Brokerages forecast that Helmerich & Payne, Inc. (NYSE:HP) will post $561.83 million in sales for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have made estimates for Helmerich & Payne’s earnings, with the lowest sales estimate coming in at $524.50 million and the highest estimate coming in at $594.00 million. Helmerich & Payne posted sales of $405.28 million in the same quarter last year, which suggests a positive year over year growth rate of 38.6%. The business is scheduled to issue its next earnings report on Thursday, April 26th.
On average, analysts expect that Helmerich & Payne will report full-year sales of $561.83 million for the current year, with estimates ranging from $2.13 billion to $2.38 billion. For the next year, analysts forecast that the business will report sales of $2.59 billion per share, with estimates ranging from $2.21 billion to $2.92 billion. Zacks’ sales calculations are an average based on a survey of analysts that cover Helmerich & Payne.
Helmerich & Payne (NYSE:HP) last issued its quarterly earnings data on Thursday, January 25th. The oil and gas company reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.14. Helmerich & Payne had a net margin of 20.30% and a negative return on equity of 1.90%. The business had revenue of $564.10 million during the quarter, compared to analysts’ expectations of $547.64 million. During the same period in the previous year, the company earned ($0.33) earnings per share. Helmerich & Payne’s revenue for the quarter was up 53.0% on a year-over-year basis.
Shares of Helmerich & Payne (NYSE:HP) traded down $1.08 during trading on Friday, hitting $65.81. 1,370,000 shares of the stock were exchanged, compared to its average volume of 1,770,000. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.28 and a quick ratio of 2.89. Helmerich & Payne has a twelve month low of $42.16 and a twelve month high of $75.02. The firm has a market capitalization of $7,160.00, a PE ratio of 7.96 and a beta of 1.31.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Friday, May 18th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.25%. The ex-dividend date is Thursday, May 17th. Helmerich & Payne’s dividend payout ratio (DPR) is presently 33.86%.
In other Helmerich & Payne news, Director Chapman Paula Marshall sold 4,122 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $71.40, for a total value of $294,310.80. Following the sale, the director now owns 16,647 shares of the company’s stock, valued at approximately $1,188,595.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 4.10% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Sandy Spring Bank increased its holdings in Helmerich & Payne by 36.7% in the 3rd 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. Private Advisor Group LLC bought a new stake in Helmerich & Payne in the 3rd quarter valued at $206,000. McCollum Christoferson Group LLC bought a new stake in Helmerich & Payne in the 4th quarter valued at $209,000. IFM Investors Pty Ltd bought a new stake in Helmerich & Payne in the 4th quarter valued at $215,000. Finally, Eads & Heald Investment Counsel bought a new stake in Helmerich & Payne in the 4th quarter valued at $216,000.
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About Helmerich & Payne
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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