Weatherford International (WFRD) Expected to Announce Earnings on Tuesday

Weatherford International (NASDAQ:WFRD - Get Free Report) is projected to release its earnings data after the market closes on Tuesday, April 22nd. Analysts expect Weatherford International to post earnings of $0.93 per share and revenue of $1.21 billion for the quarter. Individual interested in listening to the company's earnings conference call can do so using this link.

Weatherford International (NASDAQ:WFRD - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $1.50 EPS for the quarter, missing analysts' consensus estimates of $1.80 by ($0.30). Weatherford International had a return on equity of 40.65% and a net margin of 9.18%. On average, analysts expect Weatherford International to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Weatherford International Stock Performance

Weatherford International stock traded up $2.40 during midday trading on Friday, reaching $46.68. 1,332,522 shares of the company traded hands, compared to its average volume of 1,085,321. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.01 and a quick ratio of 1.49. Weatherford International has a 12 month low of $36.74 and a 12 month high of $135.00. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of 6.95, a price-to-earnings-growth ratio of 1.65 and a beta of 0.70. The business has a 50 day moving average of $54.43 and a two-hundred day moving average of $69.65.

Weatherford International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Friday, February 21st were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.14%. Weatherford International's dividend payout ratio (DPR) is currently 14.88%.

Analyst Ratings Changes

A number of research firms have weighed in on WFRD. Raymond James lowered their target price on Weatherford International from $97.00 to $73.00 and set a "strong-buy" rating on the stock in a report on Monday, April 14th. Citigroup reduced their price target on shares of Weatherford International from $110.00 to $95.00 and set a "buy" rating for the company in a research report on Friday, December 20th. Piper Sandler dropped their price objective on shares of Weatherford International from $87.00 to $82.00 and set a "neutral" rating on the stock in a report on Monday, February 10th. Benchmark reduced their target price on shares of Weatherford International from $140.00 to $125.00 and set a "buy" rating for the company in a report on Friday, February 7th. Finally, Barclays dropped their price target on shares of Weatherford International from $92.00 to $85.00 and set an "overweight" rating on the stock in a research note on Monday, March 31st. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $103.75.

Insiders Place Their Bets

In other Weatherford International news, CAO Desmond J. Mills sold 19,425 shares of the business's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $67.51, for a total value of $1,311,381.75. Following the sale, the chief accounting officer now owns 17,899 shares in the company, valued at $1,208,361.49. The trade was a 52.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Arunava Mitra sold 10,000 shares of the firm's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $67.57, for a total value of $675,700.00. Following the transaction, the chief financial officer now owns 21,072 shares of the company's stock, valued at approximately $1,423,835.04. The trade was a 32.18 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 87,930 shares of company stock worth $5,861,718. Corporate insiders own 1.60% of the company's stock.

About Weatherford International

Weatherford International plc, an energy services company, provides equipment and services for the drilling, evaluation, completion, production, and intervention of oil, geothermal, and natural gas wells worldwide. The company operates through three segments: Drilling and Evaluation; Well Construction and Completions; and Production and Intervention.