Rowan Companies PLC (NYSE:RDC) released its earnings data on Tuesday. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by $0.01, American Banking and Market News reports. The company had revenue of $382.80 million for the quarter, compared to the consensus estimate of $382.90 million. During the same quarter in the previous year, the company posted $0.21 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis.
Rowan Companies PLC (NYSE:RDC) opened at 36.31 on Tuesday. Rowan Companies PLC has a one year low of $30.05 and a one year high of $38.65. The stock has a 50-day moving average of $36.82 and a 200-day moving average of $35.2. The company has a market cap of $4.510 billion and a P/E ratio of 19.45.
A number of analysts have recently weighed in on RDC shares. Analysts at BMO Capital Markets downgraded shares of Rowan Companies PLC from a “market perform” rating to an “underperform” rating in a research note to investors on Wednesday, October 16th. On a related note, analysts at Societe Generale upgraded shares of Rowan Companies PLC from a “hold” rating to a “buy” rating in a research note to investors on Friday, October 11th. They now have a $42.00 price target on the stock, up previously from $40.00. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Rowan Companies PLC in a research note to investors on Friday, September 27th. They now have a $43.00 price target on the stock, up previously from $42.00. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $41.26.
Rowan Companies plc, formerly Rowan Companies, Inc, is a provider of international and domestic offshore contract drilling services.
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