Brokerages Expect Baker Hughes Company (NYSE:BKR) to Announce $0.31 EPS

Brokerages expect that Baker Hughes Company (NYSE:BKR) will announce $0.31 earnings per share for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Baker Hughes’ earnings. The highest EPS estimate is $0.34 and the lowest is $0.29. Baker Hughes posted earnings per share of $0.26 in the same quarter last year, which would indicate a positive year over year growth rate of 19.2%. The company is expected to report its next earnings report on Thursday, January 30th.

On average, analysts expect that Baker Hughes will report full year earnings of $0.88 per share for the current fiscal year, with EPS estimates ranging from $0.85 to $0.92. For the next fiscal year, analysts anticipate that the company will post earnings of $1.25 per share, with EPS estimates ranging from $1.15 to $1.40. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for Baker Hughes.

Baker Hughes (NYSE:BKR) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.03). The company had revenue of $5.88 billion for the quarter, compared to analyst estimates of $6.11 billion. Baker Hughes had a return on equity of 1.19% and a net margin of 0.89%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period last year, the business earned $0.19 EPS.

BKR has been the subject of several recent analyst reports. ValuEngine downgraded shares of Baker Hughes from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. Stephens initiated coverage on shares of Baker Hughes in a research report on Wednesday. They set an “overweight” rating and a $28.00 price objective for the company. TheStreet downgraded shares of Baker Hughes from a “c-” rating to a “d” rating in a research report on Monday, October 21st. Barclays reaffirmed a “buy” rating and set a $28.00 price objective on shares of Baker Hughes in a research report on Friday, November 1st. Finally, Susquehanna Bancshares raised shares of Baker Hughes from a “neutral” rating to a “positive” rating in a research report on Friday, November 15th. Two equities research analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $29.33.

In related news, insider William D. Marsh sold 5,857 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $22.65, for a total value of $132,661.05. Following the transaction, the insider now directly owns 33,647 shares in the company, valued at approximately $762,104.55. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider William D. Marsh sold 6,136 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $22.15, for a total value of $135,912.40. Following the completion of the transaction, the insider now owns 39,504 shares in the company, valued at $875,013.60. The disclosure for this sale can be found here. 0.21% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of BKR. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Baker Hughes in the 3rd quarter worth $132,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new position in Baker Hughes during the 3rd quarter valued at $1,235,000. Janney Montgomery Scott LLC bought a new position in Baker Hughes during the 3rd quarter valued at $233,000. Municipal Employees Retirement System of Michigan bought a new position in Baker Hughes during the 3rd quarter valued at $165,000. Finally, Nikko Asset Management Americas Inc. bought a new position in Baker Hughes during the 3rd quarter valued at $6,669,000. Institutional investors own 97.59% of the company’s stock.

Shares of BKR stock traded down $0.12 during trading hours on Friday, hitting $23.64. 4,890,600 shares of the company were exchanged, compared to its average volume of 5,206,819. The stock has a market capitalization of $24.53 billion, a price-to-earnings ratio of 35.82, a P/E/G ratio of 3.14 and a beta of 0.98. Baker Hughes has a fifty-two week low of $20.09 and a fifty-two week high of $28.65. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.07 and a current ratio of 1.58. The company’s 50 day simple moving average is $22.29.

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Monday, November 11th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend was Thursday, November 7th. Baker Hughes’s dividend payout ratio is currently 109.09%.

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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Earnings History and Estimates for Baker Hughes (NYSE:BKR)

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