Schlumberger Limited (NYSE:SLB) Expected to Announce Quarterly Sales of $6.27 Billion

Analysts expect that Schlumberger Limited (NYSE:SLBGet Rating) will announce $6.27 billion in sales for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Schlumberger’s earnings. The highest sales estimate is $6.36 billion and the lowest is $6.22 billion. Schlumberger reported sales of $5.63 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 11.4%. The firm is scheduled to announce its next earnings results on Monday, January 1st.

On average, analysts expect that Schlumberger will report full year sales of $26.07 billion for the current financial year, with estimates ranging from $25.83 billion to $26.25 billion. For the next fiscal year, analysts forecast that the company will report sales of $29.68 billion, with estimates ranging from $29.07 billion to $30.41 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Schlumberger.

Schlumberger (NYSE:SLBGet Rating) last released its quarterly earnings data on Friday, April 22nd. The oil and gas company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. The firm had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $5.90 billion. Schlumberger had a net margin of 8.84% and a return on equity of 14.02%. The firm’s revenue was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.21 earnings per share.

SLB has been the subject of a number of research reports. Bank of America lifted their target price on shares of Schlumberger from $42.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, January 24th. Barclays boosted their price objective on shares of Schlumberger from $48.00 to $55.00 in a research report on Wednesday, April 27th. Zacks Investment Research lowered shares of Schlumberger from a “buy” rating to a “hold” rating and set a $44.00 price objective for the company. in a research report on Tuesday, March 15th. JPMorgan Chase & Co. boosted their price objective on shares of Schlumberger from $40.00 to $43.00 and gave the company an “overweight” rating in a research report on Monday, January 24th. Finally, BNP Paribas raised shares of Schlumberger from a “neutral” rating to an “outperform” rating and set a $45.00 price objective for the company in a research report on Wednesday, January 26th. Three analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $46.10.

SLB stock opened at $43.03 on Monday. The company has a current ratio of 1.24, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84. The company has a market cap of $60.82 billion, a P/E ratio of 29.27 and a beta of 1.91. The company’s 50-day moving average price is $41.27 and its 200 day moving average price is $36.72. Schlumberger has a 52 week low of $25.90 and a 52 week high of $46.27.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 14th. Shareholders of record on Wednesday, June 1st will be paid a dividend of $0.175 per share. This is an increase from Schlumberger’s previous quarterly dividend of $0.13. This represents a $0.70 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend is Tuesday, May 31st. Schlumberger’s payout ratio is currently 34.01%.

In other news, Director Pierre Chereque sold 10,000 shares of the company’s stock in a transaction on Thursday, February 17th. The shares were sold at an average price of $41.03, for a total value of $410,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Limited/Nv Schlumberger sold 14,500,000 shares of the company’s stock in a transaction on Tuesday, May 3rd. The shares were sold at an average price of $15.50, for a total transaction of $224,750,000.00. Following the completion of the transaction, the insider now owns 35,101,961 shares of the company’s stock, valued at $544,080,395.50. The disclosure for this sale can be found here. Insiders sold 14,571,702 shares of company stock valued at $227,621,630 over the last 90 days. Insiders own 0.28% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of SLB. Advisor Group Holdings Inc. raised its holdings in Schlumberger by 12.4% in the third quarter. Advisor Group Holdings Inc. now owns 206,671 shares of the oil and gas company’s stock valued at $6,145,000 after acquiring an additional 22,872 shares in the last quarter. EagleClaw Capital Managment LLC raised its holdings in Schlumberger by 18.8% in the third quarter. EagleClaw Capital Managment LLC now owns 26,584 shares of the oil and gas company’s stock valued at $790,000 after acquiring an additional 4,200 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Schlumberger by 7.5% in the third quarter. Russell Investments Group Ltd. now owns 452,870 shares of the oil and gas company’s stock valued at $13,583,000 after acquiring an additional 31,783 shares in the last quarter. Candriam Luxembourg S.C.A. raised its holdings in shares of Schlumberger by 19.8% during the third quarter. Candriam Luxembourg S.C.A. now owns 613,000 shares of the oil and gas company’s stock worth $18,169,000 after purchasing an additional 101,225 shares during the period. Finally, Ieq Capital LLC raised its holdings in shares of Schlumberger by 20.8% during the third quarter. Ieq Capital LLC now owns 26,615 shares of the oil and gas company’s stock worth $789,000 after purchasing an additional 4,591 shares during the period. 76.34% of the stock is currently owned by hedge funds and other institutional investors.

Schlumberger Company Profile (Get Rating)

Schlumberger Limited provides technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. It offers software, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; petro technical data services and training solutions; reservoir interpretation and data processing services; asset performance solutions; open and cased-hole services; exploration and production pressure and flow-rate measurement services; pressure pumping, well stimulation, and coiled tubing equipment for downhole mechanical well intervention, reservoir monitoring, and downhole data acquisition; and integrated production systems.

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