Erste Group Bank Estimates BHP Group FY2028 Earnings

Key Points

• Erste Group Bank forecasts BHP Group’s FY2028 EPS at $4.92, below the current consensus estimate of $5.05 per share.
• Analyst sentiment remains cautious, with BHP carrying a consensus “Hold” rating and an average price target of $78, despite shares opening at $95.27 and trading near their 12-month high.
• Institutional investors have recently taken new or increased positions in BHP, while the company declared a $1.98-per-share dividend payable September 23 to shareholders of record September 4.

BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) - Analysts at Erste Group Bank issued their FY2028 earnings per share (EPS) estimates for BHP Group in a research note issued on Thursday, August 27th. Erste Group Bank analyst S. Lingnau forecasts that the mining company will earn $4.92 per share for the year. The consensus estimate for BHP Group's current full-year earnings is $5.05 per share.

BHP has been the topic of several other reports. Bank of America reduced their target price on BHP Group from $93.00 to $91.00 and set a "neutral" rating on the stock in a research report on Monday, June 22nd. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of BHP Group in a research note on Thursday, July 2nd. Weiss Ratings upgraded shares of BHP Group from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, August 18th. Citigroup reiterated a "neutral" rating on shares of BHP Group in a research note on Monday, June 8th. Finally, DZ Bank upgraded shares of BHP Group from a "strong sell" rating to a "hold" rating in a research note on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, BHP Group has an average rating of "Hold" and a consensus price target of $78.00.

BHP Group Trading Up 0.1%

Shares of BHP opened at $95.27 on Monday. The company has a current ratio of 1.88, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43. BHP Group has a 12 month low of $51.83 and a 12 month high of $98.71. The stock has a fifty day moving average price of $86.13 and a 200-day moving average price of $81.78.

Institutional Trading of BHP Group

Large investors have recently added to or reduced their stakes in the company. Main Street Research LLC acquired a new stake in BHP Group in the 1st quarter valued at $37,767,000. Ferguson Wellman Capital Management Inc. acquired a new position in BHP Group during the first quarter worth $18,591,000. Icon Advisers Inc. Co. raised its position in BHP Group by 47.5% during the first quarter. Icon Advisers Inc. Co. now owns 59,000 shares of the mining company's stock worth $4,292,000 after acquiring an additional 19,000 shares during the period. Primoris Wealth Advisors LLC purchased a new position in BHP Group during the fourth quarter valued at $1,389,000. Finally, Himension Capital Singapore PTE. LTD. purchased a new position in BHP Group during the first quarter valued at $1,705,000. Hedge funds and other institutional investors own 3.79% of the company's stock.

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 given a dividend of $1.98 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a yield of 404.0%.

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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