Baker Hughes A GE (BHGE) to Release Quarterly Earnings on Wednesday

Baker Hughes A GE (NYSE:BHGE) will issue its quarterly earnings data before the market opens on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.25 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Baker Hughes A GE (NYSE:BHGE) last released its earnings results on Wednesday, July 31st. The company reported $0.20 EPS for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.01. The company had revenue of $5.99 billion for the quarter, compared to analysts’ expectations of $5.81 billion. Baker Hughes A GE had a return on equity of 1.07% and a net margin of 0.71%. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.10 EPS. On average, analysts expect Baker Hughes A GE to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

NYSE BHGE opened at $22.12 on Wednesday. The stock has a market capitalization of $22.92 billion, a price-to-earnings ratio of 33.52, a PEG ratio of 2.86 and a beta of 0.95. Baker Hughes A GE has a one year low of $20.09 and a one year high of $31.26. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.60 and a quick ratio of 1.09. The business’s fifty day moving average is $22.83 and its 200-day moving average is $23.55.

BHGE has been the topic of a number of recent analyst reports. Morgan Stanley lowered their target price on Baker Hughes A GE from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 8th. Credit Suisse Group lifted their price objective on Baker Hughes A GE from $27.00 to $28.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Bank of America decreased their price objective on Baker Hughes A GE from $32.00 to $27.00 and set a “buy” rating for the company in a report on Wednesday, August 28th. Citigroup decreased their price objective on Baker Hughes A GE from $32.00 to $31.00 and set a “buy” rating for the company in a report on Friday, October 18th. Finally, Wells Fargo & Co decreased their price objective on Baker Hughes A GE from $31.00 to $30.00 and set an “outperform” rating for the company in a report on Thursday, September 12th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $32.46.

In related news, CEO Lorenzo Simonelli bought 15,000 shares of Baker Hughes A GE stock in a transaction on Thursday, August 15th. The stock was acquired at an average price of $20.61 per share, with a total value of $309,150.00. Following the acquisition, the chief executive officer now directly owns 113,368 shares of the company’s stock, valued at $2,336,514.48. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John G. Rice bought 10,000 shares of Baker Hughes A GE stock in a transaction on Friday, August 16th. The shares were bought at an average cost of $20.75 per share, with a total value of $207,500.00. Following the acquisition, the director now directly owns 15,000 shares in the company, valued at $311,250. The disclosure for this purchase can be found here. Company insiders own 0.21% of the company’s stock.

Baker Hughes A GE Company Profile

Baker Hughes, a GE 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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Earnings History for Baker Hughes A GE (NYSE:BHGE)

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