Baker Hughes Company (NYSE:BKR) Expected to Announce Earnings of $0.16 Per Share

Analysts predict that Baker Hughes Company (NYSE:BKR) will post earnings per share (EPS) of $0.16 for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Baker Hughes’ earnings, with estimates ranging from $0.13 to $0.23. Baker Hughes reported earnings of $0.15 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 6.7%. The business is expected to report its next quarterly earnings report on Tuesday, May 5th.

On average, analysts expect that Baker Hughes will report full year earnings of $1.07 per share for the current fiscal year, with EPS estimates ranging from $0.98 to $1.26. For the next fiscal year, analysts anticipate that the business will report earnings of $1.62 per share, with EPS estimates ranging from $1.30 to $1.90. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Baker Hughes.

Baker Hughes (NYSE:BKR) last announced its earnings results on Wednesday, January 22nd. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.04). Baker Hughes had a net margin of 0.54% and a return on equity of 1.36%. The firm had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.47 billion. Baker Hughes’s quarterly revenue was up 1.3% on a year-over-year basis.

Several analysts have issued reports on the stock. Cfra downgraded shares of Baker Hughes from a “buy” rating to a “hold” rating in a research note on Wednesday, January 22nd. Barclays reissued a “buy” rating and set a $28.00 target price on shares of Baker Hughes in a research note on Friday, November 1st. TheStreet downgraded shares of Baker Hughes from a “c-” rating to a “d” rating in a research note on Monday, October 21st. ValuEngine raised shares of Baker Hughes from a “sell” rating to a “hold” rating in a research note on Wednesday, January 8th. Finally, Sanford C. Bernstein assumed coverage on shares of Baker Hughes in a research note on Monday, January 13th. They set an “underperform” rating and a $19.50 target price on the stock. Three analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $27.43.

NYSE:BKR traded down $0.14 during trading hours on Friday, hitting $21.94. 80,111 shares of the stock traded hands, compared to its average volume of 5,361,914. The business’s 50 day simple moving average is $23.63. The company has a current ratio of 1.52, a quick ratio of 1.06 and a debt-to-equity ratio of 0.18. Baker Hughes has a fifty-two week low of $20.43 and a fifty-two week high of $28.65. The firm has a market capitalization of $22.68 billion, a price-to-earnings ratio of 99.73, a price-to-earnings-growth ratio of 2.59 and a beta of 1.08.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 3.28%. The ex-dividend date is Friday, January 31st. Baker Hughes’s dividend payout ratio is currently 84.71%.

In other news, insider William D. Marsh sold 5,857 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $22.65, for a total transaction of $132,661.05. Following the transaction, the insider now directly owns 33,647 shares in the company, valued at approximately $762,104.55. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider William D. Marsh sold 6,136 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $22.15, for a total transaction of $135,912.40. Following the transaction, the insider now owns 39,504 shares in the company, valued at $875,013.60. The disclosure for this sale can be found here. Insiders own 0.21% of the company’s stock.

Several institutional investors have recently bought and sold shares of BKR. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Baker Hughes during the 3rd quarter valued at $132,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new stake in Baker Hughes in the third quarter worth $1,235,000. Janney Montgomery Scott LLC bought a new stake in Baker Hughes in the third quarter worth $233,000. Municipal Employees Retirement System of Michigan bought a new stake in Baker Hughes in the third quarter worth $165,000. Finally, Nikko Asset Management Americas Inc. bought a new stake in Baker Hughes in the third quarter worth $6,669,000. Institutional investors and hedge funds own 97.84% of the company’s stock.

About Baker Hughes

Baker Hughes 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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Earnings History and Estimates for Baker Hughes (NYSE:BKR)

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