Baker Hughes (NASDAQ:BKR - Get Free Report) posted its quarterly earnings data on Tuesday. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.08, Zacks reports. The company had revenue of $6.91 billion for the quarter, compared to analysts' expectations of $6.64 billion. Baker Hughes had a return on equity of 14.56% and a net margin of 11.04%. Baker Hughes's revenue was down 3.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.57 EPS. Baker Hughes updated its Q3 2025 guidance to EPS and its FY 2025 guidance to EPS.
Baker Hughes Stock Up 0.7%
Shares of Baker Hughes stock traded up $0.33 on Friday, reaching $46.05. 5,858,210 shares of the company were exchanged, compared to its average volume of 8,074,655. The company has a market capitalization of $45.62 billion, a price-to-earnings ratio of 15.05, a PEG ratio of 5.78 and a beta of 0.91. The company has a current ratio of 1.41, a quick ratio of 0.93 and a debt-to-equity ratio of 0.33. Baker Hughes has a one year low of $32.25 and a one year high of $49.40. The company has a 50-day moving average of $38.89 and a 200 day moving average of $40.95.
Baker Hughes Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Tuesday, August 5th will be paid a $0.23 dividend. The ex-dividend date is Tuesday, August 5th. This represents a $0.92 annualized dividend and a yield of 2.00%. Baker Hughes's payout ratio is currently 30.07%.
Insider Activity
In other news, CEO Lorenzo Simonelli sold 526,568 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $44.42, for a total transaction of $23,390,150.56. Following the completion of the sale, the chief executive officer owned 667,593 shares in the company, valued at approximately $29,654,481.06. This trade represents a 44.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.27% of the company's stock.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Baker Hughes stock. Woodline Partners LP boosted its position in Baker Hughes Company (NASDAQ:BKR - Free Report) by 40.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 83,650 shares of the company's stock after buying an additional 24,225 shares during the period. Woodline Partners LP's holdings in Baker Hughes were worth $3,676,000 at the end of the most recent quarter. Institutional investors and hedge funds own 92.06% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms have commented on BKR. Evercore ISI dropped their price target on shares of Baker Hughes from $52.00 to $50.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Royal Bank Of Canada decreased their target price on Baker Hughes from $50.00 to $46.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Citigroup cut their price target on Baker Hughes from $54.00 to $53.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Morgan Stanley decreased their price objective on Baker Hughes from $55.00 to $45.00 and set an "overweight" rating for the company in a research note on Friday, May 16th. Finally, UBS Group upped their target price on shares of Baker Hughes from $40.00 to $43.00 and gave the stock a "neutral" rating in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $49.50.
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About Baker Hughes
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Baker Hughes Company provides a portfolio of technologies and services to energy and industrial value chain worldwide. The company operates through Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET) segments. The OFSE segment designs and manufactures products and provides related services, including exploration, appraisal, development, production, rejuvenation, and decommissioning for onshore and offshore oilfield operations.
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