Today: Q3 2016 EPS Estimates for Ensco PLC Boosted by Analyst (ESV)

Today: Q3 2016 EPS Estimates for Ensco PLC Boosted by Analyst (ESV)

Ensco PLC (NYSE:ESV) – KeyCorp raised their Q3 2016 earnings per share estimates for shares of Ensco PLC in a note issued to investors on Friday. KeyCorp analyst R. Shoemaker now forecasts that the firm will earn $0.10 per share for the quarter, up from their previous estimate of $0.08. KeyCorp also issued estimates for Ensco PLC’s FY2017 earnings at $0.16 EPS.

ESV has been the topic of several other reports. Nomura set a $6.00 price objective on shares of Ensco PLC and gave the company a “sell” rating in a report on Tuesday, August 16th. Scotia Howard Weill assumed coverage on shares of Ensco PLC in a report on Wednesday, September 14th. They issued an “outperform” rating and a $10.00 price objective on the stock. Bank of America Corp. assumed coverage on shares of Ensco PLC in a report on Sunday, June 19th. They issued an “underperform” rating and a $10.53 price objective on the stock. Credit Suisse Group AG restated a “hold” rating and issued a $10.00 price objective on shares of Ensco PLC in a report on Friday, July 29th. Finally, Jefferies Group restated a “hold” rating and issued a $8.00 price objective (down from $10.00) on shares of Ensco PLC in a report on Wednesday, September 28th. Seven research analysts have rated the stock with a sell rating, twelve have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Ensco PLC has an average rating of “Hold” and a consensus target price of $11.77.

Ensco PLC (NYSE:ESV) opened at 8.30 on Monday. The stock’s 50 day moving average is $7.69 and its 200 day moving average is $9.39. The stock’s market capitalization is $2.50 billion. Ensco PLC has a 12-month low of $6.50 and a 12-month high of $18.93.

Ensco PLC (NYSE:ESV) last posted its quarterly earnings results on Wednesday, July 27th. The offshore drilling services provider reported $2.04 EPS for the quarter, beating the consensus estimate of $0.53 by $1.51. Ensco PLC had a negative net margin of 39.67% and a positive return on equity of 10.06%. The business had revenue of $910 million for the quarter, compared to analysts’ expectations of $746.55 million. During the same period in the previous year, the company posted $1.11 EPS. Ensco PLC’s revenue was down 14.1% on a year-over-year basis.

Large investors have recently modified their holdings of the company. BlackRock Fund Advisors boosted its stake in shares of Ensco PLC by 28.8% in the first quarter. BlackRock Fund Advisors now owns 8,442,218 shares of the offshore drilling services provider’s stock worth $87,546,000 after buying an additional 1,888,452 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in Ensco PLC by 10.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 7,147,391 shares of the offshore drilling services provider’s stock worth $74,118,000 after buying an additional 695,022 shares during the last quarter. Advisor Partners LLC acquired a new stake in Ensco PLC during the first quarter worth $139,000. Willis Investment Counsel increased its stake in Ensco PLC by 40.4% in the first quarter. Willis Investment Counsel now owns 320,548 shares of the offshore drilling services provider’s stock worth $3,324,000 after buying an additional 92,173 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in Ensco PLC by 33.8% in the first quarter. Canada Pension Plan Investment Board now owns 160,410 shares of the offshore drilling services provider’s stock worth $1,663,000 after buying an additional 40,500 shares during the last quarter. Institutional investors own 85.87% of the company’s stock.

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