Shell (SHEL) Expected to Announce Quarterly Earnings on Thursday

Shell (NYSE:SHEL - Get Free Report) is expected to be posting its quarterly earnings results before the market opens on Thursday, January 30th. Analysts expect Shell to post earnings of $1.74 per share and revenue of $65.02 billion for the quarter. Individual interested in listening to the company's earnings conference call can do so using this link.

Shell (NYSE:SHEL - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The energy company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.20. Shell had a net margin of 5.17% and a return on equity of 14.54%. The business had revenue of $72.46 billion during the quarter, compared to the consensus estimate of $84.58 billion. During the same period in the previous year, the firm posted $1.86 earnings per share. On average, analysts expect Shell to post $8 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Shell Trading Down 0.8 %

Shares of NYSE SHEL traded down $0.53 during midday trading on Tuesday, reaching $64.61. The company had a trading volume of 3,774,580 shares, compared to its average volume of 4,283,475. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. The firm's fifty day moving average price is $64.19 and its 200-day moving average price is $67.44. The stock has a market cap of $197.53 billion, a PE ratio of 13.29, a price-to-earnings-growth ratio of 5.89 and a beta of 0.55. Shell has a one year low of $60.15 and a one year high of $74.61.

Shell Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 15th were issued a $0.688 dividend. This represents a $2.75 annualized dividend and a dividend yield of 4.26%. The ex-dividend date was Friday, November 15th. Shell's dividend payout ratio is 56.58%.

Analysts Set New Price Targets

SHEL has been the topic of a number of analyst reports. Citigroup upgraded shares of Shell to a "hold" rating in a research report on Wednesday, October 2nd. Scotiabank reduced their price target on Shell from $90.00 to $80.00 and set a "sector outperform" rating on the stock in a report on Thursday, October 10th. Wolfe Research upgraded Shell from a "peer perform" rating to an "outperform" rating and set a $80.00 price objective on the stock in a research report on Friday, January 3rd. Wells Fargo & Company dropped their price target on Shell from $87.00 to $86.00 and set an "overweight" rating for the company in a research note on Friday, January 10th. Finally, Piper Sandler decreased their price objective on shares of Shell from $82.00 to $72.00 and set an "overweight" rating for the company in a report on Thursday, December 19th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $79.69.

About Shell

Shell plc operates as an energy and petrochemical company Europe, Asia, Oceania, Africa, the United States, and Rest of the Americas. The company operates through Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions segments. It explores for and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure to deliver gas to market.