Weatherford International (WFRD) Scheduled to Post Quarterly Earnings on Wednesday

Weatherford International (NASDAQ:WFRD) will be posting its quarterly earnings results before the market opens on Wednesday, October 23rd. Analysts expect Weatherford International to post earnings of $1.70 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Weatherford International (NASDAQ:WFRD) last released its quarterly earnings results on Tuesday, July 23rd. The company reported $1.66 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.08). Weatherford International had a return on equity of 49.69% and a net margin of 9.19%. The firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter last year, the firm posted $1.12 earnings per share. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. 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 Price Performance

Shares of NASDAQ WFRD opened at $90.74 on Wednesday. The company has a market capitalization of $6.64 billion, a PE ratio of 14.68, a PEG ratio of 0.67 and a beta of 0.58. The company has a quick ratio of 1.47, a current ratio of 1.99 and a debt-to-equity ratio of 1.31. The stock’s 50 day moving average price is $96.89 and its 200-day moving average price is $111.85. Weatherford International has a twelve month low of $82.16 and a twelve month high of $135.00.

Weatherford International Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, EVP David John Reed sold 6,805 shares of the stock in a transaction 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 hyperlink. Corporate insiders own 1.60% of the company’s stock.

Weatherford International Company Profile

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.