Shell (SHEL) Set to Announce Quarterly Earnings on Thursday

Shell (NYSE:SHEL) will be announcing its earnings results before the market opens on Thursday, October 31st. Analysts expect the company to announce earnings of $1.79 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Shell (NYSE:SHEL) last released its earnings results on Thursday, August 1st. The energy company reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.15. Shell had a net margin of 5.97% and a return on equity of 14.56%. The company had revenue of $75.06 billion for the quarter, compared to the consensus estimate of $88.62 billion. During the same period in the prior year, the company posted $1.50 EPS. On average, analysts expect Shell to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Shell Stock Down 1.1 %

Shares of NYSE:SHEL opened at $65.31 on Wednesday. The company has a 50 day moving average of $68.49 and a 200-day moving average of $70.66. Shell has a one year low of $60.34 and a one year high of $74.61. The stock has a market cap of $203.25 billion, a price-to-earnings ratio of 12.04, a P/E/G ratio of 1.84 and a beta of 0.56. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.41 and a quick ratio of 1.12.

Shell Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Friday, August 16th were given a dividend of $0.688 per share. This represents a $2.75 annualized dividend and a dividend yield of 4.21%. The ex-dividend date of this dividend was Friday, August 16th. Shell’s payout ratio is 50.74%.

Analysts Set New Price Targets

A number of brokerages recently commented on SHEL. Wells Fargo & Company lifted their price objective on Shell from $84.00 to $88.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Royal Bank of Canada raised Shell to a “moderate buy” rating in a research note on Tuesday, July 30th. Berenberg Bank raised shares of Shell to a “strong-buy” rating in a research note on Monday, August 5th. Scotiabank lowered their target price on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Finally, Citigroup raised shares of Shell to a “hold” rating in a report on Wednesday, October 2nd. Three research analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $82.00.

Shell Company Profile

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 to deliver gas to market.