Ensco Plc to Post Q3 2017 Earnings of ($0.17) Per Share, Capital One Financial Corporation Forecasts (ESV)
Ensco Plc (NYSE:ESV) – Capital One Financial Corporation dropped their Q3 2017 earnings per share estimates for Ensco Plc in a note issued to investors on Monday. Capital One Financial Corporation analyst J. Gibney now anticipates that the offshore drilling services provider will post earnings per share of ($0.17) for the quarter, down from their prior estimate of ($0.16). Capital One Financial Corporation also issued estimates for Ensco Plc’s FY2018 earnings at ($0.62) EPS.
Ensco Plc (NYSE:ESV) last issued its quarterly earnings results on Thursday, July 27th. The offshore drilling services provider reported ($0.10) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.02. The company had revenue of $457.50 million during the quarter, compared to the consensus estimate of $453.48 million. Ensco Plc had a return on equity of 0.77% and a net margin of 2.68%. Ensco Plc’s revenue was down 49.7% on a year-over-year basis. During the same period last year, the business posted $2.04 earnings per share. TRADEMARK VIOLATION NOTICE: This story was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another publication, it was copied illegally and republished in violation of U.S. and international copyright laws. The legal version of this story can be viewed at https://www.thecerbatgem.com/2017/10/13/ensco-plc-to-post-q3-2017-earnings-of-0-17-per-share-capital-one-financial-corporation-forecasts-esv.html.
ESV has been the topic of a number of other reports. Nordea Equity Research reissued a “buy” rating and issued a $8.00 price target on shares of Ensco Plc in a research report on Saturday, September 30th. ValuEngine cut Ensco Plc from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. UBS AG raised Ensco Plc from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $6.00 to $8.00 in a research report on Monday, September 25th. Seaport Global Securities cut Ensco Plc from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $6.50 to $4.00 in a research report on Wednesday, June 21st. Finally, Jefferies Group LLC set a $9.00 price target on Ensco Plc and gave the stock a “hold” rating in a research report on Saturday, July 1st. Six equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $9.26.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Monday, September 11th were given a $0.01 dividend. The ex-dividend date was Friday, September 8th. This represents a $0.04 annualized dividend and a yield of 0.75%. Ensco Plc’s dividend payout ratio (DPR) is presently 23.53%.
A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in Ensco Plc by 25.3% in the 2nd quarter. BlackRock Inc. now owns 32,777,289 shares of the offshore drilling services provider’s stock valued at $169,130,000 after acquiring an additional 6,612,735 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Ensco Plc by 170.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 16,775,071 shares of the offshore drilling services provider’s stock valued at $86,564,000 after buying an additional 10,568,874 shares during the period. FMR LLC lifted its holdings in shares of Ensco Plc by 969.0% during the 1st quarter. FMR LLC now owns 14,705,005 shares of the offshore drilling services provider’s stock valued at $131,610,000 after buying an additional 13,329,369 shares during the period. State Street Corp lifted its holdings in shares of Ensco Plc by 1.6% during the 2nd quarter. State Street Corp now owns 12,112,020 shares of the offshore drilling services provider’s stock valued at $62,497,000 after buying an additional 192,165 shares during the period. Finally, Capital Guardian Trust Co. lifted its holdings in shares of Ensco Plc by 189.3% during the 2nd quarter. Capital Guardian Trust Co. now owns 10,637,145 shares of the offshore drilling services provider’s stock valued at $54,888,000 after buying an additional 6,960,500 shares during the period. 91.56% of the stock is currently owned by institutional investors and hedge funds.
Ensco Plc Company Profile
Ensco plc is an offshore contract drilling company. The Company provides offshore contract drilling services to the international oil and gas industry. Its segments include Floaters, Jackups and Other. The Floaters segment includes its drillships and semisubmersible rigs, and provides contract drilling.
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