Brokerages forecast that Baker Hughes Company (NYSE:BKR) will post $0.09 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Baker Hughes’ earnings, with the highest EPS estimate coming in at $0.11 and the lowest estimate coming in at $0.08. Baker Hughes reported earnings of $0.20 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 55%. The business is expected to report its next quarterly earnings report before the market opens on Wednesday, July 22nd.
On average, analysts expect that Baker Hughes will report full year earnings of $0.20 per share for the current fiscal year, with EPS estimates ranging from $0.05 to $0.28. For the next year, analysts anticipate that the firm will post earnings of $0.39 per share, with EPS estimates ranging from $0.15 to $0.60. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Baker Hughes.
Baker Hughes (NYSE:BKR) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported $0.11 earnings per share for the quarter, hitting the consensus estimate of $0.11. The company had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.62 billion. Baker Hughes had a positive return on equity of 1.53% and a negative net margin of 42.77%. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.15 EPS.
Several equities analysts recently issued reports on BKR shares. Argus cut Baker Hughes from a “buy” rating to a “hold” rating and set a $10.50 price objective on the stock. in a research report on Tuesday, March 31st. UBS Group upped their price objective on Baker Hughes from $17.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Morgan Stanley lowered their price target on Baker Hughes from $30.00 to $18.00 and set an “overweight” rating on the stock in a report on Monday, March 16th. Barclays increased their price target on Baker Hughes from $14.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Finally, Citigroup increased their price target on Baker Hughes from $14.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $17.68.
A number of large investors have recently added to or reduced their stakes in the stock. State Street Corp purchased a new stake in Baker Hughes in the first quarter worth $361,242,000. State of New Jersey Common Pension Fund D bought a new position in shares of Baker Hughes during the 1st quarter worth $4,771,000. Finally, AXA bought a new position in shares of Baker Hughes during the 1st quarter worth $199,000. Institutional investors own 96.02% of the company’s stock.
Shares of Baker Hughes stock traded up $0.15 during midday trading on Tuesday, hitting $14.85. The company had a trading volume of 6,746,700 shares, compared to its average volume of 7,351,375. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.00 and a current ratio of 1.44. The stock has a market capitalization of $15.16 billion, a P/E ratio of -0.96, a P/E/G ratio of 9.56 and a beta of 1.74. The company has a 50 day moving average of $15.82 and a 200 day moving average of $17.75. Baker Hughes has a 52-week low of $9.12 and a 52-week high of $25.99.
The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Tuesday, May 26th were issued a dividend of $0.18 per share. The ex-dividend date was Friday, May 22nd. This represents a $0.72 annualized dividend and a yield of 4.85%. Baker Hughes’s payout ratio is presently 84.71%.
Baker Hughes Company Profile
Baker Hughes Company provides integrated oilfield products, services, and digital solutions worldwide. Its Oilfield Services segment offers drilling, wireline, evaluation, completion, production, and intervention services; and drilling and completions fluids, completions tools and systems, wellbore intervention tools and services, artificial lift systems, pressure pumping systems, and oilfield and industrial chemicals for integrated oil and natural gas and oilfield service companies.
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