Baker Hughes (NASDAQ:BKR - Free Report) - Equities researchers at Atb Cap Markets upped their Q4 2024 earnings estimates for shares of Baker Hughes in a research report issued to clients and investors on Sunday, April 7th. Atb Cap Markets analyst W. Syed now forecasts that the company will post earnings per share of $0.70 for the quarter, up from their prior forecast of $0.69. The consensus estimate for Baker Hughes' current full-year earnings is $2.07 per share. Atb Cap Markets also issued estimates for Baker Hughes' Q1 2026 earnings at $0.61 EPS and FY2026 earnings at $2.90 EPS.
Baker Hughes (NASDAQ:BKR - Get Free Report) last released its quarterly earnings results on Wednesday, January 24th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.04. The firm had revenue of $6.84 billion during the quarter, compared to analyst estimates of $6.93 billion. Baker Hughes had a net margin of 7.62% and a return on equity of 10.63%. The company's revenue was up 15.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.38 EPS.
BKR has been the subject of several other research reports. Wolfe Research downgraded shares of Baker Hughes from an "outperform" rating to a "peer perform" rating in a research report on Monday, January 29th. Citigroup dropped their price objective on Baker Hughes from $42.00 to $41.00 and set a "buy" rating on the stock in a research note on Friday, January 26th. Barclays dropped their price objective on Baker Hughes from $43.00 to $42.00 and set an "overweight" rating on the stock in a research note on Friday, January 26th. TD Cowen raised their price objective on Baker Hughes from $46.00 to $49.00 and gave the company an "outperform" rating in a research note on Thursday, January 25th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $39.00 price objective on shares of Baker Hughes in a research note on Thursday, February 1st. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $40.87.
Read Our Latest Stock Report on BKR
Baker Hughes Trading Down 0.1 %
Shares of BKR stock traded down $0.04 during trading hours on Wednesday, hitting $34.15. 4,281,087 shares of the company were exchanged, compared to its average volume of 9,105,240. The firm has a market cap of $34.18 billion, a P/E ratio of 17.88, a P/E/G ratio of 0.71 and a beta of 1.42. Baker Hughes has a fifty-two week low of $26.81 and a fifty-two week high of $37.58. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.86 and a current ratio of 1.25. The company has a 50 day simple moving average of $31.18 and a two-hundred day simple moving average of $32.71.
Hedge Funds Weigh In On Baker Hughes
Several institutional investors and hedge funds have recently modified their holdings of BKR. Jefferies Financial Group Inc. bought a new position in shares of Baker Hughes during the fourth quarter valued at $27,000. Hall Laurie J Trustee bought a new stake in Baker Hughes in the 3rd quarter worth about $28,000. Bruce G. Allen Investments LLC bought a new stake in Baker Hughes in the 4th quarter worth about $33,000. Montag A & Associates Inc. increased its holdings in Baker Hughes by 100.0% in the 4th quarter. Montag A & Associates Inc. now owns 1,000 shares of the company's stock worth $34,000 after buying an additional 500 shares in the last quarter. Finally, OFI Invest Asset Management bought a new stake in Baker Hughes in the 3rd quarter worth about $36,000. 92.06% of the stock is currently owned by institutional investors.
Insider Activity
In related news, SVP James E. Apostolides sold 10,000 shares of the firm's stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $29.44, for a total value of $294,400.00. Following the completion of the sale, the senior vice president now owns 14,451 shares of the company's stock, valued at $425,437.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Baker Hughes news, SVP James E. Apostolides sold 10,000 shares of the firm's stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $29.44, for a total transaction of $294,400.00. Following the completion of the transaction, the senior vice president now owns 14,451 shares of the company's stock, valued at $425,437.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP James E. Apostolides sold 5,000 shares of the firm's stock in a transaction on Friday, April 5th. The shares were sold at an average price of $33.88, for a total value of $169,400.00. Following the transaction, the senior vice president now directly owns 14,998 shares of the company's stock, valued at approximately $508,132.24. The disclosure for this sale can be found here. Insiders own 0.24% of the company's stock.
Baker Hughes Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Tuesday, February 13th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend was Monday, February 12th. This is a positive change from Baker Hughes's previous quarterly dividend of $0.20. Baker Hughes's dividend payout ratio is 43.98%.
About Baker Hughes
(
Get Free Report)
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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