Equities analysts expect Halliburton (NYSE:HAL) to announce $0.29 earnings per share (EPS) for the current quarter, according to Zacks. Ten analysts have made estimates for Halliburton’s earnings. The lowest EPS estimate is $0.28 and the highest is $0.30. Halliburton posted earnings per share of $0.58 in the same quarter last year, which suggests a negative year-over-year growth rate of 50%. The firm is expected to issue its next earnings results on Monday, July 22nd.
On average, analysts expect that Halliburton will report full year earnings of $1.37 per share for the current financial year, with EPS estimates ranging from $1.14 to $1.62. For the next year, analysts expect that the firm will report earnings of $2.13 per share, with EPS estimates ranging from $1.50 to $3.11. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that follow Halliburton.
Halliburton (NYSE:HAL) last announced its quarterly earnings results on Monday, April 22nd. The oilfield services company reported $0.23 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.23. The business had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.53 billion. Halliburton had a net margin of 7.34% and a return on equity of 16.26%. The company’s revenue was down .1% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 EPS.
A number of equities research analysts have issued reports on HAL shares. Zacks Investment Research lowered shares of Halliburton from a “hold” rating to a “strong sell” rating in a report on Friday, January 11th. Wells Fargo & Co reissued a “buy” rating on shares of Halliburton in a report on Sunday, January 6th. UBS Group set a $40.00 price target on shares of Halliburton and gave the stock a “buy” rating in a report on Wednesday, January 23rd. Cowen raised shares of Halliburton from a “market perform” rating to an “outperform” rating and cut their price target for the stock from $45.00 to $35.00 in a report on Thursday, January 17th. Finally, Morgan Stanley set a $40.00 price target on shares of Halliburton and gave the stock a “buy” rating in a report on Tuesday. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-two have issued a buy rating to the company. Halliburton has a consensus rating of “Buy” and a consensus target price of $44.71.
In other news, CFO Lance Loeffler sold 5,926 shares of Halliburton stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $28.35, for a total transaction of $168,002.10. Following the sale, the chief financial officer now owns 55,885 shares of the company’s stock, valued at approximately $1,584,339.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.61% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. TRUE Private Wealth Advisors lifted its position in Halliburton by 4.8% during the 1st quarter. TRUE Private Wealth Advisors now owns 15,141 shares of the oilfield services company’s stock valued at $443,000 after acquiring an additional 697 shares during the period. First Merchants Corp lifted its position in Halliburton by 137.0% during the 1st quarter. First Merchants Corp now owns 44,084 shares of the oilfield services company’s stock valued at $1,291,000 after acquiring an additional 25,480 shares during the period. Birmingham Capital Management Co. Inc. AL lifted its position in Halliburton by 1.2% during the 1st quarter. Birmingham Capital Management Co. Inc. AL now owns 84,787 shares of the oilfield services company’s stock valued at $2,484,000 after acquiring an additional 1,025 shares during the period. ACG Wealth lifted its position in Halliburton by 38.6% during the 1st quarter. ACG Wealth now owns 21,189 shares of the oilfield services company’s stock valued at $621,000 after acquiring an additional 5,900 shares during the period. Finally, Field & Main Bank purchased a new position in Halliburton during the 1st quarter valued at about $135,000. 81.23% of the stock is currently owned by hedge funds and other institutional investors.
Halliburton stock traded down $0.89 during trading hours on Friday, reaching $29.22. The stock had a trading volume of 8,508,527 shares, compared to its average volume of 9,775,674. The firm has a market cap of $27.19 billion, a PE ratio of 15.38, a price-to-earnings-growth ratio of 1.67 and a beta of 1.17. Halliburton has a 52 week low of $24.70 and a 52 week high of $54.91. The company has a quick ratio of 1.69, a current ratio of 2.22 and a debt-to-equity ratio of 1.07.
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date was Tuesday, March 5th. Halliburton’s payout ratio is 37.89%.
Halliburton Company Profile
Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.
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