-$0.25 EPS Expected for Ensco plc (ESV) This Quarter

Equities analysts expect Ensco plc (NYSE:ESV) to announce ($0.25) earnings per share for the current quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Ensco’s earnings, with the lowest EPS estimate coming in at ($0.31) and the highest estimate coming in at ($0.20). Ensco reported earnings of ($0.04) per share during the same quarter last year, which would indicate a negative year over year growth rate of 525%. The firm is expected to announce its next quarterly earnings results after the market closes on Wednesday, April 25th.

On average, analysts expect that Ensco will report full year earnings of ($0.98) per share for the current financial year, with EPS estimates ranging from ($1.35) to ($0.75). For the next year, analysts expect that the company will report earnings of ($0.93) per share, with EPS estimates ranging from ($1.20) to ($0.45). Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Ensco.

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Ensco (NYSE:ESV) last released its earnings results on Tuesday, February 27th. The offshore drilling services provider reported ($0.23) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.26) by $0.03. Ensco had a negative return on equity of 1.86% and a negative net margin of 16.48%. The business had revenue of $454.00 million during the quarter, compared to the consensus estimate of $453.21 million. During the same period last year, the business posted $0.10 earnings per share. The business’s revenue for the quarter was down 10.1% on a year-over-year basis.

A number of analysts have issued reports on the company. Susquehanna Bancshares set a $6.00 target price on Ensco and gave the stock a “hold” rating in a research report on Friday. Zacks Investment Research raised Ensco from a “sell” rating to a “hold” rating in a research report on Wednesday, March 14th. Cowen set a $5.00 target price on Ensco and gave the stock a “hold” rating in a research report on Thursday, March 15th. Piper Jaffray downgraded Ensco from an “overweight” rating to a “neutral” rating and set a $6.00 target price for the company. in a research report on Thursday, January 11th. Finally, Wells Fargo decreased their target price on Ensco from $7.00 to $6.00 and set a “market perform” rating for the company in a research report on Wednesday, February 28th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $6.61.

NYSE:ESV opened at $5.43 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.13 and a quick ratio of 2.13. Ensco has a 1 year low of $4.10 and a 1 year high of $8.75. The firm has a market capitalization of $2,367.53, a price-to-earnings ratio of -10.44 and a beta of 1.82.

Institutional investors have recently bought and sold shares of the company. Bedel Financial Consulting Inc. bought a new position in shares of Ensco in the fourth quarter worth $100,000. Private Advisor Group LLC bought a new position in shares of Ensco in the third quarter worth $100,000. ARGA Investment Management LP bought a new stake in Ensco during the fourth quarter valued at $113,000. Investors Research Corp bought a new stake in Ensco during the fourth quarter valued at $128,000. Finally, Amundi Pioneer Asset Management Inc. bought a new stake in Ensco during the fourth quarter valued at $136,000. 92.16% of the stock is owned by hedge funds and other institutional investors.

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Ensco Company Profile

Ensco plc provides offshore contract drilling services to the oil and gas industry worldwide. It operates through three segments: Floaters, Jackups, and Other. The company owns and operates an offshore drilling rig fleet of 65 rigs, including 32 located in the Middle East, Africa, and the Asia Pacific, which comprise 3 rigs under construction; 14 located in North and South America, such as Brazil; and 19 located in Europe and the Mediterranean.

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Earnings History and Estimates for Ensco (NYSE:ESV)

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