Equities analysts expect that Weatherford International PLC (NYSE:WFT) will announce $1.50 billion in sales for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for Weatherford International’s earnings. The lowest sales estimate is $1.49 billion and the highest is $1.53 billion. Weatherford International reported sales of $1.41 billion during the same quarter last year, which would suggest a positive year over year growth rate of 6.4%. The company is expected to announce its next earnings report on Wednesday, February 7th.

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

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

Several equities research analysts have recently commented on the stock. Citigroup lifted their price target on shares of Weatherford International from $5.30 to $5.60 and gave the stock a “buy” rating in a research report on Thursday, October 5th. Seaport Global Securities upgraded shares of Weatherford International from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $4.00 to $5.00 in a research report on Wednesday, November 1st. Societe Generale upgraded shares of Weatherford International from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. BMO Capital Markets lowered their price target on shares of Weatherford International from $5.50 to $5.00 and set an “outperform” rating for the company in a research report on Thursday, November 2nd. Finally, Deutsche Bank initiated coverage on shares of Weatherford International in a report on Tuesday, October 10th. They set a “buy” rating and a $6.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $6.07.

Shares of Weatherford International (NYSE:WFT) remained flat at $$3.37 during midday trading on Tuesday. The stock had a trading volume of 19,200,199 shares, compared to its average volume of 21,869,383. Weatherford International has a one year low of $3.08 and a one year high of $7.09. The company has a debt-to-equity ratio of 5.44, a current ratio of 2.04 and a quick ratio of 1.33.

In other Weatherford International news, VP Douglas M. Mills sold 17,500 shares of the stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $4.43, for a total transaction of $77,525.00. Following the sale, the vice president now directly owns 279,125 shares in the company, valued at $1,236,523.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.16% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Weatherford International by 1.5% in the second quarter. Vanguard Group Inc. now owns 83,499,841 shares of the oil and gas company’s stock worth $323,144,000 after acquiring an additional 1,203,292 shares during the last quarter. Harris Associates L P lifted its holdings in shares of Weatherford International by 2,166.3% in the second 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 by 3.3% in the second 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 raised its holdings in Weatherford International by 71.9% in the 2nd quarter. Wedge Capital Management L L P NC now owns 29,156,413 shares of the oil and gas company’s stock valued at $112,835,000 after buying an additional 12,194,205 shares during the last quarter. Finally, Van ECK Associates Corp raised its holdings in Weatherford International by 12.5% in the 3rd quarter. Van ECK Associates Corp now owns 26,859,040 shares of the oil and gas company’s stock valued at $123,014,000 after buying an additional 2,979,183 shares during the last quarter.

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

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