Research Analysts Set Expectations for BHP Group PLC’s FY2020 Earnings (NYSE:BBL)

BHP Group PLC (NYSE:BBL) – Jefferies Financial Group reduced their FY2020 earnings per share (EPS) estimates for shares of BHP Group in a research note issued on Monday, October 21st. Jefferies Financial Group analyst C. Lafemina now anticipates that the mining company will earn $3.42 per share for the year, down from their prior estimate of $3.60. Jefferies Financial Group has a “Hold” rating on the stock. Jefferies Financial Group also issued estimates for BHP Group’s FY2021 earnings at $3.32 EPS.

Several other equities research analysts also recently commented on the stock. JPMorgan Chase & Co. upgraded shares of BHP Group from an “underweight” rating to a “neutral” rating in a research report on Friday, July 12th. Zacks Investment Research upgraded shares of BHP Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 16th. Liberum Capital downgraded shares of BHP Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 22nd. UBS Group restated a “neutral” rating on shares of BHP Group in a research report on Wednesday, October 9th. Finally, ValuEngine downgraded shares of BHP Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. BHP Group has an average rating of “Hold” and a consensus target price of $54.00.

Shares of NYSE:BBL opened at $42.15 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.58 and a current ratio of 1.89. The company has a market cap of $45.00 billion, a PE ratio of 11.52, a price-to-earnings-growth ratio of 2.54 and a beta of 0.93. BHP Group has a 52 week low of $38.04 and a 52 week high of $51.87. The firm has a 50 day simple moving average of $42.96 and a 200 day simple moving average of $46.02.

A number of institutional investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC increased its stake in BHP Group by 35.5% in the 2nd quarter. Advisory Services Network LLC now owns 877 shares of the mining company’s stock valued at $45,000 after buying an additional 230 shares during the period. Commonwealth Equity Services LLC increased its stake in BHP Group by 3.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 7,091 shares of the mining company’s stock valued at $362,000 after buying an additional 262 shares during the period. Cetera Advisors LLC increased its stake in BHP Group by 5.1% in the 2nd quarter. Cetera Advisors LLC now owns 9,065 shares of the mining company’s stock valued at $464,000 after buying an additional 438 shares during the period. Janney Montgomery Scott LLC increased its stake in BHP Group by 1.8% in the 2nd quarter. Janney Montgomery Scott LLC now owns 30,572 shares of the mining company’s stock valued at $1,563,000 after buying an additional 530 shares during the period. Finally, Natixis Advisors L.P. increased its stake in BHP Group by 2.6% in the 2nd quarter. Natixis Advisors L.P. now owns 24,962 shares of the mining company’s stock valued at $1,276,000 after buying an additional 636 shares during the period. Hedge funds and other institutional investors own 4.50% of the company’s stock.

The business also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, September 25th. Shareholders of record on Friday, September 6th were paid a $1.56 dividend. The ex-dividend date was Thursday, September 5th. This is a positive change from BHP Group’s previous Semi-Annual dividend of $0.28. BHP Group’s dividend payout ratio is currently 85.25%.

About BHP Group

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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