Weatherford International (NASDAQ:WFRD – Get Free Report) announced its earnings results on Tuesday. The company reported $1.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.08), Briefing.com reports. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.42 billion. Weatherford International had a net margin of 9.19% and a return on equity of 53.86%. The company’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.12 earnings per share.
Weatherford International Stock Down 3.1 %
NASDAQ:WFRD traded down $3.79 during midday trading on Thursday, hitting $117.76. 2,084,198 shares of the company were exchanged, compared to its average volume of 870,372. Weatherford International has a fifty-two week low of $78.53 and a fifty-two week high of $135.00. The company has a market capitalization of $8.61 billion, a PE ratio of 19.61, a price-to-earnings-growth ratio of 0.89 and a beta of 0.64. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 1.48. The company has a fifty day simple moving average of $120.66 and a 200 day simple moving average of $112.99.
Weatherford International Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Tuesday, August 13th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend is Tuesday, August 13th.
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on Weatherford International
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.
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