Analysts Expect Shell plc (NYSE:SHEL) Will Post Earnings of $2.12 Per Share

Wall Street brokerages expect Shell plc (NYSE:SHEL – Get Rating) to announce $2.12 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Shell’s earnings, with the lowest EPS estimate coming in at $1.72 and the highest estimate coming in at $2.52. Shell reported earnings per share of $1.42 during the same quarter last year, which suggests a positive year over year growth rate of 49.3%. The company is scheduled to report its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Shell will report full year earnings of $9.28 per share for the current fiscal year, with EPS estimates ranging from $7.72 to $10.74. For the next year, analysts anticipate that the company will post earnings of $8.60 per share, with EPS estimates ranging from $6.59 to $10.40. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Shell.

Shell (NYSE:SHEL – Get Rating) last announced its quarterly earnings results on Thursday, May 5th. The energy company reported $2.38 earnings per share for the quarter, beating analysts’ consensus estimates of $2.12 by $0.26. Shell had a return on equity of 14.54% and a net margin of 7.27%. The firm had revenue of $83.16 billion for the quarter.

SHEL has been the subject of several research analyst reports. UBS Group lifted their price objective on Shell from GBX 2,450 ($30.20) to GBX 2,550 ($31.43) in a research report on Friday, May 6th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Shell from GBX 2,038 ($25.12) to GBX 2,551 ($31.45) in a research report on Wednesday, March 23rd. Zacks Investment Research cut shares of Shell from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 11th. JPMorgan Chase & Co. boosted their price objective on shares of Shell from GBX 2,700 ($33.28) to GBX 2,850 ($35.13) in a research report on Tuesday, April 19th. Finally, Wells Fargo & Company increased their price objective on Shell from $63.00 to $68.00 and gave the company an “overweight” rating in a research report on Friday, March 11th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $1,385.63.

NYSE SHEL opened at $58.34 on Friday. The firm has a market cap of $223.15 billion, a price-to-earnings ratio of 10.46, a PEG ratio of 0.78 and a beta of 0.67. The company has a current ratio of 1.34, a quick ratio of 1.08 and a debt-to-equity ratio of 0.44. Shell has a 1-year low of $48.27 and a 1-year high of $59.72. The company has a 50 day moving average of $55.30 and a 200-day moving average of $50.36.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 27th. Investors of record on Friday, May 20th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date is Thursday, May 19th. This is an increase from Shell’s previous quarterly dividend of $0.48. Shell’s dividend payout ratio is currently 35.84%.

A number of institutional investors have recently added to or reduced their stakes in the stock. Lee Financial Co acquired a new position in Shell in the first quarter valued at about $25,000. Meeder Asset Management Inc. acquired a new position in shares of Shell in the 1st quarter valued at approximately $25,000. Exchange Traded Concepts LLC bought a new stake in Shell during the 1st quarter worth approximately $26,000. Asset Dedication LLC bought a new position in Shell in the first quarter valued at approximately $27,000. Finally, Pflug Koory LLC acquired a new position in shares of Shell in the first quarter valued at approximately $28,000. 11.72% of the stock is currently owned by institutional investors and hedge funds.

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.

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