Equities research analysts forecast that Weatherford International PLC (NYSE:WFT) will post $1.50 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Weatherford International PLC’s earnings. The highest sales estimate is $1.53 billion and the lowest is $1.49 billion. Weatherford International PLC posted sales of $1.41 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.4%. The company is scheduled to issue its next quarterly earnings results on Wednesday, February 7th.

On average, analysts expect that Weatherford International PLC will report full-year sales of $1.50 billion for the current year, with estimates ranging from $5.70 billion to $5.75 billion. For the next year, analysts expect that the company will post sales of $6.12 billion per share, with estimates ranging from $5.38 billion to $6.97 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Weatherford International PLC.

Weatherford International PLC (NYSE:WFT) last posted its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported ($0.22) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.02. The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.49 billion. Weatherford International PLC had a negative net margin of 25.36% and a negative return on equity of 67.44%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.39) EPS.

Several equities research analysts have commented on WFT shares. ValuEngine lowered shares of Weatherford International PLC from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Piper Jaffray Companies set a $6.00 price objective on shares of Weatherford International PLC and gave the company a “buy” rating in a research note on Saturday, July 29th. Cowen and Company set a $8.00 price target on shares of Weatherford International PLC and gave the stock a “buy” rating in a research note on Friday, October 6th. Deutsche Bank AG started coverage on shares of Weatherford International PLC in a research note on Tuesday, October 10th. They set a “buy” rating and a $6.00 price target for the company. Finally, Zacks Investment Research upgraded shares of Weatherford International PLC from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $6.07.

Shares of Weatherford International PLC (WFT) opened at $3.39 on Friday. The company has a debt-to-equity ratio of 5.44, a current ratio of 2.04 and a quick ratio of 1.33. Weatherford International PLC has a one year low of $3.16 and a one year high of $7.09.

In other Weatherford International PLC news, VP Douglas M. Mills sold 17,500 shares of the firm’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $4.43, for a total value of $77,525.00. Following the completion of the transaction, the vice president now directly owns 279,125 shares of the company’s stock, valued at approximately $1,236,523.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.16% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Weatherford International PLC by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 83,499,841 shares of the oil and gas company’s stock valued at $323,144,000 after purchasing an additional 1,203,292 shares during the period. Harris Associates L P lifted its holdings in shares of Weatherford International PLC by 2,166.3% during the 2nd quarter. Harris Associates L P now owns 61,075,275 shares of the oil and gas company’s stock worth $236,361,000 after acquiring an additional 58,380,345 shares during the last quarter. State Street Corp lifted its holdings in shares of Weatherford International PLC by 3.3% during the 2nd quarter. State Street Corp now owns 50,573,863 shares of the oil and gas company’s stock worth $195,718,000 after acquiring an additional 1,617,102 shares during the last quarter. Wedge Capital Management L L P NC lifted its holdings in shares of Weatherford International PLC by 71.9% during the 2nd quarter. Wedge Capital Management L L P NC now owns 29,156,413 shares of the oil and gas company’s stock worth $112,835,000 after acquiring an additional 12,194,205 shares during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in shares of Weatherford International PLC by 12.5% during the 3rd quarter. Van ECK Associates Corp now owns 26,859,040 shares of the oil and gas company’s stock worth $123,014,000 after acquiring an additional 2,979,183 shares during the last quarter.

TRADEMARK VIOLATION NOTICE: “Weatherford International PLC (WFT) Expected to Post Quarterly Sales of $1.50 Billion” was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another site, it was illegally stolen and reposted in violation of international copyright and trademark law. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/11/17/weatherford-international-plc-wft-expected-to-post-quarterly-sales-of-1-50-billion.html.

Weatherford International PLC Company Profile

Get a free copy of the Zacks research report on Weatherford International PLC (WFT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Weatherford International PLC (NYSE:WFT)

Receive News & Stock Ratings for Weatherford International PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weatherford International PLC and related stocks with our FREE daily email newsletter.