Zacks Research Predicts Weaker Earnings for Baker Hughes

Baker Hughes Company (NASDAQ:BKR - Free Report) - Equities researchers at Zacks Research lowered their Q1 2026 earnings per share estimates for Baker Hughes in a research report issued on Monday, June 30th. Zacks Research analyst R. Department now anticipates that the company will earn $0.55 per share for the quarter, down from their previous forecast of $0.56. The consensus estimate for Baker Hughes' current full-year earnings is $2.59 per share. Zacks Research also issued estimates for Baker Hughes' Q1 2027 earnings at $0.66 EPS and FY2027 earnings at $3.05 EPS.

Baker Hughes (NASDAQ:BKR - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.03. The business had revenue of $6.43 billion during the quarter, compared to analysts' expectations of $6.54 billion. Baker Hughes had a net margin of 10.51% and a return on equity of 14.70%.

A number of other equities research analysts have also recently weighed in on the company. Evercore ISI dropped their price target on Baker Hughes from $52.00 to $50.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. TD Securities lowered their target price on Baker Hughes from $50.00 to $49.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Piper Sandler reduced their price target on shares of Baker Hughes from $53.00 to $50.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. TD Cowen decreased their price objective on shares of Baker Hughes from $50.00 to $49.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Finally, Barclays dropped their target price on shares of Baker Hughes from $54.00 to $48.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Two equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $49.11.

Baker Hughes Price Performance

Shares of NASDAQ:BKR traded down $0.12 during trading on Wednesday, reaching $39.71. The stock had a trading volume of 2,048,010 shares, compared to its average volume of 7,133,685. The stock has a market capitalization of $39.34 billion, a PE ratio of 13.56, a P/E/G ratio of 4.12 and a beta of 0.91. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.34 and a quick ratio of 0.93. Baker Hughes has a 52 week low of $32.25 and a 52 week high of $49.40. The business's 50-day moving average price is $37.57 and its 200 day moving average price is $41.03.

Hedge Funds Weigh In On Baker Hughes

Several institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Baker Hughes in the fourth quarter worth about $829,092,000. Nuveen LLC bought a new position in shares of Baker Hughes during the 1st quarter valued at about $404,385,000. Raymond James Financial Inc. acquired a new position in shares of Baker Hughes in the 4th quarter valued at approximately $291,289,000. Pacer Advisors Inc. increased its stake in Baker Hughes by 2,585.6% during the 1st quarter. Pacer Advisors Inc. now owns 3,856,915 shares of the company's stock worth $169,511,000 after purchasing an additional 3,713,301 shares in the last quarter. Finally, Neuberger Berman Group LLC increased its stake in Baker Hughes by 2,527.6% during the 4th quarter. Neuberger Berman Group LLC now owns 3,319,418 shares of the company's stock worth $136,158,000 after purchasing an additional 3,193,089 shares in the last quarter. Institutional investors and hedge funds own 92.06% of the company's stock.

Baker Hughes Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Tuesday, May 6th were issued a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, May 6th. This represents a $0.92 annualized dividend and a yield of 2.32%. Baker Hughes's dividend payout ratio (DPR) is presently 31.40%.

About Baker Hughes

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.