$1.18 EPS Expected for Equinor ASA (NYSE:EQNR) This Quarter

Wall Street brokerages forecast that Equinor ASA (NYSE:EQNR – Get Rating) will announce earnings per share (EPS) of $1.18 for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Equinor ASA’s earnings. Equinor ASA posted earnings of $0.49 per share during the same quarter last year, which would indicate a positive year over year growth rate of 140.8%. The business is expected to report its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Equinor ASA will report full-year earnings of $5.49 per share for the current financial year, with EPS estimates ranging from $5.25 to $5.72. For the next financial year, analysts anticipate that the firm will report earnings of $4.12 per share, with EPS estimates ranging from $4.08 to $4.16. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Equinor ASA.

Equinor ASA (NYSE:EQNR – Get Rating) last released its quarterly earnings data on Wednesday, February 9th. The company reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.14. The business had revenue of $32.61 billion during the quarter. Equinor ASA had a return on equity of 35.64% and a net margin of 10.44%. During the same quarter in the prior year, the firm earned ($0.18) EPS.

Several brokerages recently weighed in on EQNR. Bank of America upgraded shares of Equinor ASA from a “neutral” rating to a “buy” rating in a research report on Tuesday, March 8th. StockNews.com lowered Equinor ASA from a “strong-buy” rating to a “buy” rating in a report on Saturday. Morgan Stanley lifted their target price on Equinor ASA from $30.67 to $31.80 and gave the company an “underweight” rating in a research note on Wednesday, March 23rd. JPMorgan Chase & Co. increased their price target on Equinor ASA from 285.00 to 305.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 19th. Finally, SEB Equities raised shares of Equinor ASA from a “hold” rating to a “buy” rating and set a $42.02 price objective for the company in a report on Friday, April 1st. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Equinor ASA currently has an average rating of “Hold” and an average price target of $126.52.

Shares of EQNR opened at $35.71 on Friday. The firm has a fifty day moving average of $35.73 and a 200-day moving average of $30.38. The company has a market cap of $115.92 billion, a price-to-earnings ratio of 10.12, a price-to-earnings-growth ratio of 0.11 and a beta of 1.01. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.51 and a current ratio of 1.51. Equinor ASA has a 1 year low of $18.44 and a 1 year high of $39.15.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 27th. Stockholders of record on Friday, May 13th will be issued a $0.20 dividend. This is a positive change from Equinor ASA’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Thursday, May 12th. This represents a $0.80 annualized dividend and a dividend yield of 2.24%. Equinor ASA’s dividend payout ratio is presently 14.73%.

A number of hedge funds and other institutional investors have recently modified their holdings of EQNR. Cinctive Capital Management LP bought a new stake in Equinor ASA during the 3rd quarter worth about $11,367,000. Essex Investment Management Co. LLC acquired a new position in Equinor ASA during the 3rd quarter valued at about $205,000. EverSource Wealth Advisors LLC acquired a new position in Equinor ASA during the 4th quarter valued at about $57,000. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Equinor ASA by 172.5% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 56,239 shares of the company’s stock valued at $1,434,000 after acquiring an additional 35,603 shares during the period. Finally, American Century Companies Inc. raised its position in shares of Equinor ASA by 4.9% in the 3rd quarter. American Century Companies Inc. now owns 36,249 shares of the company’s stock valued at $924,000 after acquiring an additional 1,698 shares during the period. Institutional investors and hedge funds own 5.66% of the company’s stock.

About Equinor ASA (Get Rating)

Equinor ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and petroleum-derived products, and other forms of energy in Norway and internationally. It operates through Exploration & Production Norway; Exploration & Production International; Exploration & Production USA; Marketing, Midstream & Processing; Renewables; and Other segments.

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