Baker Hughes Q2 EPS Forecast Decreased by Zacks Research

Key Points

• Zacks Research has downgraded its Q2 2026 EPS estimate for Baker Hughes from $0.65 to $0.62, while the full-year EPS estimate is set at $2.59.
• Multiple analysts have increased their price targets for Baker Hughes, with Barclays raising theirs to $53.00, suggesting a positive outlook for the stock.
• Baker Hughes recently declared a quarterly dividend of $0.23, yielding approximately 2.0%, with a current dividend payout ratio of 30.07%.

Baker Hughes Company (NASDAQ:BKR - Free Report) - Equities researchers at Zacks Research decreased their Q2 2026 earnings per share (EPS) estimates for shares of Baker Hughes in a note issued to investors on Monday, October 13th. Zacks Research analyst Team now anticipates that the company will earn $0.62 per share for the quarter, down from their previous estimate of $0.65. The consensus estimate for Baker Hughes' current full-year earnings is $2.59 per share. Zacks Research also issued estimates for Baker Hughes' Q3 2026 earnings at $0.67 EPS, FY2026 earnings at $2.53 EPS, Q1 2027 earnings at $0.68 EPS, Q2 2027 earnings at $0.74 EPS, Q3 2027 earnings at $0.77 EPS and FY2027 earnings at $2.97 EPS.

Several other equities analysts have also weighed in on the stock. Barclays increased their price objective on shares of Baker Hughes from $48.00 to $53.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Melius started coverage on shares of Baker Hughes in a report on Wednesday, August 20th. They issued a "buy" rating and a $60.00 target price on the stock. TD Cowen increased their price objective on shares of Baker Hughes from $52.00 to $54.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Melius Research started coverage on shares of Baker Hughes in a research report on Wednesday, August 20th. They issued a "buy" rating and a $60.00 target price for the company. Finally, Capital One Financial increased their price target on shares of Baker Hughes from $49.00 to $53.00 and gave the company an "overweight" rating in a research note on Tuesday, September 16th. Twenty-two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $52.57.

Baker Hughes Price Performance

Shares of Baker Hughes stock opened at $45.49 on Tuesday. Baker Hughes has a 1-year low of $33.60 and a 1-year high of $50.92. The firm's 50-day moving average price is $45.97 and its two-hundred day moving average price is $41.33. The stock has a market capitalization of $44.85 billion, a price-to-earnings ratio of 14.87, a P/E/G ratio of 2.05 and a beta of 0.99. The company has a current ratio of 1.41, a quick ratio of 1.00 and a debt-to-equity ratio of 0.33.

Baker Hughes (NASDAQ:BKR - Get Free Report) last issued its quarterly earnings data on Friday, November 18th. The company reported $0.16 earnings per share for the quarter. The firm had revenue of $5.09 billion for the quarter. Baker Hughes had a net margin of 11.04% and a return on equity of 14.56%.

Institutional Investors Weigh In On Baker Hughes

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Forum Financial Management LP grew its holdings in shares of Baker Hughes by 1.4% during the 2nd quarter. Forum Financial Management LP now owns 17,255 shares of the company's stock valued at $662,000 after purchasing an additional 233 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Baker Hughes by 4.2% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 6,790 shares of the company's stock valued at $260,000 after purchasing an additional 275 shares during the last quarter. Prosperity Consulting Group LLC grew its holdings in shares of Baker Hughes by 2.7% during the 1st quarter. Prosperity Consulting Group LLC now owns 10,533 shares of the company's stock valued at $463,000 after purchasing an additional 278 shares during the last quarter. V Square Quantitative Management LLC grew its holdings in shares of Baker Hughes by 1.4% during the 2nd quarter. V Square Quantitative Management LLC now owns 21,758 shares of the company's stock valued at $834,000 after purchasing an additional 292 shares during the last quarter. Finally, Greenleaf Trust grew its holdings in shares of Baker Hughes by 2.2% during the 1st quarter. Greenleaf Trust now owns 13,852 shares of the company's stock valued at $609,000 after purchasing an additional 293 shares during the last quarter. 92.06% of the stock is owned by institutional investors.

Insider Buying and Selling at Baker Hughes

In other Baker Hughes news, EVP Sreeganesh Ramaswamy sold 25,000 shares of the firm's stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $50.00, for a total value of $1,250,000.00. Following the transaction, the executive vice president directly owned 40,520 shares of the company's stock, valued at $2,026,000. This trade represents a 38.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction, the chief executive officer directly owned 667,593 shares in the company, valued at approximately $29,654,481.06. This represents a 44.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 553,068 shares of company stock valued at $24,712,651 in the last ninety days. 0.27% of the stock is currently owned by company insiders.

Baker Hughes Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Tuesday, August 5th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Tuesday, August 5th. Baker Hughes's dividend payout ratio (DPR) is currently 30.07%.

About Baker Hughes

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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