BHP Group FY2027 EPS Estimate Boosted by Erste Group Bank

Key Points

• Erste Group Bank raised its FY2027 EPS forecast for BHP Group to $5.12 from $5.04, above the current consensus estimate of $5.05.
• Analyst sentiment remains mixed, with BHP carrying a consensus “Hold” rating and an average price target of $78.00.
• BHP shares opened at $94.03 and remain near their 12-month high of $98.71; the company also declared a $1.98 dividend payable September 23 to shareholders of record September 4.

BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) - Equities research analysts at Erste Group Bank boosted their FY2027 EPS estimates for BHP Group in a report issued on Thursday, August 27th. Erste Group Bank analyst S. Lingnau now forecasts that the mining company will post earnings of $5.12 per share for the year, up from their previous forecast of $5.04. The consensus estimate for BHP Group's current full-year earnings is $5.05 per share.

BHP has been the topic of several other research reports. DZ Bank upgraded BHP Group from a "strong sell" rating to a "hold" rating in a report on Thursday, May 28th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of BHP Group in a report on Thursday, July 2nd. Wall Street Zen lowered BHP Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 22nd. Weiss Ratings raised BHP Group from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, August 18th. Finally, Zacks Research downgraded BHP Group from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $78.00.

BHP Group Price Performance

NYSE BHP opened at $94.03 on Tuesday. The company has a 50-day simple moving average of $86.30 and a two-hundred day simple moving average of $81.93. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.48 and a current ratio of 1.88. BHP Group has a 12-month low of $51.83 and a 12-month high of $98.71.

BHP Group Dividend Announcement

The company also recently declared a dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Friday, September 4th will be issued a $1.98 dividend. This represents a yield of 404.0%. The ex-dividend date of this dividend is Friday, September 4th.

Hedge Funds Weigh In On BHP Group

Several hedge funds and other institutional investors have recently modified their holdings of BHP. Bayban purchased a new stake in shares of BHP Group during the fourth quarter worth about $25,000. Hilton Head Capital Partners LLC purchased a new position in BHP Group during the 4th quarter valued at about $26,000. Garton & Associates Financial Advisors LLC purchased a new position in BHP Group during the 4th quarter valued at about $26,000. Whipplewood Advisors LLC increased its holdings in BHP Group by 8,320.0% during the 1st quarter. Whipplewood Advisors LLC now owns 421 shares of the mining company's stock valued at $31,000 after purchasing an additional 416 shares during the period. Finally, Addison Advisors LLC raised its position in BHP Group by 31.8% during the 4th quarter. Addison Advisors LLC now owns 751 shares of the mining company's stock valued at $45,000 after purchasing an additional 181 shares during the last quarter. 3.79% of the stock is owned by institutional investors.

About BHP Group

BHP Group is an Anglo-Australian natural resources company engaged principally in the exploration, development, production and marketing of commodities. Its core businesses include the extraction and processing of iron ore, copper, metallurgical and thermal coal, nickel and other minerals. BHP operates large-scale mining and processing assets and supplies raw materials used across steelmaking, energy and industrial supply chains.

The company has a global operating footprint with significant assets and projects in Australia and the Americas, and commercial activities that serve customers worldwide.

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