Weatherford International (WFRD) to Release Earnings on Wednesday

Weatherford International (NASDAQ:WFRDGet Free Report) is scheduled to announce its earnings results before the market opens on Wednesday, October 23rd. Analysts expect the company to announce earnings of $1.70 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Weatherford International (NASDAQ:WFRDGet Free Report) last announced its quarterly earnings results on Tuesday, July 23rd. The company reported $1.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.08). The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.42 billion. Weatherford International had a net margin of 9.19% and a return on equity of 49.69%. Weatherford International’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period last year, the firm earned $1.12 EPS. On average, analysts expect Weatherford International to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Weatherford International Stock Performance

WFRD stock opened at $90.74 on Wednesday. Weatherford International has a 1-year low of $82.16 and a 1-year high of $135.00. The company has a current ratio of 1.99, a quick ratio of 1.47 and a debt-to-equity ratio of 1.31. The firm has a market cap of $6.64 billion, a PE ratio of 14.68, a P/E/G ratio of 0.67 and a beta of 0.58. The business’s 50-day moving average price is $96.89 and its two-hundred day moving average price is $111.85.

Weatherford International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Tuesday, August 13th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend was Tuesday, August 13th. Weatherford International’s dividend payout ratio (DPR) is presently 16.18%.

Insiders Place Their Bets

In other Weatherford International news, EVP David John Reed sold 6,805 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $93.96, for a total value of $639,397.80. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on WFRD. Citigroup dropped their target price on shares of Weatherford International from $155.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday, September 25th. Bank of America reduced their target price on shares of Weatherford International from $145.00 to $130.00 and set a “buy” rating for the company in a research note on Monday. Barclays boosted their price target on Weatherford International from $160.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Raymond James dropped their price objective on shares of Weatherford International from $161.00 to $158.00 and set a “strong-buy” rating on the stock in a research report on Thursday, July 25th. Finally, Benchmark reissued a “buy” rating and issued a $155.00 price target on shares of Weatherford International in a report on Wednesday, July 24th. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Weatherford International presently has a consensus rating of “Buy” and a consensus target price of $148.25.

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About Weatherford International

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Weatherford International plc, an energy services company, provides equipment and services for the drilling, evaluation, completion, production, and intervention of oil, geothermal, and natural gas wells worldwide. The company operates through three segments: Drilling and Evaluation; Well Construction and Completions; and Production and Intervention.

See Also

Earnings History for Weatherford International (NASDAQ:WFRD)

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