Equities Analysts Set Expectations for Royal Dutch Shell plc ADR’s Q3 2020 Earnings (RDS.A)
Royal Dutch Shell plc ADR (NYSE:RDS.A) – Analysts at Piper Jaffray Companies cut their Q3 2020 earnings per share estimates for Royal Dutch Shell in a research note issued on Wednesday, November 14th. Piper Jaffray Companies analyst B. Fernandez now expects that the energy company will post earnings per share of $1.50 for the quarter, down from their prior estimate of $1.65. Piper Jaffray Companies has a “Neutral” rating on the stock.
Several other brokerages also recently issued reports on RDS.A. Berenberg Bank initiated coverage on Royal Dutch Shell in a report on Tuesday, September 11th. They issued a “hold” rating on the stock. Raymond James raised Royal Dutch Shell from a “market perform” rating to an “outperform” rating in a report on Thursday, July 19th. Santander raised Royal Dutch Shell from an “underperform” rating to a “hold” rating in a report on Friday, August 31st. Morgan Stanley downgraded Royal Dutch Shell from an “overweight” rating to an “equal weight” rating in a report on Wednesday, August 1st. Finally, Wolfe Research initiated coverage on Royal Dutch Shell in a report on Friday, September 28th. They issued an “outperform” rating and a $88.00 price target on the stock. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $81.85.
Royal Dutch Shell (NYSE:RDS.A) last issued its earnings results on Thursday, November 1st. The energy company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.43 by ($0.07). The firm had revenue of $101.55 billion during the quarter. Royal Dutch Shell had a return on equity of 9.95% and a net margin of 5.74%. The company’s quarterly revenue was up 30.6% on a year-over-year basis. During the same period last year, the firm posted $0.50 EPS.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 19th. Shareholders of record on Friday, November 16th will be paid a dividend of $0.799 per share. This represents a $3.20 annualized dividend and a yield of 5.18%. The ex-dividend date is Thursday, November 15th. Royal Dutch Shell’s payout ratio is currently 83.33%.
About Royal Dutch Shell
Royal Dutch Shell Plc engages in the oil and natural gas production. It operates through the following segments: Integrated Gas, Upstream, Downstream, and Corporate. The Integrated Gas segment manages liquefied natural gas activities and the conversion of natural gas into gas to liquids fuels and other products.
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