Weatherford International (NASDAQ:WFRD – Get Free Report) posted its earnings results on Tuesday. The company reported $1.66 EPS for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.08), Briefing.com reports. Weatherford International had a net margin of 9.19% and a return on equity of 49.69%. The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period last year, the business earned $1.12 earnings per share. The company’s quarterly revenue was up 10.3% on a year-over-year basis.
Weatherford International Stock Down 3.1 %
Shares of NASDAQ WFRD opened at $117.76 on Friday. The stock has a market capitalization of $8.61 billion, a price-to-earnings ratio of 19.06, a price-to-earnings-growth ratio of 0.81 and a beta of 0.64. Weatherford International has a 52 week low of $78.53 and a 52 week high of $135.00. The firm has a 50-day moving average price of $120.56 and a 200 day moving average price of $113.03. The company has a quick ratio of 1.37, a current ratio of 2.88 and a debt-to-equity ratio of 1.31.
Weatherford International Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Tuesday, August 13th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, August 13th. This represents a $1.00 annualized dividend and a dividend yield of 0.85%.
Analyst Ratings Changes
Read Our Latest Stock Report on WFRD
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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