Atb Cap Markets Comments on Baker Hughes’ Q4 2024 Earnings (NASDAQ:BKR)

Baker Hughes (NASDAQ:BKR) – Equities researchers at Atb Cap Markets reduced their Q4 2024 EPS estimates for shares of Baker Hughes in a research report issued on Wednesday, April 24th. Atb Cap Markets analyst W. Syed now anticipates that the company will earn $0.64 per share for the quarter, down from their prior forecast of $0.70. The consensus estimate for Baker Hughes’ current full-year earnings is $2.08 per share. Atb Cap Markets also issued estimates for Baker Hughes’ Q3 2025 earnings at $0.60 EPS, Q4 2025 earnings at $0.81 EPS, FY2025 earnings at $2.46 EPS, Q1 2026 earnings at $0.57 EPS and FY2026 earnings at $2.81 EPS.

Several other equities analysts also recently weighed in on the stock. Citigroup reduced their target price on shares of Baker Hughes from $42.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, January 26th. Barclays lowered their target price on shares of Baker Hughes from $43.00 to $42.00 and set an “overweight” rating on the stock in a report on Friday, January 26th. Morgan Stanley raised their price target on Baker Hughes from $40.00 to $43.00 in a report on Tuesday, April 23rd. Susquehanna reiterated a “positive” rating and issued a $40.00 price target on shares of Baker Hughes in a research report on Monday, April 8th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $39.00 price objective on shares of Baker Hughes in a report on Thursday, February 1st. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $40.94.

Baker Hughes Trading Down 1.4 %

Shares of BKR opened at $32.84 on Monday. Baker Hughes has a fifty-two week low of $26.81 and a fifty-two week high of $37.58. The business has a 50-day moving average of $32.05 and a 200 day moving average of $32.51. The firm has a market cap of $32.87 billion, a P/E ratio of 18.35, a price-to-earnings-growth ratio of 0.62 and a beta of 1.42. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.86 and a current ratio of 1.25.

Baker Hughes (NASDAQ:BKR) last released its earnings results on Wednesday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, topping 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 business had revenue of $6.42 billion during the quarter, compared to the consensus estimate of $6.37 billion. During the same period last year, the business posted $0.28 earnings per share. The business’s revenue for the quarter was up 12.3% on a year-over-year basis.

Baker Hughes Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Monday, May 6th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $0.84 dividend on an annualized basis and a yield of 2.56%. Baker Hughes’s dividend payout ratio is presently 46.93%.

Insider Buying and Selling at Baker Hughes

In related news, SVP James E. Apostolides sold 5,000 shares of the business’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 value of $169,400.00. Following the completion of the sale, the senior vice president now owns 14,998 shares in the company, valued at approximately $508,132.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, SVP James E. Apostolides sold 5,000 shares of the stock in a transaction on 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 owns 14,998 shares of the company’s stock, valued at approximately $508,132.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 transaction of $294,400.00. Following the completion of the transaction, 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. Company insiders own 0.25% of the company’s stock.

Institutional Investors Weigh In On Baker Hughes

Institutional investors have recently bought and sold shares of the stock. Louisiana State Employees Retirement System purchased a new position in shares of Baker Hughes in the fourth quarter valued at about $4,813,000. Nordea Investment Management AB grew its stake in shares of Baker Hughes by 731.1% in the fourth quarter. Nordea Investment Management AB now owns 1,458,833 shares of the company’s stock worth $49,732,000 after purchasing an additional 1,283,296 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Baker Hughes by 12.0% in the third quarter. Wellington Management Group LLP now owns 905,513 shares of the company’s stock worth $31,983,000 after purchasing an additional 97,108 shares during the last quarter. Wedge Capital Management L L P NC increased its holdings in Baker Hughes by 15.4% during the 4th quarter. Wedge Capital Management L L P NC now owns 527,145 shares of the company’s stock valued at $18,018,000 after purchasing an additional 70,257 shares during the period. Finally, Artemis Investment Management LLP raised its position in Baker Hughes by 8.7% during the 4th quarter. Artemis Investment Management LLP now owns 3,111,853 shares of the company’s stock valued at $106,365,000 after purchasing an additional 248,125 shares during the last quarter. 92.06% of the stock is currently owned by hedge funds and other institutional investors.

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.