Wall Street analysts expect Helmerich & Payne, Inc. (NYSE:HP) to post earnings per share of ($0.14) for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Helmerich & Payne’s earnings, with the lowest EPS estimate coming in at ($0.21) and the highest estimate coming in at ($0.11). Helmerich & Payne posted earnings of ($0.41) per share during the same quarter last year, which suggests a positive year-over-year growth rate of 65.9%. The company is scheduled to announce its next earnings report before the market opens on Thursday, January 25th.
According to Zacks, analysts expect that Helmerich & Payne will report full year earnings of ($0.38) per share for the current year, with EPS estimates ranging from ($0.56) to ($0.10). For the next fiscal year, analysts anticipate that the firm will report earnings of $0.19 per share, with EPS estimates ranging from ($0.66) to $1.45. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Helmerich & Payne.
Helmerich & Payne (NYSE:HP) last posted its quarterly earnings data on Thursday, November 16th. The oil and gas company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.05. Helmerich & Payne had a negative return on equity of 2.96% and a negative net margin of 7.16%. The company had revenue of $532.30 million during the quarter, compared to analysts’ expectations of $493.78 million. During the same period in the prior year, the business earned ($0.33) earnings per share. Helmerich & Payne’s revenue for the quarter was up 60.5% compared to the same quarter last year.
In other Helmerich & Payne news, Director Chapman Paula Marshall sold 2,555 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $57.80, for a total transaction of $147,679.00. Following the completion of the transaction, the director now directly owns 12,525 shares in the company, valued at $723,945. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.90% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the business. Capital International Investors increased its stake in shares of Helmerich & Payne by 37.2% in the third quarter. Capital International Investors now owns 8,026,854 shares of the oil and gas company’s stock valued at $418,279,000 after buying an additional 2,177,139 shares in the last quarter. Brandywine Global Investment Management LLC increased its stake in shares of Helmerich & Payne by 2,253.8% in the second quarter. Brandywine Global Investment Management LLC now owns 2,147,944 shares of the oil and gas company’s stock valued at $116,720,000 after buying an additional 2,056,689 shares in the last quarter. Artisan Partners Limited Partnership increased its stake in shares of Helmerich & Payne by 68.8% in the second quarter. Artisan Partners Limited Partnership now owns 3,904,089 shares of the oil and gas company’s stock valued at $212,148,000 after buying an additional 1,590,793 shares in the last quarter. Prudential PLC increased its stake in shares of Helmerich & Payne by 64.8% in the second quarter. Prudential PLC now owns 2,487,853 shares of the oil and gas company’s stock valued at $135,190,000 after buying an additional 977,825 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of Helmerich & Payne by 2,514.0% in the second quarter. Franklin Resources Inc. now owns 738,254 shares of the oil and gas company’s stock valued at $40,118,000 after buying an additional 710,012 shares in the last quarter.
Helmerich & Payne (HP) traded down $0.60 on Monday, hitting $70.03. The stock had a trading volume of 1,588,676 shares, compared to its average volume of 1,964,517. Helmerich & Payne has a 12 month low of $42.16 and a 12 month high of $81.20. The company has a quick ratio of 3.19, a current ratio of 3.59 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $7,610.00, a PE ratio of -58.85 and a beta of 1.30.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Monday, February 12th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, February 9th. This represents a $2.80 annualized dividend and a yield of 4.00%. Helmerich & Payne’s dividend payout ratio is currently -235.29%.
ILLEGAL ACTIVITY NOTICE: “-$0.14 EPS Expected for Helmerich & Payne, Inc. (HP) This Quarter” was originally reported by Ticker Report and is the sole property of of Ticker Report. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece can be read at https://www.tickerreport.com/banking-finance/3144645/0-14-eps-expected-for-helmerich-payne-inc-hp-this-quarter.html.
Helmerich & Payne Company Profile
Helmerich & Payne, Inc is engaged in contract drilling of oil and gas wells for others. The Company operates in the contract drilling industry. The Company’s contract drilling business consists of three segments: U.S. Land, Offshore and International Land. The Company is also engaged in the ownership, development and operation of commercial real estate and the research and development of rotary steerable technology.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Helmerich & Payne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Helmerich & Payne and related companies with MarketBeat.com's FREE daily email newsletter.