Atb Cap Markets Expects Stronger Earnings for Baker Hughes

Key Points

• Atb Cap Markets has raised its FY2025 earnings estimate for Baker Hughes to $2.39 per share, reflecting a positive outlook compared to the previous forecast of $2.25.
• Multiple analysts have adjusted their price targets for Baker Hughes, with Citigroup and Goldman Sachs reducing their objectives, while TD Cowen increased theirs to $54.00, maintaining a "buy" rating.
• The company announced a quarterly dividend of $0.23 per share, resulting in an annualized dividend of $0.92 and a 2.00% yield, with the ex-dividend date set for August 5th.

Baker Hughes Company (NASDAQ:BKR - Free Report) - Atb Cap Markets boosted their FY2025 EPS estimates for shares of Baker Hughes in a report issued on Wednesday, July 23rd. Atb Cap Markets analyst W. Syed now anticipates that the company will post earnings per share of $2.39 for the year, up from their previous forecast of $2.25. The consensus estimate for Baker Hughes' current full-year earnings is $2.59 per share. Atb Cap Markets also issued estimates for Baker Hughes' Q1 2026 earnings at $0.48 EPS, Q4 2026 earnings at $0.75 EPS, FY2026 earnings at $2.52 EPS, Q1 2027 earnings at $0.52 EPS, Q2 2027 earnings at $0.66 EPS and FY2027 earnings at $2.66 EPS.

Baker Hughes (NASDAQ:BKR - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.08. Baker Hughes had a net margin of 11.04% and a return on equity of 14.56%. The company had revenue of $6.91 billion for the quarter, compared to analysts' expectations of $6.64 billion. During the same period last year, the company earned $0.57 EPS. The firm's revenue for the quarter was down 3.2% compared to the same quarter last year.

BKR has been the topic of several other reports. Piper Sandler decreased their price target on shares of Baker Hughes from $53.00 to $50.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Royal Bank Of Canada cut their price objective on shares of Baker Hughes from $50.00 to $46.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. The Goldman Sachs Group decreased their target price on shares of Baker Hughes from $42.00 to $41.00 and set a "buy" rating on the stock in a research report on Wednesday, July 2nd. Industrial Alliance Securities set a $53.00 target price on shares of Baker Hughes in a research report on Wednesday. Finally, Stifel Nicolaus decreased their target price on shares of Baker Hughes from $50.00 to $49.00 and set a "buy" rating on the stock in a research report on Wednesday, July 16th. Three equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $51.47.

Baker Hughes Trading Up 0.1%

Shares of Baker Hughes stock traded up $0.03 during mid-day trading on Monday, hitting $45.56. 1,063,895 shares of the stock were exchanged, compared to its average volume of 8,085,189. Baker Hughes has a twelve month low of $32.25 and a twelve month high of $49.40. The stock has a market capitalization of $45.14 billion, a price-to-earnings ratio of 14.92, a price-to-earnings-growth ratio of 5.65 and a beta of 0.91. The company has a 50-day simple moving average of $39.41 and a 200 day simple moving average of $41.02. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Tuesday, August 5th will be paid a dividend of $0.23 per share. The ex-dividend date is Tuesday, August 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.02%. Baker Hughes's dividend payout ratio is currently 30.07%.

Insider Activity

In other news, CEO Lorenzo Simonelli sold 526,568 shares of Baker Hughes stock in a transaction that occurred on 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 sale, the chief executive officer owned 667,593 shares in the company, valued at $29,654,481.06. This trade represents a 44.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.27% of the stock is owned by corporate insiders.

Institutional Trading of Baker Hughes

A number of hedge funds have recently made changes to their positions in the company. Forum Financial Management LP raised its stake in shares of Baker Hughes by 1.4% during the second 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 period. Prosperity Consulting Group LLC increased its stake in shares of Baker Hughes by 2.7% in the first quarter. Prosperity Consulting Group LLC now owns 10,533 shares of the company's stock worth $463,000 after buying an additional 278 shares during the last quarter. V Square Quantitative Management LLC increased its stake in shares of Baker Hughes by 1.4% in the second quarter. V Square Quantitative Management LLC now owns 21,758 shares of the company's stock worth $834,000 after buying an additional 292 shares during the last quarter. Greenleaf Trust increased its stake in shares of Baker Hughes by 2.2% in the first quarter. Greenleaf Trust now owns 13,852 shares of the company's stock worth $609,000 after buying an additional 293 shares during the last quarter. Finally, Moody National Bank Trust Division increased its stake in shares of Baker Hughes by 5.9% in the second quarter. Moody National Bank Trust Division now owns 5,351 shares of the company's stock worth $205,000 after buying an additional 296 shares during the last quarter. Hedge funds and other institutional investors own 92.06% of the company's stock.

Baker Hughes Company Profile

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.