Baker Hughes (NASDAQ:BKR - Free Report) - Equities researchers at Seaport Res Ptn raised their Q2 2024 earnings per share (EPS) estimates for Baker Hughes in a note issued to investors on Sunday, April 28th. Seaport Res Ptn analyst T. Curran now anticipates that the company will earn $0.48 per share for the quarter, up from their previous estimate of $0.46. The consensus estimate for Baker Hughes' current full-year earnings is $2.08 per share. Seaport Res Ptn also issued estimates for Baker Hughes' Q4 2024 earnings at $0.59 EPS, FY2024 earnings at $2.12 EPS, Q1 2025 earnings at $0.47 EPS, Q2 2025 earnings at $0.65 EPS, Q3 2025 earnings at $0.76 EPS, Q4 2025 earnings at $0.77 EPS and FY2025 earnings at $2.66 EPS.
Baker Hughes (NASDAQ:BKR - Get Free Report) last posted its earnings results on Wednesday, April 24th. The company reported $0.43 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.03. Baker Hughes had a return on equity of 11.42% and a net margin of 6.95%. The company had revenue of $6.42 billion for the quarter, compared to analyst estimates of $6.37 billion. During the same quarter last year, the company earned $0.28 earnings per share. The company's revenue for the quarter was up 12.3% on a year-over-year basis.
BKR has been the topic of a number of other research reports. Wolfe Research lowered Baker Hughes from an "outperform" rating to a "peer perform" rating in a report on Monday, January 29th. Barclays decreased their price target on Baker Hughes from $43.00 to $42.00 and set an "overweight" rating for the company in a research report on Friday, January 26th. Citigroup decreased their price target on Baker Hughes from $42.00 to $41.00 and set a "buy" rating for the company in a research report on Friday, January 26th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $39.00 price target on shares of Baker Hughes in a research report on Thursday, February 1st. Finally, Morgan Stanley increased their price target on Baker Hughes from $40.00 to $43.00 in a research report on Tuesday, April 23rd. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, Baker Hughes currently has a consensus rating of "Moderate Buy" and an average price target of $40.94.
Check Out Our Latest Stock Analysis on BKR
Baker Hughes Stock Down 1.8 %
Shares of BKR stock traded down $0.60 during trading hours on Tuesday, reaching $32.62. The company had a trading volume of 9,582,593 shares, compared to its average volume of 8,731,166. Baker Hughes has a 12 month low of $26.81 and a 12 month high of $37.58. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.25 and a quick ratio of 0.84. The business has a fifty day simple moving average of $32.20 and a 200-day simple moving average of $32.48. The company has a market cap of $32.65 billion, a price-to-earnings ratio of 18.22, a price-to-earnings-growth ratio of 0.62 and a beta of 1.42.
Baker Hughes Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Monday, May 6th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend is Friday, May 3rd. Baker Hughes's dividend payout ratio (DPR) is presently 46.93%.
Insider Activity
In other news, SVP James E. Apostolides sold 10,000 shares of Baker Hughes 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 transaction, the senior vice president now directly owns 14,451 shares in the company, valued at $425,437.44. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, SVP James E. Apostolides sold 10,000 shares of Baker Hughes 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 transaction, the senior vice president now directly owns 14,451 shares in the company, valued at $425,437.44. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP James E. Apostolides sold 5,000 shares of Baker Hughes 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 sale, 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. 0.25% of the stock is owned by company insiders.
Institutional Investors Weigh In On Baker Hughes
Large investors have recently added to or reduced their stakes in the business. Blue Trust Inc. lifted its stake in Baker Hughes by 15.5% during the fourth quarter. Blue Trust Inc. now owns 2,432 shares of the company's stock worth $85,000 after purchasing an additional 327 shares during the last quarter. Rational Advisors LLC lifted its stake in Baker Hughes by 44.0% during the third quarter. Rational Advisors LLC now owns 1,250 shares of the company's stock worth $44,000 after purchasing an additional 382 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its stake in Baker Hughes by 6.6% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,400 shares of the company's stock worth $219,000 after purchasing an additional 398 shares during the last quarter. Huntington National Bank lifted its stake in Baker Hughes by 8.2% during the third quarter. Huntington National Bank now owns 5,501 shares of the company's stock worth $194,000 after purchasing an additional 416 shares during the last quarter. Finally, Blair William & Co. IL lifted its stake in Baker Hughes by 2.8% during the third quarter. Blair William & Co. IL now owns 15,086 shares of the company's stock worth $533,000 after purchasing an additional 416 shares during the last quarter. Institutional investors own 92.06% of the company's stock.
Baker Hughes Company Profile
(
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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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