Baker Hughes (NASDAQ:BKR - Free Report ) - Investment analysts at Capital One Financial decreased their FY2024 earnings per share estimates for shares of Baker Hughes in a report issued on Wednesday, May 1st. Capital One Financial analyst D. Becker now forecasts that the company will post earnings per share of $2.12 for the year, down from their previous estimate of $2.13. The consensus estimate for Baker Hughes' current full-year earnings is $2.08 per share. Capital One Financial also issued estimates for Baker Hughes' Q4 2024 earnings at $0.63 EPS, Q1 2025 earnings at $0.54 EPS, Q2 2025 earnings at $0.65 EPS, Q3 2025 earnings at $0.71 EPS and FY2025 earnings at $2.72 EPS.
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Several other research analysts also recently commented on the company. UBS Group raised their target price on Baker Hughes from $35.00 to $36.00 in a research note on Tuesday, April 23rd. Morgan Stanley raised their target price on shares of Baker Hughes from $40.00 to $43.00 in a research report on Tuesday, April 23rd. Royal Bank of Canada reaffirmed an "outperform" rating and set a $39.00 price objective on shares of Baker Hughes in a research report on Thursday, February 1st. The Goldman Sachs Group increased their price objective on Baker Hughes from $36.00 to $38.00 in a report on Tuesday, April 23rd. Finally, Susquehanna reaffirmed a "positive" rating and issued a $40.00 target price on shares of Baker Hughes in a research report on Monday, April 8th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Baker Hughes currently has a consensus rating of "Moderate Buy" and an average price target of $40.94.
View Our Latest Analysis on Baker Hughes
Baker Hughes Stock Performance Shares of BKR traded down $0.01 during trading hours on Friday, hitting $31.92. The company's stock had a trading volume of 3,701,551 shares, compared to its average volume of 8,587,482. The company has a market cap of $31.95 billion, a price-to-earnings ratio of 17.83, a PEG ratio of 0.55 and a beta of 1.44. 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 50 day simple moving average of $32.31 and a two-hundred day simple moving average of $32.48. Baker Hughes has a 52-week low of $26.96 and a 52-week high of $37.58.
Baker Hughes (NASDAQ:BKR - Get Free Report ) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.40 by $0.03. The business had revenue of $6.42 billion for the quarter, compared to the consensus estimate of $6.37 billion. Baker Hughes had a return on equity of 11.42% and a net margin of 6.95%. Baker Hughes's revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.28 earnings per share.
Baker Hughes Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Monday, May 6th will be issued a dividend of $0.21 per share. The ex-dividend date is Friday, May 3rd. This represents a $0.84 annualized dividend and a yield of 2.63%. Baker Hughes's payout ratio is presently 46.93%.
Insider Buying and Selling In related news, SVP James E. Apostolides sold 5,000 shares of the company's stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $33.88, for a total transaction of $169,400.00. Following the transaction, the senior vice president now directly owns 14,998 shares in the company, valued at approximately $508,132.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website . In related news, SVP James E. Apostolides sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $33.88, for a total transaction of $169,400.00. Following the completion of the sale, the senior vice president now directly owns 14,998 shares of the company's stock, valued at approximately $508,132.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink . Also, SVP James E. Apostolides sold 10,000 shares of the 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 in the company, valued at approximately $425,437.44. The disclosure for this sale can be found here . 0.25% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Baker Hughes A number of institutional investors and hedge funds have recently bought and sold shares of BKR. Spire Wealth Management raised its holdings in Baker Hughes by 256.7% in the first quarter. Spire Wealth Management now owns 767 shares of the company's stock worth $26,000 after purchasing an additional 552 shares in the last quarter. Redmont Wealth Advisors LLC acquired a new stake in Baker Hughes in the first quarter valued at approximately $27,000. Bruce G. Allen Investments LLC purchased a new position in Baker Hughes in the fourth quarter worth $33,000. Montag A & Associates Inc. increased its position in shares of Baker Hughes by 100.0% during the fourth quarter. Montag A & Associates Inc. now owns 1,000 shares of the company's stock worth $34,000 after purchasing an additional 500 shares in the last quarter. Finally, OFI Invest Asset Management purchased a new stake in shares of Baker Hughes during the 3rd quarter valued at $36,000. 92.06% of the stock is owned by institutional investors.
About Baker Hughes (
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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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