$7.90 Billion in Sales Expected for Schlumberger Limited. (SLB) This Quarter

Wall Street analysts expect Schlumberger Limited. (NYSE:SLB) to announce sales of $7.90 billion for the current quarter, according to Zacks. Nine analysts have made estimates for Schlumberger’s earnings. The highest sales estimate is $8.15 billion and the lowest is $7.67 billion. Schlumberger reported sales of $6.89 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 14.7%. The business is expected to announce its next quarterly earnings report before the market opens on Friday, April 20th.

On average, analysts expect that Schlumberger will report full-year sales of $7.90 billion for the current fiscal year, with estimates ranging from $33.13 billion to $35.71 billion. For the next fiscal year, analysts forecast that the company will report sales of $39.01 billion per share, with estimates ranging from $35.65 billion to $41.45 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Schlumberger.

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Schlumberger (NYSE:SLB) last announced its quarterly earnings data on Friday, January 19th. The oil and gas company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.04. Schlumberger had a positive return on equity of 5.27% and a negative net margin of 4.94%. The company had revenue of $8.18 billion during the quarter, compared to analyst estimates of $8.12 billion. During the same quarter last year, the firm posted $0.27 EPS. The firm’s revenue for the quarter was up 15.1% on a year-over-year basis.

A number of research analysts have weighed in on the company. Barclays set a $70.00 target price on Schlumberger and gave the company a “hold” rating in a report on Saturday, March 24th. Piper Jaffray lifted their target price on Schlumberger from $74.00 to $90.00 and gave the company an “overweight” rating in a report on Friday, January 19th. ValuEngine lowered Schlumberger from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Cowen reaffirmed a “buy” rating and set a $81.00 target price on shares of Schlumberger in a report on Thursday, March 15th. Finally, Zacks Investment Research lowered Schlumberger from a “hold” rating to a “sell” rating in a report on Tuesday, February 6th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $80.96.

SLB traded down $2.36 during trading hours on Friday, hitting $62.42. The stock had a trading volume of 2,591,418 shares, compared to its average volume of 8,676,976. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 1.21. The firm has a market cap of $89,651.19, a P/E ratio of 41.81, a price-to-earnings-growth ratio of 5.01 and a beta of 1.05. Schlumberger has a 1 year low of $61.02 and a 1 year high of $80.89.

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Wednesday, February 7th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, February 6th. This represents a $2.00 annualized dividend and a dividend yield of 3.20%. Schlumberger’s dividend payout ratio (DPR) is presently 133.33%.

In other news, CFO Simon Ayat sold 75,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $78.86, for a total transaction of $5,914,500.00. Following the transaction, the chief financial officer now directly owns 138,827 shares of the company’s stock, valued at $10,947,897.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Howard Guild sold 25,000 shares of the company’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $78.26, for a total value of $1,956,500.00. Following the completion of the sale, the insider now directly owns 22,410 shares in the company, valued at $1,753,806.60. The disclosure for this sale can be found here. Insiders have bought 18,000 shares of company stock worth $1,163,650 over the last three months. Insiders own 0.48% of the company’s stock.

A number of hedge funds have recently modified their holdings of SLB. Delek Group Ltd. bought a new position in Schlumberger in the fourth quarter valued at about $100,000. Aviance Capital Management LLC bought a new position in Schlumberger in the second quarter valued at about $100,000. FNY Partners Fund LP bought a new position in Schlumberger in the fourth quarter valued at about $101,000. Mountain Capital Investment Advisors Inc bought a new position in Schlumberger in the second quarter valued at about $107,000. Finally, Rational Advisors LLC bought a new position in Schlumberger in the fourth quarter valued at about $108,000. 79.90% of the stock is currently owned by institutional investors.

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About Schlumberger

Schlumberger N.V. provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The Company’s segments include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group. The Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.

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Earnings History and Estimates for Schlumberger (NYSE:SLB)

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