Weatherford International (WFRD) Expected to Announce Earnings on Tuesday

Weatherford International (NASDAQ:WFRD) is expected to issue its quarterly earnings data after the market closes on Tuesday, April 22nd. Analysts expect the company to announce earnings of $0.93 per share and revenue of $1.21 billion for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Weatherford International (NASDAQ:WFRD) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $1.50 earnings per share for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.30). Weatherford International had a net margin of 9.18% and a return on equity of 40.65%. On average, analysts expect Weatherford International to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Weatherford International Stock Up 1.1 %

Shares of WFRD stock opened at $43.49 on Tuesday. Weatherford International has a 12-month low of $36.74 and a 12-month high of $135.00. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 1.26. The firm has a fifty day moving average of $56.16 and a 200-day moving average of $70.68. The company has a market capitalization of $3.17 billion, a price-to-earnings ratio of 6.47, a P/E/G ratio of 1.65 and a beta of 0.70.

Weatherford International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Friday, February 21st were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date was Friday, February 21st. Weatherford International’s dividend payout ratio (DPR) is presently 14.88%.

Insider Buying and Selling

In related news, CFO Arunava Mitra sold 10,000 shares of Weatherford International stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $67.57, for a total transaction of $675,700.00. Following the completion of the sale, the chief financial officer now owns 21,072 shares of the company’s stock, valued at approximately $1,423,835.04. The trade was a 32.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Scott C. Weatherholt sold 44,505 shares of the stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $66.17, for a total transaction of $2,944,895.85. Following the completion of the transaction, the executive vice president now directly owns 125,019 shares in the company, valued at approximately $8,272,507.23. This represents a 26.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 87,930 shares of company stock valued at $5,861,718. 1.60% of the stock is owned by insiders.

Analysts Set New Price Targets

WFRD has been the subject of a number of research reports. Piper Sandler decreased their price objective on Weatherford International from $87.00 to $82.00 and set a “neutral” rating for the company in a report on Monday, February 10th. Citigroup lowered their price objective on shares of Weatherford International from $110.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Benchmark reduced their target price on shares of Weatherford International from $140.00 to $125.00 and set a “buy” rating for the company in a report on Friday, February 7th. Raymond James cut their price target on shares of Weatherford International from $97.00 to $73.00 and set a “strong-buy” rating on the stock in a research report on Monday. Finally, Barclays lowered their target price on Weatherford International from $92.00 to $85.00 and set an “overweight” rating on the stock in a research report on Monday, March 31st. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $103.75.

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.