Dril-Quip, Inc. (DRQ) Set to Announce Quarterly Earnings on Wednesday

Dril-Quip, Inc. (NYSE:DRQ) will be issuing its quarterly earnings data before the market opens on Wednesday, October 25th. Analysts expect the company to announce earnings of $0.03 per share for the quarter.

Dril-Quip (NYSE:DRQ) last posted its earnings results on Friday, July 28th. The oil and gas company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.03 by $0.06. The firm had revenue of $127.90 million during the quarter, compared to the consensus estimate of $112.12 million. Dril-Quip had a return on equity of 2.12% and a net margin of 4.28%. The business’s quarterly revenue was down 10.2% on a year-over-year basis. During the same period last year, the company earned $0.96 earnings per share. On average, analysts expect Dril-Quip to post $0.06 EPS for the current fiscal year and $0.13 EPS for the next fiscal year.

Dril-Quip, Inc. (NYSE:DRQ) opened at 42.35 on Wednesday. The company has a market capitalization of $1.60 billion, a P/E ratio of 78.72 and a beta of 0.70. Dril-Quip, Inc. has a 52-week low of $35.85 and a 52-week high of $69.40. The firm has a 50-day moving average price of $42.14 and a 200 day moving average price of $47.35.

In related news, VP James C. Webster sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $43.49, for a total value of $86,980.00. Following the sale, the vice president now owns 24,104 shares in the company, valued at approximately $1,048,282.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.87% of the stock is currently owned by corporate insiders.

DRQ has been the subject of a number of recent research reports. BidaskClub lowered Dril-Quip from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Piper Jaffray Companies set a $43.00 price target on Dril-Quip and gave the company a “hold” rating in a research report on Saturday, July 29th. Scotiabank set a $61.00 price target on Dril-Quip and gave the company a “hold” rating in a research report on Monday, July 31st. Cowen and Company lowered their price target on Dril-Quip from $55.00 to $43.00 and set a “market perform” rating for the company in a research report on Monday, July 31st. Finally, FBR & Co raised Dril-Quip from a “neutral” rating to a “buy” rating and upped their price target for the company from $49.00 to $55.00 in a research report on Tuesday, October 10th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $53.86.

TRADEMARK VIOLATION WARNING: This story was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another website, it was illegally stolen and republished in violation of United States & international trademark and copyright law. The legal version of this story can be accessed at https://ledgergazette.com/2017/10/18/dril-quip-inc-drq-set-to-announce-quarterly-earnings-on-wednesday.html.

Dril-Quip Company Profile

Dril-Quip, Inc (Dril-Quip) designs, manufactures, sells and services engineered drilling and production equipment. The Company’s operations are organized into three geographic segments: Western Hemisphere, including North and South America, he

Dril-Quip (NYSE:DRQ) last posted its earnings results on Friday, July 28th. The oil and gas company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.03 by $0.06. The firm had revenue of $127.90 million during the quarter, compared to the consensus estimate of $112.12 million. Dril-Quip had a return on equity of 2.12% and a net margin of 4.28%. The business’s quarterly revenue was down 10.2% on a year-over-year basis. During the same period last year, the company earned $0.96 earnings per share. On average, analysts expect Dril-Quip to post $0.06 EPS for the current fiscal year and $0.13 EPS for the next fiscal year.

Dril-Quip, Inc. (NYSE:DRQ) opened at 42.35 on Wednesday. The company has a market capitalization of $1.60 billion, a P/E ratio of 78.72 and a beta of 0.70. Dril-Quip, Inc. has a 52-week low of $35.85 and a 52-week high of $69.40. The firm has a 50-day moving average price of $42.14 and a 200 day moving average price of $47.35.

In related news, VP James C. Webster sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $43.49, for a total value of $86,980.00. Following the sale, the vice president now owns 24,104 shares in the company, valued at approximately $1,048,282.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.87% of the stock is currently owned by corporate insiders.

DRQ has been the subject of a number of recent research reports. BidaskClub lowered Dril-Quip from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Piper Jaffray Companies set a $43.00 price target on Dril-Quip and gave the company a “hold” rating in a research report on Saturday, July 29th. Scotiabank set a $61.00 price target on Dril-Quip and gave the company a “hold” rating in a research report on Monday, July 31st. Cowen and Company lowered their price target on Dril-Quip from $55.00 to $43.00 and set a “market perform” rating for the company in a research report on Monday, July 31st. Finally, FBR & Co raised Dril-Quip from a “neutral” rating to a “buy” rating and upped their price target for the company from $49.00 to $55.00 in a research report on Tuesday, October 10th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $53.86.

TRADEMARK VIOLATION WARNING: This story was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another website, it was illegally stolen and republished in violation of United States & international trademark and copyright law. The legal version of this story can be accessed at https://ledgergazette.com/2017/10/18/dril-quip-inc-drq-set-to-announce-quarterly-earnings-on-wednesday.html.

Dril-Quip Company Profile

Dril-Quip, Inc (Dril-Quip) designs, manufactures, sells and services engineered drilling and production equipment. The Company’s operations are organized into three geographic segments: Western Hemisphere, including North and South America, headquartered in Houston, Texas; Eastern Hemisphere, including Europe and Africa, headquartered in Aberdeen, Scotland, and Asia-Pacific, including the Pacific Rim, Southeast Asia, Australia, India and the Middle East, headquartered in Singapore.

Earnings History for Dril-Quip (NYSE:DRQ)

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