Brokerages expect that Helmerich & Payne, Inc. (NYSE:HP) will report sales of $556.11 million for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Helmerich & Payne’s earnings, with the lowest sales estimate coming in at $524.50 million and the highest estimate coming in at $570.50 million. Helmerich & Payne reported sales of $405.28 million during the same quarter last year, which indicates a positive year-over-year growth rate of 37.2%. The company is expected to report its next quarterly earnings results on Thursday, April 26th.
On average, analysts expect that Helmerich & Payne will report full-year sales of $556.11 million for the current fiscal year, with estimates ranging from $1.97 billion to $2.38 billion. For the next year, analysts anticipate that the company will post sales of $2.50 billion per share, with estimates ranging from $2.21 billion to $2.79 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Helmerich & Payne.
Helmerich & Payne (NYSE:HP) last posted its quarterly earnings results on Thursday, January 25th. The oil and gas company reported ($0.02) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.14. The business had revenue of $564.10 million for the quarter, compared to analysts’ expectations of $547.64 million. Helmerich & Payne had a negative return on equity of 1.90% and a net margin of 20.30%. The business’s quarterly revenue was up 53.0% on a year-over-year basis. During the same period last year, the firm earned ($0.33) earnings per share.
In related news, Director Chapman Paula Marshall sold 4,122 shares of Helmerich & Payne stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $71.40, for a total value of $294,310.80. Following the completion of the transaction, the director now owns 16,647 shares in the company, valued at $1,188,595.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 4.10% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Thrivent Financial For Lutherans boosted its position in shares of Helmerich & Payne by 3.2% during the second quarter. Thrivent Financial For Lutherans now owns 4,140 shares of the oil and gas company’s stock valued at $225,000 after buying an additional 130 shares during the period. Eqis Capital Management Inc. boosted its position in shares of Helmerich & Payne by 12.9% during the fourth quarter. Eqis Capital Management Inc. now owns 6,096 shares of the oil and gas company’s stock valued at $394,000 after buying an additional 695 shares during the period. Systematic Financial Management LP boosted its position in shares of Helmerich & Payne by 0.6% during the fourth quarter. Systematic Financial Management LP now owns 146,540 shares of the oil and gas company’s stock valued at $9,472,000 after buying an additional 841 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in shares of Helmerich & Payne by 0.5% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 165,214 shares of the oil and gas company’s stock valued at $10,681,000 after buying an additional 891 shares during the period. Finally, Sandy Spring Bank boosted its position in shares of Helmerich & Payne by 36.7% during the third quarter. Sandy Spring Bank now owns 3,540 shares of the oil and gas company’s stock valued at $184,000 after buying an additional 950 shares during the period.
Shares of Helmerich & Payne (NYSE:HP) opened at $65.46 on Tuesday. The company has a quick ratio of 2.89, a current ratio of 3.28 and a debt-to-equity ratio of 0.11. Helmerich & Payne has a twelve month low of $42.16 and a twelve month high of $75.02.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Monday, February 12th will be given a $0.70 dividend. The ex-dividend date of this dividend is Friday, February 9th. This represents a $2.80 annualized dividend and a yield of 4.28%. Helmerich & Payne’s dividend payout ratio is currently 76.09%.
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.
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