Noble Corporation PLC (NYSE:NE – Get Free Report) announced a quarterly dividend on Monday, October 26th. Shareholders of record on Wednesday, November 25th will be given a dividend of $0.50 per share on Thursday, December 17th. This represents a $2.00 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Wednesday, November 25th.
Noble has a payout ratio of 71.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Noble to earn $1.97 per share next year, which means the company may not be able to cover its $2.00 annual dividend with an expected future payout ratio of 101.5%.
Noble Stock Up 0.7%
NE stock opened at $48.02 on Tuesday. Noble has a fifty-two week low of $27.67 and a fifty-two week high of $54.98. The company has a market capitalization of $7.67 billion, a price-to-earnings ratio of 51.63 and a beta of 1.00. The business’s 50 day moving average price is $44.41 and its two-hundred day moving average price is $43.96. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.91 and a current ratio of 1.91.
Noble (NYSE:NE – Get Free Report) last released its earnings results on Monday, October 26th. The company reported ($0.57) EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.80). Noble had a net margin of 4.88% and a return on equity of 1.93%. The firm had revenue of $728.76 million during the quarter, compared to analysts’ expectations of $713.82 million. During the same quarter in the previous year, the business earned ($0.13) EPS. The company’s revenue for the quarter was down 8.6% compared to the same quarter last year. As a group, analysts forecast that Noble will post 0.47 earnings per share for the current fiscal year.
Noble Company Profile
Noble Corporation plc (NYSE: NE) is an offshore drilling contractor that provides drilling services to the global oil and gas industry. The company operates a fleet of offshore drilling units, including drillships, semisubmersible rigs and jackup rigs, which are used to explore for and develop oil and natural gas reserves beneath the seabed.
Noble’s services include contract drilling, well planning, project management and other related support services. Its drilling units are designed to operate in a range of offshore environments, including deepwater and harsh-environment locations.
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