Helmerich & Payne, Inc. (NYSE:HP) Expected to Post Quarterly Sales of $287.88 Million


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Equities analysts forecast that Helmerich & Payne, Inc. (NYSE:HP) will announce sales of $287.88 million for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Helmerich & Payne’s earnings. The lowest sales estimate is $274.00 million and the highest is $316.80 million. Helmerich & Payne posted sales of $633.64 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 54.6%. The business is expected to announce its next earnings report after the market closes on Thursday, April 29th.

According to Zacks, analysts expect that Helmerich & Payne will report full year sales of $1.18 billion for the current fiscal year, with estimates ranging from $1.09 billion to $1.32 billion. For the next year, analysts forecast that the business will post sales of $1.53 billion, with estimates ranging from $1.36 billion to $1.73 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Helmerich & Payne.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings data on Monday, February 8th. The oil and gas company reported ($0.82) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.79) by ($0.03). Helmerich & Payne had a negative return on equity of 2.80% and a negative net margin of 27.88%. The firm had revenue of $246.38 million during the quarter, compared to analyst estimates of $241.45 million. During the same period last year, the business earned $0.13 EPS.

HP has been the topic of a number of analyst reports. Atb Cap Markets raised shares of Helmerich & Payne from a “sector perform” rating to an “outperform” rating in a report on Monday. Cowen increased their price objective on shares of Helmerich & Payne from $5.00 to $12.00 and gave the stock a “market perform” rating in a report on Tuesday, February 16th. Piper Sandler lowered shares of Helmerich & Payne from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $25.00 to $24.00 in a research report on Thursday, February 11th. Wolfe Research lowered shares of Helmerich & Payne from a “peer perform” rating to an “underperform” rating in a research report on Monday, January 11th. Finally, Susquehanna increased their target price on shares of Helmerich & Payne from $30.00 to $35.00 and gave the company a “positive” rating in a research report on Thursday, February 11th. Six investment analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $22.58.

Large investors have recently bought and sold shares of the company. Kinloch Capital LLC bought a new position in shares of Helmerich & Payne during the 4th quarter valued at about $26,000. Inspire Advisors LLC acquired a new position in shares of Helmerich & Payne in the fourth quarter worth about $28,000. Parkside Financial Bank & Trust boosted its holdings in shares of Helmerich & Payne by 1,193.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,578 shares of the oil and gas company’s stock worth $37,000 after buying an additional 1,456 shares during the period. Edge Wealth Management LLC acquired a new position in shares of Helmerich & Payne in the fourth quarter worth about $46,000. Finally, Veriti Management LLC acquired a new position in shares of Helmerich & Payne in the fourth quarter worth about $144,000. Institutional investors own 88.06% of the company’s stock.

HP stock opened at $27.53 on Thursday. The company has a quick ratio of 3.92, a current ratio of 4.40 and a debt-to-equity ratio of 0.14. Helmerich & Payne has a fifty-two week low of $12.87 and a fifty-two week high of $33.70. The firm’s 50-day simple moving average is $29.36 and its 200 day simple moving average is $23.09. The stock has a market cap of $2.97 billion, a PE ratio of -6.00 and a beta of 2.25.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 1st. Stockholders of record on Monday, May 17th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, May 14th. This represents a $1.00 annualized dividend and a dividend yield of 3.63%. Helmerich & Payne’s dividend payout ratio (DPR) is -116.28%.

About Helmerich & Payne

Founded in 1920, Helmerich & Payne, Inc (H&P) (NYSE: HP) is committed to delivering industry leading levels of drilling productivity and reliability. H&P operates with the highest level of integrity, safety and innovation to deliver superior results for its customers and returns for shareholders.

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Earnings History and Estimates for Helmerich & Payne (NYSE:HP)

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