Valaris (VAL) Projected to Post Earnings on Thursday

Valaris (NYSE:VAL - Get Free Report) is expected to issue its Q1 2025 quarterly earnings data before the market opens on Thursday, May 1st. Analysts expect Valaris to post earnings of $1.10 per share and revenue of $582.87 million for the quarter.

Valaris (NYSE:VAL - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $1.88 EPS for the quarter, topping analysts' consensus estimates of $1.20 by $0.68. The business had revenue of $584.40 million for the quarter, compared to analysts' expectations of $578.01 million. Valaris had a return on equity of 17.40% and a net margin of 15.81%. On average, analysts expect Valaris to post $4 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Valaris Stock Performance

VAL traded up $0.76 during trading on Tuesday, hitting $33.41. 519,668 shares of the stock were exchanged, compared to its average volume of 1,481,903. The firm has a market capitalization of $2.37 billion, a P/E ratio of 6.48 and a beta of 1.06. Valaris has a 1-year low of $27.15 and a 1-year high of $84.20. The stock has a fifty day moving average price of $35.59 and a two-hundred day moving average price of $42.93. The company has a quick ratio of 1.61, a current ratio of 1.59 and a debt-to-equity ratio of 0.48.

Wall Street Analysts Forecast Growth

VAL has been the subject of several analyst reports. Citigroup cut their price target on Valaris from $48.00 to $44.00 and set a "neutral" rating for the company in a research note on Wednesday, March 19th. StockNews.com upgraded shares of Valaris to a "sell" rating in a research report on Thursday, February 20th. Susquehanna dropped their target price on Valaris from $47.00 to $34.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Barclays cut their target price on Valaris from $46.00 to $35.00 and set an "equal weight" rating for the company in a research note on Monday, April 7th. Finally, Evercore ISI lowered Valaris from an "outperform" rating to an "in-line" rating and dropped their price objective for the stock from $87.00 to $59.00 in a report on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $50.33.

About Valaris

Valaris Limited, together with its subsidiaries, provides offshore contract drilling services Gulf of Mexico, South America, North Sea, the Middle East, Africa, and the Asia Pacific. The company operates through four segments: Floaters, Jackups, ARO, and Other. It owns an offshore drilling rig fleet, which include drillships, dynamically positioned semisubmersible rigs, moored semisubmersible rig, and jackup rigs.