Brokerages Anticipate Halliburton (HAL) to Announce $0.23 EPS

Wall Street analysts expect that Halliburton (NYSE:HAL) will report earnings per share (EPS) of $0.23 for the current fiscal quarter, according to Zacks. Nine analysts have provided estimates for Halliburton’s earnings, with the lowest EPS estimate coming in at $0.21 and the highest estimate coming in at $0.28. Halliburton reported earnings per share of $0.41 in the same quarter last year, which suggests a negative year-over-year growth rate of 43.9%. The company is scheduled to announce its next earnings results before the market opens on Monday, April 22nd.

According to Zacks, analysts expect that Halliburton will report full year earnings of $1.40 per share for the current financial year, with EPS estimates ranging from $0.95 to $1.95. For the next financial year, analysts expect that the business will report earnings of $2.11 per share, with EPS estimates ranging from $1.33 to $3.05. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover Halliburton.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Tuesday, January 22nd. The oilfield services company reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.04. The firm had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.87 billion. Halliburton had a net margin of 6.90% and a return on equity of 18.57%. The company’s revenue was down .1% on a year-over-year basis. During the same period last year, the firm earned $0.53 EPS.

Several equities analysts recently weighed in on the stock. Goldman Sachs Group assumed coverage on shares of Halliburton in a research note on Sunday. They set a “buy” rating and a $42.00 target price for the company. Stifel Nicolaus set a $36.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a research note on Tuesday, January 22nd. Bank of America reissued a “buy” rating and issued a $48.00 price objective (down from $52.00) on shares of Halliburton in a research note on Monday, December 3rd. Citigroup set a $39.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a research note on Wednesday, January 23rd. Finally, Royal Bank of Canada set a $48.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a research note on Wednesday, January 23rd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-three have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $45.50.

Shares of HAL stock traded up $0.20 on Tuesday, hitting $28.09. 10,165,062 shares of the stock traded hands, compared to its average volume of 9,907,425. The company has a market capitalization of $24.34 billion, a price-to-earnings ratio of 14.78, a PEG ratio of 1.93 and a beta of 1.27. Halliburton has a 52 week low of $24.70 and a 52 week high of $54.91. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.32 and a quick ratio of 1.69.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, March 5th. This represents a $0.72 annualized dividend and a dividend yield of 2.56%. Halliburton’s dividend payout ratio is currently 37.89%.

In other news, VP Anne L. Beaty sold 1,300 shares of Halliburton stock in a transaction that occurred on Monday, January 7th. The shares were sold at an average price of $28.50, for a total value of $37,050.00. Following the transaction, the vice president now owns 58,848 shares of the company’s stock, valued at approximately $1,677,168. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Anne L. Beaty sold 2,548 shares of Halliburton stock in a transaction that occurred on Wednesday, January 9th. The stock was sold at an average price of $29.48, for a total transaction of $75,115.04. Following the completion of the transaction, the vice president now directly owns 56,663 shares in the company, valued at approximately $1,670,425.24. The disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Rehmann Capital Advisory Group grew its position in Halliburton by 4.7% during the 4th quarter. Rehmann Capital Advisory Group now owns 7,980 shares of the oilfield services company’s stock worth $212,000 after purchasing an additional 361 shares during the last quarter. One Capital Management LLC boosted its holdings in shares of Halliburton by 0.7% in the 4th quarter. One Capital Management LLC now owns 53,646 shares of the oilfield services company’s stock valued at $1,426,000 after acquiring an additional 369 shares during the last quarter. Tlwm boosted its holdings in shares of Halliburton by 3.8% in the 4th quarter. Tlwm now owns 10,166 shares of the oilfield services company’s stock valued at $307,000 after acquiring an additional 369 shares during the last quarter. Welch & Forbes LLC boosted its holdings in shares of Halliburton by 4.5% in the 4th quarter. Welch & Forbes LLC now owns 9,000 shares of the oilfield services company’s stock valued at $239,000 after acquiring an additional 390 shares during the last quarter. Finally, Pin Oak Investment Advisors Inc. boosted its holdings in shares of Halliburton by 1.5% in the 4th quarter. Pin Oak Investment Advisors Inc. now owns 27,485 shares of the oilfield services company’s stock valued at $731,000 after acquiring an additional 409 shares during the last quarter. 77.93% of the stock is currently owned by hedge funds and other institutional investors.

Halliburton Company Profile

Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.

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Earnings History and Estimates for Halliburton (NYSE:HAL)

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