities Co. Ltd. bought a new stake in shares of Schlumberger during the 2nd quarter valued at $32,000. Doyle Wealth Management bought a new stake in shares of Schlumberger during the 2nd quarter valued at $33,000. Finally, Lenox Wealth Management Inc. raised its stake in shares of Schlumberger by 41.1% during the 1st quarter. Lenox Wealth Management Inc. now owns 879 shares of the oil and gas company’s stock valued at $38,000 after purchasing an additional 256 shares during the period. 77.19% of the stock is currently owned by institutional investors and hedge funds.
NYSE:SLB traded up $0.18 on Monday, hitting $33.87. 388,302 shares of the stock were exchanged, compared to its average volume of 10,708,089. The stock has a market capitalization of $47.16 billion, a price-to-earnings ratio of 20.91, a P/E/G ratio of 2.14 and a beta of 1.44. Schlumberger has a 52 week low of $31.11 and a 52 week high of $65.61. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.01 and a current ratio of 1.39. The company’s 50-day moving average price is $37.59 and its 200 day moving average price is $40.59.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Wednesday, September 4th will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $2.00 annualized dividend and a yield of 5.90%. Schlumberger’s dividend payout ratio (DPR) is currently 123.46%.
Schlumberger Limited supplies technology for reservoir characterization, drilling, production, and processing to the oil and gas industry worldwide. The company's Reservoir Characterization segment offers reservoir interpretation and data processing services; open and cased-hole, and slickline services; exploration and production pressure and flow-rate measurement services; tubing-conveyed perforating services; integrated production systems; software, consulting, information management, and IT infrastructure services; reservoir characterization, field development planning, and production enhancement consulting services; petro technical data services and training solutions; and integrated management services.
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