Baker Hughes Q4 EPS Estimate Decreased by Zacks Research

Baker Hughes Company (NASDAQ:BKR) – Equities research analysts at Zacks Research lowered their Q4 2026 earnings estimates for shares of Baker Hughes in a report released on Monday, October 13th. Zacks Research analyst Team now anticipates that the company will post earnings per share of $0.72 for the quarter, down from their prior estimate of $0.73. The consensus estimate for Baker Hughes’ current full-year earnings is $2.59 per share.

Baker Hughes (NASDAQ:BKR) last released its quarterly earnings data on Friday, November 18th. The company reported $0.16 earnings per share (EPS) for the quarter. Baker Hughes had a net margin of 11.04% and a return on equity of 14.56%. The business had revenue of $5.09 billion during the quarter.

Several other equities research analysts also recently weighed in on the company. Seaport Res Ptn downgraded Baker Hughes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 29th. Morgan Stanley increased their target price on Baker Hughes from $45.00 to $55.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Royal Bank Of Canada boosted their price target on Baker Hughes from $50.00 to $54.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Industrial Alliance Securities set a $53.00 price objective on Baker Hughes in a research note on Wednesday, July 30th. Finally, Stifel Nicolaus dropped their price objective on shares of Baker Hughes from $50.00 to $49.00 and set a “buy” rating for the company in a report on Wednesday, July 16th. Twenty-two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $52.83.

Baker Hughes Stock Down 0.8%

Shares of NASDAQ:BKR opened at $44.47 on Wednesday. The company has a fifty day moving average of $46.01 and a 200-day moving average of $41.37. The company has a market capitalization of $43.84 billion, a PE ratio of 14.53, a price-to-earnings-growth ratio of 2.04 and a beta of 0.99. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.00 and a current ratio of 1.41. Baker Hughes has a 52-week low of $33.60 and a 52-week high of $50.92.

Baker Hughes Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Tuesday, August 5th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Tuesday, August 5th. Baker Hughes’s dividend payout ratio is currently 30.07%.

Insider Activity

In other news, CEO Lorenzo Simonelli sold 526,568 shares of the stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $44.42, for a total transaction of $23,390,150.56. Following the completion of the sale, the chief executive officer directly owned 667,593 shares in the company, valued at $29,654,481.06. This represents a 44.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Rebecca L. Charlton sold 1,000 shares of Baker Hughes stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $50.00, for a total transaction of $50,000.00. Following the transaction, the chief accounting officer directly owned 11,772 shares of the company’s stock, valued at $588,600. This represents a 7.83% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 553,068 shares of company stock valued at $24,712,651. 0.27% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Baker Hughes

Several large investors have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in Baker Hughes in the second quarter valued at approximately $862,722,000. Nuveen LLC bought a new stake in shares of Baker Hughes in the 1st quarter valued at $404,385,000. Pacer Advisors Inc. lifted its position in shares of Baker Hughes by 2,585.6% during the 1st quarter. Pacer Advisors Inc. now owns 3,856,915 shares of the company’s stock valued at $169,511,000 after acquiring an additional 3,713,301 shares during the period. First Trust Advisors LP boosted its stake in Baker Hughes by 76.0% during the second quarter. First Trust Advisors LP now owns 7,419,033 shares of the company’s stock worth $284,446,000 after acquiring an additional 3,203,942 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in Baker Hughes by 247.5% in the second quarter. Sei Investments Co. now owns 3,134,494 shares of the company’s stock worth $120,177,000 after purchasing an additional 2,232,394 shares during the period. Institutional investors and hedge funds own 92.06% of the company’s stock.

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.