Rowan Reports First Quarter 2016 Results

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Go back to Rowan Reports First Quarter 2016 Results

Rowan Cos. (RDC) PT Jumps To $21 From $16 At Jefferies

May 5, 2016 8:30 AM EDT

Jefferies analyst, Eduardo Royes, raised Rowan Companies (NYSE: RDC) 2016E/2017E EPS to $2.95/$0.50 from $2.10/$0.35 mostly on lower opex (+$0.47/share average impact). Revenues are higher reflecting the previously disclosed Saudi rate agreements and the net favorable April fleet update while lower taxes also benefit... More

Rowan Cos. (RDC) Tops Q1 EPS by 27c

May 4, 2016 6:21 AM EDT

Rowan Cos. (NYSE: RDC) reported Q1 EPS of $0.98, $0.27 better than the analyst estimate of $0.71. Revenue for the quarter came in at $500.2 million versus the consensus estimate of $489.41 million.

For earnings history and earnings-related data on Rowan Cos. (RDC) click here.

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