Seadrill on the Street: Analyst Recommendations after the 1Q17 Results
According to data compiled by Thomas Reuters, Seadrill (SDRL) has a consensus rating of 3.5, which means a “hold.”
Seadrill (SDRL) has a total interest-bearing debt of $9.3 billion. Of this total, $3.3 billion is short-term debt, and the remaining $5.9 billion is long-term debt.
In 1Q17, Seadrill’s (SDRL) EBITDA fell to $291 million, as compared to $354 million in 4Q16 and $528 million in 1Q16.
From 4Q16 and 1Q17, Seadrill’s (SDRL) vessel operating expenses fell $23 million to $211 million—a 10% fall.
On May 24, 2017, Seadrill (SDRL) had a backlog of $3.4 billion, which is higher than its backlog of $2.5 billion on February 28.
In 1Q17, almost 65% of Seadrill’s (SDRL) total revenues came from its floater segment, whose 1Q17 revenue was $89 million lower than in 4Q16.
In 1Q17, Seadrill’s (SDRL) revenue was $569 million—nearly 14.6% lower than its revenue of $667 million in 4Q16.
Until an increased consistency can be seen in an upward trend of oil prices, many oil companies will likely remain focused on conserving cash.
In the pre-market session on May 24, Seadrill’s share price rose 15%. But after the conference call the same day, investor enthusiasm flagged.
PVH Corporation (PVH), which reported its 1Q17 results on May 24, 2017, saw its earnings rise 10% YoY (year-over-year) to $1.65 per share.
Calvin Klein accounted for 38% of PVH Corporation’s (PVH) 1Q17 top line. The business grew 4.5% YoY (year-over-year) during the quarter after falling 1.4% in 4Q16.
Tommy Hilfiger is PVH Corporation’s (PVH) largest business. It accounted for 42% of the company’s 1Q17 sales.
The company, which owns the iconic Tommy Hilfiger and Calvin Klein brands, recorded a 3.7% YoY (year-over-year) rise in its top line to $2.0 billion.
Phillips-Van Heusen Corporation (PVH) reported its 1Q17 results after the market closed on May 25, 2017. The company delivered beats on its top and bottom lines.
Best Buy’s valuation multiple rose 16.5% on May 25 in reaction to its fiscal 1Q18 results and a better outlook.
As of May 25, 16 of the 27 (59%) analysts covering BBY had a “hold” recommendation on the stock. Eight analysts had a “buy” recommendation.
Best Buy’s (BBY) gross and operating margins contracted in fiscal 1Q18 (ended on April 29, 2017), despite the company’s higher revenues.
Best Buy’s (BBY) delivered EPS of $0.60 in fiscal 1Q18 (ended April 29, 2017), beating the consensus Wall Street earnings estimate of $0.40.
Best Buy (BBY) generated revenue of $8.5 billion in fiscal 1Q18 (ended April 29, 2017), beating the consensus analysts’ revenue estimate of $8.3 billion.
Best Buy’s (BBY) stock surged 21.5% on May 25 in reaction to the company’s strong fiscal 1Q18 results and upgraded outlook.