Jefferies Financial Group Equities Analysts Increase Earnings Estimates for BHP Group Ltd (BHP)

BHP Group Ltd (NYSE:BHP) – Stock analysts at Jefferies Financial Group boosted their FY2019 earnings estimates for BHP Group in a research report issued to clients and investors on Wednesday, March 13th. Jefferies Financial Group analyst C. Lafemina now forecasts that the mining company will post earnings of $3.52 per share for the year, up from their previous estimate of $3.44. Jefferies Financial Group has a “Buy” rating on the stock. Jefferies Financial Group also issued estimates for BHP Group’s FY2020 earnings at $3.74 EPS.

Other research analysts have also issued research reports about the company. Sanford C. Bernstein upgraded BHP Group to a “buy” rating in a research report on Thursday, December 20th. Deutsche Bank upgraded BHP Group to a “buy” rating in a research report on Thursday, December 20th. Goldman Sachs Group lowered BHP Group from a “conviction-buy” rating to a “buy” rating in a research report on Monday, January 14th. Zacks Investment Research upgraded BHP Group from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research report on Thursday, November 22nd. Finally, ValuEngine upgraded BHP Group from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $49.50.

NYSE:BHP opened at $52.20 on Friday. BHP Group has a 12-month low of $43.10 and a 12-month high of $54.73. The company has a market cap of $84.81 billion, a P/E ratio of 15.54, a P/E/G ratio of 2.69 and a beta of 0.80. The company has a quick ratio of 2.16, a current ratio of 2.55 and a debt-to-equity ratio of 0.43.

The firm also recently declared a special dividend, which will be paid on Tuesday, March 26th. Shareholders of record on Friday, March 8th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Thursday, March 7th. This represents a yield of 4.65%. BHP Group’s dividend payout ratio (DPR) is presently 65.48%.

A number of hedge funds have recently made changes to their positions in BHP. Millennium Management LLC boosted its position in BHP Group by 405.6% during the 4th quarter. Millennium Management LLC now owns 1,839,804 shares of the mining company’s stock worth $88,844,000 after acquiring an additional 1,475,921 shares during the period. LMR Partners LLP boosted its position in BHP Group by 544.5% during the 4th quarter. LMR Partners LLP now owns 1,690,965 shares of the mining company’s stock worth $81,593,000 after acquiring an additional 1,428,611 shares during the period. Maven Securities LTD acquired a new position in BHP Group during the 4th quarter worth $61,559,000. Norges Bank acquired a new position in BHP Group during the 4th quarter worth $31,842,000. Finally, Jennison Associates LLC boosted its position in BHP Group by 38.8% during the 3rd quarter. Jennison Associates LLC now owns 1,496,369 shares of the mining company’s stock worth $74,579,000 after acquiring an additional 418,044 shares during the period. Institutional investors own 3.75% of the company’s stock.

BHP Group Company Profile

BHP Group discovers, acquires, develops, and markets natural resources worldwide. The company engages in the exploration, development, and production of oil and gas properties; and mining of copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ores, as well as metallurgical and energy coal.

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Earnings History and Estimates for BHP Group (NYSE:BHP)

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