$1.91 EPS Expected for Shell plc (NYSE:SHEL) This Quarter

Analysts expect Shell plc (NYSE:SHEL – Get Rating) to report earnings per share (EPS) of $1.91 for the current quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Shell’s earnings. The lowest EPS estimate is $1.85 and the highest is $1.97. Shell reported earnings per share of $0.82 in the same quarter last year, which would indicate a positive year-over-year growth rate of 132.9%. The business is expected to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Shell will report full-year earnings of $9.02 per share for the current year, with EPS estimates ranging from $7.48 to $10.31. For the next fiscal year, analysts forecast that the firm will post earnings of $8.70 per share, with EPS estimates ranging from $7.18 to $10.79. Zacks’ earnings per share calculations are an average based on a survey of research analysts that cover Shell.

Shell (NYSE:SHEL – Get Rating) last released its earnings results on Thursday, February 3rd. The energy company reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.25. The company had revenue of $90.22 billion during the quarter. Shell had a return on equity of 11.34% and a net margin of 7.37%.

Several equities analysts have recently issued reports on the company. Zacks Investment Research upgraded Shell from a “hold” rating to a “strong-buy” rating and set a $64.00 price objective for the company in a research note on Wednesday, April 6th. Deutsche Bank Aktiengesellschaft boosted their target price on Shell from GBX 2,038 ($26.56) to GBX 2,551 ($33.24) in a research note on Wednesday, March 23rd. Wells Fargo & Company boosted their price objective on Shell from $63.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday, March 11th. Bank of America assumed coverage on Shell in a research note on Friday, February 4th. They issued a “buy” rating and a $66.00 price objective for the company. Finally, Morgan Stanley boosted their target price on Shell from GBX 2,440 ($31.80) to GBX 2,570 ($33.49) in a report on Wednesday, March 23rd. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $1,156.43.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Allied Investment Advisors LLC purchased a new stake in Shell during the first quarter worth $9,283,000. Cascade Investment Advisors Inc. purchased a new stake in Shell during the first quarter worth $192,000. Richard P Slaughter Associates Inc purchased a new stake in shares of Shell in the first quarter valued at $3,025,000. Veriti Management LLC purchased a new stake in shares of Shell in the first quarter valued at $2,073,000. Finally, Summit Financial Group Inc. purchased a new stake in shares of Shell in the first quarter valued at $389,000. Institutional investors own 11.31% of the company’s stock.

NYSE SHEL opened at $55.32 on Friday. The stock has a 50-day moving average of $53.25 and a two-hundred day moving average of $48.47. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.35 and a quick ratio of 1.08. The company has a market cap of $211.60 billion, a P/E ratio of 10.72, a P/E/G ratio of 0.82 and a beta of 0.70. Shell has a 1-year low of $48.27 and a 1-year high of $56.47.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 28th. Investors of record on Friday, February 18th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date was Thursday, February 17th. Shell’s dividend payout ratio is presently 37.21%.

Shell Company Profile (Get Rating)

Shell plc operates as an energy and petrochemical company Europe, Asia, Oceania, Africa, the United States, and Rest of the Americas. The company operates through Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions segments. It explores for and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure necessary to deliver gas to market.

Read More