Halliburton (HAL) Expected to Announce Quarterly Earnings on Wednesday

Halliburton (NYSE:HAL) is projected to announce its earnings results before the market opens on Wednesday, January 22nd. Analysts expect the company to announce earnings of $0.73 per share and revenue of $5,629,580.68 billion for the quarter.

Halliburton (NYSE:HAL) last released its earnings results on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02). Halliburton had a return on equity of 28.33% and a net margin of 11.04%. The company had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.83 billion. During the same quarter in the previous year, the company earned $0.79 EPS. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. On average, analysts expect Halliburton to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Halliburton Stock Up 2.7 %

Shares of Halliburton stock traded up $0.75 on Wednesday, hitting $28.95. 9,667,831 shares of the company traded hands, compared to its average volume of 9,391,023. Halliburton has a 12-month low of $25.51 and a 12-month high of $41.56. The company has a quick ratio of 1.62, a current ratio of 2.21 and a debt-to-equity ratio of 0.74. The company has a market cap of $25.43 billion, a PE ratio of 10.09, a PEG ratio of 3.55 and a beta of 1.91. The company has a 50-day moving average price of $28.96 and a 200 day moving average price of $30.20.

Halliburton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Wednesday, December 4th were paid a $0.17 dividend. The ex-dividend date was Wednesday, December 4th. This represents a $0.68 dividend on an annualized basis and a yield of 2.35%. Halliburton’s dividend payout ratio (DPR) is currently 23.69%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on HAL shares. Jefferies Financial Group cut their price target on Halliburton from $43.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Morgan Stanley cut their price objective on shares of Halliburton from $35.00 to $34.00 and set an “overweight” rating on the stock in a research report on Monday, November 18th. Evercore ISI decreased their target price on shares of Halliburton from $43.00 to $35.00 and set an “outperform” rating for the company in a research report on Wednesday. UBS Group downgraded shares of Halliburton from a “buy” rating to a “neutral” rating and cut their price target for the company from $36.00 to $34.00 in a report on Monday, December 9th. Finally, Stifel Nicolaus decreased their price objective on shares of Halliburton from $45.00 to $42.00 and set a “buy” rating for the company in a report on Friday, October 11th. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $38.26.

About Halliburton

Halliburton Company provides products and services to the energy industry worldwide. It operates through two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; and completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems.