Jefferies Financial Group Analysts Boost Earnings Estimates for BHP Group PLC (BBL)

BHP Group PLC (NYSE:BBL) – Jefferies Financial Group raised their FY2019 earnings per share (EPS) estimates for BHP Group in a research note issued on Wednesday, March 13th. Jefferies Financial Group analyst C. Lafemina now expects that the mining company will earn $3.52 per share for the year, up from their previous estimate of $3.44. Jefferies Financial Group also issued estimates for BHP Group’s FY2020 earnings at $3.74 EPS and FY2021 earnings at $3.86 EPS.

Other research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of BHP Group from a “buy” rating to a “hold” rating in a research note on Tuesday. Goldman Sachs Group cut shares of BHP Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 12th. Societe Generale restated a “hold” rating on shares of BHP Group in a research report on Thursday, March 7th. Finally, ValuEngine upgraded shares of BHP Group from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $44.00.



NYSE BBL opened at $45.90 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.55 and a quick ratio of 2.16. The company has a market cap of $48.35 billion, a P/E ratio of 13.66, a PEG ratio of 2.36 and a beta of 0.83. BHP Group has a 52 week low of $38.04 and a 52 week high of $48.22.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC raised its position in shares of BHP Group by 5.5% in the fourth quarter. Geode Capital Management LLC now owns 31,305 shares of the mining company’s stock valued at $1,311,000 after buying an additional 1,624 shares during the last quarter. Cetera Advisors LLC raised its position in shares of BHP Group by 18.1% in the fourth quarter. Cetera Advisors LLC now owns 8,690 shares of the mining company’s stock valued at $362,000 after buying an additional 1,333 shares during the last quarter. OLD Mission Capital LLC acquired a new stake in shares of BHP Group in the fourth quarter valued at about $3,937,000. MML Investors Services LLC raised its position in shares of BHP Group by 34.9% in the fourth quarter. MML Investors Services LLC now owns 17,109 shares of the mining company’s stock valued at $717,000 after buying an additional 4,423 shares during the last quarter. Finally, Squarepoint Ops LLC raised its position in shares of BHP Group by 57.7% in the fourth quarter. Squarepoint Ops LLC now owns 98,091 shares of the mining company’s stock valued at $4,109,000 after buying an additional 35,871 shares during the last quarter. Institutional investors and hedge funds own 4.38% of the company’s stock.

The business also recently disclosed a special dividend, which will be paid on Tuesday, March 26th. Shareholders of record on Friday, March 8th will be given a dividend of $1.10 per share. This represents a yield of 5.29%. The ex-dividend date is Thursday, March 7th. BHP Group’s dividend payout ratio is presently 65.48%.

BHP Group Company Profile

BHP Group discovers, acquires, develops, and markets natural resources worldwide. The company engages in the exploration, development, and production of oil and gas properties; and mining of copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ores, as well as metallurgical and energy coal.

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Earnings History and Estimates for BHP Group (NYSE:BBL)

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