BHP Billiton plc Expected to Post FY2020 Earnings of $3.26 Per Share (BBL)

BHP Billiton plc (NYSE:BBL) – Research analysts at Jefferies Financial Group decreased their FY2020 earnings per share (EPS) estimates for BHP Billiton in a note issued to investors on Wednesday, October 17th. Jefferies Financial Group analyst C. Lafemina now expects that the mining company will earn $3.26 per share for the year, down from their prior estimate of $3.28.

Several other equities analysts have also commented on BBL. Zacks Investment Research lowered shares of BHP Billiton from a “strong-buy” rating to a “hold” rating in a report on Friday, July 6th. ValuEngine lowered shares of BHP Billiton from a “hold” rating to a “sell” rating in a report on Friday, September 7th. Finally, Morgan Stanley lowered shares of BHP Billiton from an “overweight” rating to an “equal” rating in a report on Tuesday, September 25th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $42.50.

Shares of BBL stock opened at $40.69 on Friday. The company has a current ratio of 2.51, a quick ratio of 2.24 and a debt-to-equity ratio of 0.40. BHP Billiton has a one year low of $35.48 and a one year high of $47.92. The company has a market capitalization of $43.97 billion, a PE ratio of 12.19, a P/E/G ratio of 2.23 and a beta of 1.12.

The firm also recently announced a semiannual dividend, which was paid on Tuesday, September 25th. Investors of record on Friday, September 7th were paid a dividend of $1.26 per share. This is an increase from BHP Billiton’s previous semiannual dividend of $0.80. This represents a yield of 6.06%. The ex-dividend date was Thursday, September 6th. BHP Billiton’s dividend payout ratio is presently 75.00%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Whittier Trust Co. of Nevada Inc. purchased a new stake in BHP Billiton during the 2nd quarter worth approximately $112,000. Commerzbank Aktiengesellschaft FI purchased a new stake in BHP Billiton during the 2nd quarter worth approximately $203,000. Advisor Partners LLC purchased a new stake in BHP Billiton during the 2nd quarter worth approximately $205,000. NumerixS Investment Technologies Inc increased its stake in BHP Billiton by 1,400.0% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 6,000 shares of the mining company’s stock worth $269,000 after buying an additional 5,600 shares during the period. Finally, Lourd Capital LLC purchased a new stake in BHP Billiton during the 3rd quarter worth approximately $271,000. 4.18% of the stock is currently owned by hedge funds and other institutional investors.

About BHP Billiton

BHP Billiton Plc, together with its subsidiaries, discovers, acquires, develops, and markets natural resources worldwide. It operates through four segments: Petroleum, Copper, Iron Ore, and Coal. The company explores for copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ores, as well as metallurgical coal, energy coal, and oil and gas.

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Earnings History and Estimates for BHP Billiton (NYSE:BBL)

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