Valaris (VAL) Expected to Announce Quarterly Earnings on Thursday

Valaris (NYSE:VAL - Get Free Report) is projected to post its Q1 2025 quarterly earnings results before the market opens on Thursday, May 1st. Analysts expect the company to announce earnings of $1.10 per share and revenue of $582.87 million for the quarter.

Valaris (NYSE:VAL - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The company reported $1.88 EPS for the quarter, beating analysts' consensus estimates of $1.20 by $0.68. The business had revenue of $584.40 million during the quarter, compared to analysts' expectations of $578.01 million. Valaris had a net margin of 15.81% and a return on equity of 17.40%. On average, analysts expect Valaris to post $4 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Valaris Stock Performance

Shares of VAL stock opened at $30.90 on Thursday. The company has a market capitalization of $2.19 billion, a P/E ratio of 6.01 and a beta of 1.06. Valaris has a 52 week low of $27.15 and a 52 week high of $84.20. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.61 and a current ratio of 1.59. The company's 50 day moving average price is $36.27 and its two-hundred day moving average price is $43.51.

Analysts Set New Price Targets

Several research firms have issued reports on VAL. Susquehanna dropped their price target on Valaris from $47.00 to $34.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Evercore ISI downgraded shares of Valaris from an "outperform" rating to an "in-line" rating and lowered their price objective for the company from $87.00 to $59.00 in a report on Wednesday, January 15th. Barclays reduced their target price on shares of Valaris from $46.00 to $35.00 and set an "equal weight" rating for the company in a report on Monday, April 7th. StockNews.com raised shares of Valaris to a "sell" rating in a research report on Thursday, February 20th. Finally, Citigroup decreased their price objective on Valaris from $48.00 to $44.00 and set a "neutral" rating for the company in a report on Wednesday, March 19th. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat.com, Valaris has an average rating of "Hold" and a consensus price target of $50.33.

About Valaris

Valaris Limited, together with its subsidiaries, provides offshore contract drilling services Gulf of Mexico, South America, North Sea, the Middle East, Africa, and the Asia Pacific. The company operates through four segments: Floaters, Jackups, ARO, and Other. It owns an offshore drilling rig fleet, which include drillships, dynamically positioned semisubmersible rigs, moored semisubmersible rig, and jackup rigs.

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