NXP’s first-quarter revenue is expected to come in at $3 billion, down 9.4% sequentially and by 4.5% year over year. Adjusted EPS are forecast at $3.02, down 19.1% sequentially and 10.4% lower year over year. For the full 2023 fiscal year, analysts anticipate EPS of $12.66, down 12%, on sales of $12.41 billion, up down 6%.
The stock trades at 12.7 times expected 2023 EPS, 11.2 times estimated 2024 earnings of $14.35 and 9.8 times estimated 2025 earnings of $16.38 per share. The stock’s 52-week range is $132.08 to $198.28. NXP pays an annual dividend of $4.06 (yield of 2.45%). Total shareholder return for the past 12 months was negative 3.59%.
Transocean
Switzerland-based offshore drilling giant Transocean Ltd. (NYSE: RIG) has seen its share price rise by just over 50% in the past 12 months. Shares added 65% in 2022 and have added 27% so far in 2023.
The turmoil in the oil industry caused by the Russian invasion of Ukraine has benefited Transocean by reducing risks from project delays, better contract pricing and fewer cancellations. The company reported a drilling backlog of $8.54 billion in February. Board Chair Chad Deaton purchased 30,000 shares in early March at an average price of $7.40 per share. Last November, Deaton purchased $50,000 shares for an average price of around $4.07 per share.
Of the 14 brokerages covering Transocean, five have a Buy or Strong Buy rating and seven have Hold ratings. At a share price of around $5.80, the implied gain based on a median price target of $6.50 is 12.1%. At the high target of $12.00, the upside potential on the stock is 107%.
For the first quarter, analysts expect the company to report revenue of $646.29 million, up about 6.7% sequentially and 10.3% higher year over year. The expected loss per share is $0.22, better than the $0.49 per-share loss in the prior quarter, and better than the $0.28 per-share loss a year ago. For the full year, analysts expect a loss per share of $0.41 compared to the year-ago loss of $0.93 and sales of $3.02 billion, up 18.5% year over year.
Transocean shares trade at an enterprise value-to-sales multiple of 48.7 times expected 2023 EBIT, 17.7 times estimated 2024 EBIT and 15.6 times estimated 2025 EBIT. The stock’s 52-week range is $2.32 to $7.74. Transocean does not pay a dividend, and the total shareholder return for the past year was 50.39%.
Originally published at 24/7 Wall St.
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