Baker Hughes (BKR) Set to Announce Earnings on Monday

Baker Hughes (NASDAQ:BKRGet Rating) will issue its quarterly earnings data before the market opens on Monday, January 23rd. Analysts expect the company to announce earnings of $0.40 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Baker Hughes (NASDAQ:BKRGet Rating) last posted its earnings results on Wednesday, October 19th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.01. The firm had revenue of $5.36 billion during the quarter, compared to analyst estimates of $5.43 billion. Baker Hughes had a negative net margin of 2.36% and a positive return on equity of 4.77%. The business’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.16 EPS. On average, analysts expect Baker Hughes to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Baker Hughes Price Performance

BKR opened at $31.63 on Monday. The firm has a market cap of $31.90 billion, a P/E ratio of -68.76, a PEG ratio of 0.44 and a beta of 1.48. The firm has a 50-day moving average of $29.32 and a 200 day moving average of $26.63. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.08 and a current ratio of 1.51. Baker Hughes has a fifty-two week low of $20.42 and a fifty-two week high of $39.78.

Baker Hughes Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 18th. Stockholders of record on Monday, November 7th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.40%. This is an increase from Baker Hughes’s previous quarterly dividend of $0.18. The ex-dividend date was Friday, November 4th. Baker Hughes’s dividend payout ratio is presently -165.22%.

Insider Buying and Selling at Baker Hughes

In other Baker Hughes news, Director Gregory D. Brenneman sold 85,000 shares of the company’s stock in a transaction on Friday, November 11th. The stock was sold at an average price of $31.23, for a total value of $2,654,550.00. Following the transaction, the director now owns 16,842 shares of the company’s stock, valued at approximately $525,975.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Maria C. Borras sold 9,811 shares of the stock in a transaction on Wednesday, November 30th. The stock was sold at an average price of $29.02, for a total transaction of $284,715.22. Following the transaction, the executive vice president now owns 74,474 shares of the company’s stock, valued at approximately $2,161,235.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gregory D. Brenneman sold 85,000 shares of the stock in a transaction on Friday, November 11th. The stock was sold at an average price of $31.23, for a total value of $2,654,550.00. Following the transaction, the director now directly owns 16,842 shares in the company, valued at approximately $525,975.66. The disclosure for this sale can be found here. Insiders have sold 285,303 shares of company stock valued at $8,816,980 in the last quarter. 0.29% of the stock is owned by insiders.

Institutional Investors Weigh In On Baker Hughes

Hedge funds have recently made changes to their positions in the stock. Covestor Ltd lifted its stake in shares of Baker Hughes by 104.7% during the 1st quarter. Covestor Ltd now owns 1,349 shares of the company’s stock worth $49,000 after purchasing an additional 690 shares during the last quarter. Federated Hermes Inc. raised its stake in Baker Hughes by 509.6% in the first quarter. Federated Hermes Inc. now owns 2,908 shares of the company’s stock valued at $106,000 after buying an additional 2,431 shares during the last quarter. Brown Brothers Harriman & Co. raised its stake in Baker Hughes by 3,802.6% in the first quarter. Brown Brothers Harriman & Co. now owns 4,449 shares of the company’s stock valued at $162,000 after buying an additional 4,335 shares during the last quarter. Loomis Sayles & Co. L P purchased a new stake in Baker Hughes in the first quarter valued at about $164,000. Finally, Ontario Teachers Pension Plan Board purchased a new stake in Baker Hughes in the first quarter valued at about $211,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on BKR shares. Citigroup decreased their price objective on shares of Baker Hughes from $40.00 to $36.00 in a research report on Tuesday, October 4th. Jefferies Financial Group initiated coverage on shares of Baker Hughes in a report on Wednesday, October 19th. They issued a “buy” rating and a $35.00 target price on the stock. Wells Fargo & Company cut shares of Baker Hughes from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $32.00 to $29.00 in a report on Wednesday, October 26th. They noted that the move was a valuation call. Bank of America raised their price target on Baker Hughes from $31.00 to $32.00 and gave the stock a “buy” rating in a research note on Thursday, October 20th. Finally, ATB Capital dropped their price target on Baker Hughes to $37.00 in a research note on Thursday, October 20th. One analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Baker Hughes presently has an average rating of “Moderate Buy” and a consensus price target of $35.02.

Baker Hughes Company Profile

(Get Rating)

Baker Hughes Company provides a portfolio of technologies and services to energy and industrial value chain worldwide. It operates through two segments: Oilfield Services & Equipment and Industrial & Energy Technology. The company offers exploration, drilling, wireline, evaluation, completion, production, and intervention services; and drilling and completions fluids, wireline services, downhole completion tools and systems, wellbore intervention tools and services, pressure pumping systems, oilfield and industrial chemicals, and artificial lift technologies for oil and natural gas, and oilfield service companies.

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Earnings History for Baker Hughes (NASDAQ:BKR)

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