Halliburton (NYSE:HAL) Expected to Announce Earnings of $0.45 Per Share

Equities research analysts expect Halliburton (NYSE:HALGet Rating) to announce $0.45 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for Halliburton’s earnings, with estimates ranging from $0.44 to $0.45. Halliburton posted earnings per share of $0.26 in the same quarter last year, which suggests a positive year-over-year growth rate of 73.1%. The company is expected to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Halliburton will report full year earnings of $1.90 per share for the current financial year, with EPS estimates ranging from $1.69 to $2.02. For the next financial year, analysts forecast that the business will report earnings of $2.71 per share, with EPS estimates ranging from $2.14 to $3.07. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Halliburton.

Halliburton (NYSE:HALGet Rating) last issued its quarterly earnings results on Tuesday, April 19th. The oilfield services company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.34 by $0.01. The company had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.20 billion. Halliburton had a net margin of 9.61% and a return on equity of 17.83%. The firm’s revenue was up 24.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.19 EPS.

A number of equities research analysts recently commented on HAL shares. Cowen increased their target price on shares of Halliburton from $33.00 to $35.00 and gave the company an “outperform” rating in a research report on Tuesday, January 25th. HSBC upgraded shares of Halliburton from a “hold” rating to a “buy” rating and raised their price target for the company from $36.60 to $41.60 in a research report on Wednesday, April 27th. Royal Bank of Canada lifted their target price on shares of Halliburton from $45.00 to $49.00 in a research report on Wednesday, April 20th. Susquehanna Bancshares lifted their target price on shares of Halliburton from $45.00 to $48.00 in a research report on Wednesday, April 20th. Finally, Wells Fargo & Company lifted their target price on shares of Halliburton from $30.00 to $40.00 and gave the company an “equal weight” rating in a research report on Thursday, March 31st. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, Halliburton has an average rating of “Buy” and a consensus price target of $37.93.

Shares of HAL stock opened at $35.62 on Monday. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.19 and a quick ratio of 1.61. The company has a market capitalization of $32.13 billion, a P/E ratio of 20.59 and a beta of 2.42. The company’s 50-day simple moving average is $36.77 and its two-hundred day simple moving average is $29.82. Halliburton has a one year low of $17.82 and a one year high of $42.60.

In other Halliburton news, CAO Charles Jr. Geer sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, March 7th. The shares were sold at an average price of $35.00, for a total transaction of $122,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey Allen Miller sold 58,600 shares of the business’s stock in a transaction that occurred on Tuesday, April 12th. The stock was sold at an average price of $40.00, for a total transaction of $2,344,000.00. Following the transaction, the chief executive officer now owns 850,421 shares of the company’s stock, valued at approximately $34,016,840. The disclosure for this sale can be found here. Insiders sold 286,790 shares of company stock valued at $11,033,166 in the last 90 days. Company insiders own 0.57% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Modera Wealth Management LLC purchased a new stake in shares of Halliburton during the 4th quarter worth approximately $226,000. Janus Henderson Group PLC lifted its position in shares of Halliburton by 52.6% during the 3rd quarter. Janus Henderson Group PLC now owns 691,443 shares of the oilfield services company’s stock worth $14,949,000 after buying an additional 238,362 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Halliburton by 14.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 15,131 shares of the oilfield services company’s stock worth $346,000 after buying an additional 1,894 shares during the last quarter. Twinbeech Capital LP lifted its position in shares of Halliburton by 26.9% during the 3rd quarter. Twinbeech Capital LP now owns 79,460 shares of the oilfield services company’s stock worth $1,718,000 after buying an additional 16,823 shares during the last quarter. Finally, Hartford Investment Management Co. lifted its position in shares of Halliburton by 12.3% during the 4th quarter. Hartford Investment Management Co. now owns 96,289 shares of the oilfield services company’s stock worth $2,202,000 after buying an additional 10,557 shares during the last quarter. Institutional investors own 79.17% of the company’s stock.

About Halliburton (Get Rating)

Halliburton Company provides products and services to the energy industry worldwide. It operates in two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems; production solutions comprising coiled tubing, hydraulic workover units, downhole tools, and pumping and nitrogen services; and pipeline and process services, such as pre-commissioning, commissioning, maintenance, and decommissioning.

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