Wall Street analysts expect Baker Hughes A GE Co (NYSE:BHGE) to report earnings of $0.14 per share for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Baker Hughes A GE’s earnings, with the highest EPS estimate coming in at $0.17 and the lowest estimate coming in at $0.12. Baker Hughes A GE posted earnings of $0.09 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 55.6%. The business is scheduled to issue its next quarterly earnings results on Friday, April 19th.
According to Zacks, analysts expect that Baker Hughes A GE will report full-year earnings of $1.04 per share for the current financial year, with EPS estimates ranging from $0.82 to $1.20. For the next year, analysts anticipate that the company will post earnings of $1.70 per share, with EPS estimates ranging from $1.37 to $2.07. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Baker Hughes A GE.
Baker Hughes A GE (NYSE:BHGE) last posted its earnings results on Thursday, January 31st. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). Baker Hughes A GE had a net margin of 0.85% and a return on equity of 0.76%. The company had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.04 billion. During the same quarter last year, the business posted $0.15 EPS.
A number of equities research analysts have recently issued reports on BHGE shares. Cowen reiterated an “outperform” rating and issued a $32.00 target price (down previously from $34.00) on shares of Baker Hughes A GE in a research note on Monday, February 4th. Wells Fargo & Co reiterated a “buy” rating on shares of Baker Hughes A GE in a research note on Tuesday, October 30th. Guggenheim upgraded Baker Hughes A GE from a “neutral” rating to a “buy” rating and set a $37.00 target price for the company in a research note on Wednesday, October 31st. TheStreet lowered Baker Hughes A GE from a “c-” rating to a “d+” rating in a research note on Wednesday, November 14th. Finally, Citigroup lowered their target price on Baker Hughes A GE from $43.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, November 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $35.87.
In other Baker Hughes A GE news, insider William D. Marsh sold 1,242 shares of the stock in a transaction that occurred on Friday, January 25th. The stock was sold at an average price of $23.31, for a total transaction of $28,951.02. Following the transaction, the insider now owns 35,257 shares of the company’s stock, valued at approximately $821,840.67. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Electric Co General sold 101,200,000 shares of the stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $22.47, for a total value of $2,273,964,000.00. The disclosure for this sale can be found here. 0.18% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in BHGE. Capital International Investors lifted its holdings in Baker Hughes A GE by 1,249.7% during the 3rd quarter. Capital International Investors now owns 16,163,579 shares of the company’s stock worth $546,814,000 after buying an additional 14,965,979 shares during the last quarter. BlackRock Inc. lifted its holdings in Baker Hughes A GE by 31.9% during the 4th quarter. BlackRock Inc. now owns 35,009,945 shares of the company’s stock worth $752,716,000 after buying an additional 8,467,168 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in Baker Hughes A GE by 133.7% during the 4th quarter. Mackenzie Financial Corp now owns 5,303,247 shares of the company’s stock worth $114,020,000 after buying an additional 3,034,031 shares during the last quarter. Two Sigma Investments LP lifted its holdings in Baker Hughes A GE by 1,224.7% during the 4th quarter. Two Sigma Investments LP now owns 2,704,351 shares of the company’s stock worth $58,144,000 after buying an additional 2,500,210 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new position in Baker Hughes A GE during the 3rd quarter worth approximately $80,306,000. 96.35% of the stock is currently owned by institutional investors.
Shares of BHGE stock traded up $0.18 during trading hours on Friday, reaching $25.82. The company had a trading volume of 114,837 shares, compared to its average volume of 4,788,517. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.15 and a current ratio of 1.66. Baker Hughes A GE has a twelve month low of $20.09 and a twelve month high of $37.76. The firm has a market cap of $10.57 billion, a P/E ratio of 39.06, a price-to-earnings-growth ratio of 0.50 and a beta of 0.88.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 15th. Shareholders of record on Monday, February 4th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, February 1st. This represents a $0.72 dividend on an annualized basis and a yield of 2.79%. Baker Hughes A GE’s dividend payout ratio (DPR) is presently 109.09%.
About Baker Hughes A GE
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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