LONDON, January 23, 2015 /PRNewswire/ --
Investor-Edge.com has issued free post-earnings briefing on Schlumberger Ltd (NYSE: SLB). On January 15, 2015, the company reported its Q4 FY14 and full-year FY14 financial results (period ended December 31, 2014). Click on http://get.Investor-Edge.com/pdf/?c=Schlumberger&d=23-Jan-2015&s=SLB to read our free earnings review on Schlumberger Limited (Schlumberger). During Q4 FY14, the company's revenue improved 6% Y-o-Y. Further, Schlumberger's diluted EPS from continuing operations, excluding charges and credits in Q4 FY14 and FY14 grew 11% Y-o-Y and 17% Y-o-Y, respectively. CEO of Schlumberger, Paal Kibsgaard, said that in FY14, the company's revenue increased 7% year-on-year and grew for the fifth consecutive year. Performance was driven by North America where revenue grew 16%, while International Area growth of 4% was led by a 10% increase in Middle East & Asia Area revenue, he added. Our free coverage report can be accessed at:
During Q4 FY14, Schlumberger's revenue increased to $12.64 billion from $11.91 billion in Q4 FY13. The company's reported quarter revenue missed Bloomberg analysts' forecast of $12.69 billion. In Q4 FY14, Schlumberger's revenue from North America areas increased 19% Y-o-Y to $4.32 billion, while the company recorded International revenues of $8.21 billion, up 1% Y-o-Y. The free research on SLB can be downloaded as in PDF format at:
In Q4 FY14, Schlumberger's pretax operating margin improved 13 basis points (bps) Y-o-Y to 22.0%. For the quarter, Schlumberger's income from continuing operations, excluding charges and credits stood at $1.94 billion, or $1.50 per diluted share, compared with $1.79 billion, or $1.35 per diluted share, in Q4 FY13. Bloomberg's analysts had expected the company to report income from continuing operations, excluding charges and credits of $1.92 billion, or $1.46 per diluted share, in Q4 FY14.
Schlumberger repurchased 12.1 million shares of its common stock at an average price of $90.22 per share for a total purchase price of $1.1 billion, during Q4 FY14.
Schlumberger's revenue in FY14 of $48.58 billion came above FY13 revenues of $45.27. However, it missed Bloomberg analysts' expectation of $48.61 billion. In FY14, Schlumberger's revenue from North America increased to $16.15 billion from $13.90 billion in FY13. The company's International revenue improved from $30.93 billion in FY13 to $32.09 billion in FY14. Sign up and read the free analyst's notes on SLB at:
During FY14, Schlumberger's pretax operating margin improved 113 bps Y-o-Y to 21.8%. In FY14, the company's income from continuing operations, excluding charges and credits, stood at $7.28 billion, or $5.57 per diluted share, compared with $6.33 billion, or $4.75 per diluted share, in FY13. Bloomberg's analysts had expected the company to report income from continuing operations, excluding charges and credits, of $7.24 billion, or $5.53 per diluted share, in FY14.
Mr. Kibsgaard stated that the strength of Q4 FY14 results demonstrated the resiliency of Schlumberger's business portfolio in the face of activity challenges in 2014 in Brazil, Mexico, and China; reduced spending in deepwater, exploration and seismic activity; unrest in Libya and Iraq; international sanctions in Russia; and the accelerating fall in the price of oil toward the end of the year.
On January 15, 2015, Schlumberger's Board of Directors approved a 25% increase in the quarterly dividend from $0.40 per share of outstanding common stock to $0.50 per share, beginning with the dividend payable on April 10, 2015 to stockholders of record on February 11, 2015. Visit Investor-Edge and access the latest research on SLB at:
On the day following the earnings release, January 16, 2015, Schlumberger' stock surged 6.13% to end the session at $81.33. Although the stock has moved both ways since then, gains have outweighed losses so far. On the last close, Thursday, January 22, 2015, the stock finished at $82.14, down 0.09%, after vacillating between $80.71 and $83.12. A total of 9.03 million shares were traded which was below its three months average volume of 10.03 million shares. Over the last one month and past three months, the company's shares have lost 5.31% and 14.43%, respectively. However, the stock has advanced 1.00% in the previous three trading sessions. Shares in Schlumberger closed below their 50-day and 200-day moving averages of $87.12 and $100.09, respectively. Furthermore, the stock traded at a PE ratio of 14.73 and has a Relative Strength Index (RSI) of 47.53.
Sneak Peek to Corporate Insider Trading
In the last one month, there were seven insider transactions made by seven individuals. On January 15, 2015, Imran Kizilbash, Vice President and Treasurer at Schlumberger, purchased 9,091 shares at price of $32.46 per share, for a total value of $295,048. On January 20, 2015, six insiders disposed 60,753 shares at an average price of $79.99 per share, for a total value of $4.86 million. The transactions above included the sale of 22,000 shares at price of $80.36 per share by Paal Kibsgaard; disposal of 14,738 shares at a price of $79.12 per share by Jean-Francois Poupeau, Executive Vice President - Corporate Development & Communication at Schlumberger; and the sale of 12,445 shares at a price of $80.36 per share by Alexander C. Juden, Secretary and General Counsel at Schlumberger. Complimentary in-depth research on SLB is available at:
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