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

Wall Street brokerages forecast that Equinor ASA (NYSE:EQNRGet 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:EQNRGet 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.

Featured Stories

Get a free copy of the Zacks research report on Equinor ASA (EQNR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Equinor ASA (NYSE:EQNR)

Receive News & Ratings for Equinor ASA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equinor ASA and related companies with MarketBeat.com's FREE daily email newsletter.