Zacks: Analysts Anticipate PETROLEO BRASIL/ADR (NYSE:PBR) to Announce $0.39 Earnings Per Share

Share on StockTwits

Brokerages forecast that PETROLEO BRASIL/ADR (NYSE:PBR) will report earnings per share of $0.39 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for PETROLEO BRASIL/ADR’s earnings. The highest EPS estimate is $0.44 and the lowest is $0.34. PETROLEO BRASIL/ADR posted earnings per share of $0.44 during the same quarter last year, which suggests a negative year over year growth rate of 11.4%. The business is scheduled to issue its next quarterly earnings results on Friday, August 2nd.

According to Zacks, analysts expect that PETROLEO BRASIL/ADR will report full year earnings of $1.29 per share for the current year, with EPS estimates ranging from $0.86 to $1.71. For the next fiscal year, analysts forecast that the company will report earnings of $1.93 per share, with EPS estimates ranging from $0.85 to $3.03. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow PETROLEO BRASIL/ADR.

PETROLEO BRASIL/ADR (NYSE:PBR) last posted its quarterly earnings data on Thursday, May 2nd. The oil and gas exploration company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.06). The company had revenue of $21.23 billion during the quarter, compared to analyst estimates of $21.65 billion. PETROLEO BRASIL/ADR had a net margin of 6.50% and a return on equity of 10.35%.

Several research firms have weighed in on PBR. ValuEngine upgraded shares of PETROLEO BRASIL/ADR from a “hold” rating to a “buy” rating in a research report on Friday, June 7th. Zacks Investment Research upgraded shares of PETROLEO BRASIL/ADR from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 7th. Credit Suisse Group upgraded shares of PETROLEO BRASIL/ADR from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $15.00 to $21.00 in a research report on Monday, April 8th. Finally, HSBC upgraded shares of PETROLEO BRASIL/ADR from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company’s stock. PETROLEO BRASIL/ADR has a consensus rating of “Buy” and an average price target of $18.50.

PBR traded down $0.07 during midday trading on Friday, hitting $15.40. The company had a trading volume of 11,567,101 shares, compared to its average volume of 16,612,914. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $99.98 billion, a PE ratio of 10.77 and a beta of 1.51. PETROLEO BRASIL/ADR has a twelve month low of $9.02 and a twelve month high of $17.90.

The firm also recently declared a special dividend, which will be paid on Monday, July 15th. Stockholders of record on Thursday, May 23rd will be given a dividend of $0.0509 per share. This is a boost from PETROLEO BRASIL/ADR’s previous special dividend of $0.03. The ex-dividend date is Wednesday, May 22nd. PETROLEO BRASIL/ADR’s payout ratio is currently 10.49%.

Large investors have recently modified their holdings of the company. Lindbrook Capital LLC grew its holdings in PETROLEO BRASIL/ADR by 72.2% during the first quarter. Lindbrook Capital LLC now owns 1,691 shares of the oil and gas exploration company’s stock valued at $26,000 after purchasing an additional 709 shares during the period. Gould Asset Management LLC CA grew its holdings in PETROLEO BRASIL/ADR by 17.1% during the first quarter. Gould Asset Management LLC CA now owns 12,250 shares of the oil and gas exploration company’s stock valued at $195,000 after purchasing an additional 1,785 shares during the period. Wetherby Asset Management Inc. grew its holdings in PETROLEO BRASIL/ADR by 6.8% during the first quarter. Wetherby Asset Management Inc. now owns 39,940 shares of the oil and gas exploration company’s stock valued at $636,000 after purchasing an additional 2,532 shares during the period. Advisory Services Network LLC grew its holdings in PETROLEO BRASIL/ADR by 190.4% during the first quarter. Advisory Services Network LLC now owns 4,951 shares of the oil and gas exploration company’s stock valued at $79,000 after purchasing an additional 3,246 shares during the period. Finally, AGF Investments Inc. grew its holdings in PETROLEO BRASIL/ADR by 4.0% during the first quarter. AGF Investments Inc. now owns 95,299 shares of the oil and gas exploration company’s stock valued at $1,517,000 after purchasing an additional 3,663 shares during the period. Institutional investors own 7.24% of the company’s stock.

PETROLEO BRASIL/ADR Company Profile

PetrĂ³leo Brasileiro SA – Petrobras operates in the oil, natural gas, and energy industries in Brazil and internationally. It engages in prospecting, drilling, refining, processing, trading, and transporting crude oil from producing onshore and offshore oil fields and shale or other rocks, as well as oil products, natural gas, and other liquid hydrocarbons.

Read More: Why does a company issue an IPO?

Get a free copy of the Zacks research report on PETROLEO BRASIL/ADR (PBR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for PETROLEO BRASIL/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PETROLEO BRASIL/ADR and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

$1.50 Earnings Per Share Expected for Crown Holdings, Inc.  This Quarter
$1.50 Earnings Per Share Expected for Crown Holdings, Inc. This Quarter
T-Mobile Us Inc  Receives Consensus Recommendation of “Buy” from Brokerages
T-Mobile Us Inc Receives Consensus Recommendation of “Buy” from Brokerages
Gol Linhas Aereas Inteligentes SA  to Issue … Dividend of $0.00 on  June 28th
Gol Linhas Aereas Inteligentes SA to Issue … Dividend of $0.00 on June 28th
Enanta Pharmaceuticals Inc  Receives Average Rating of “Buy” from Brokerages
Enanta Pharmaceuticals Inc Receives Average Rating of “Buy” from Brokerages
China Unicom  Limited  Receives Average Recommendation of “Buy” from Brokerages
China Unicom Limited Receives Average Recommendation of “Buy” from Brokerages
$0.93 EPS Expected for CGI Inc  This Quarter
$0.93 EPS Expected for CGI Inc This Quarter


© 2006-2019 Ticker Report