Analysts Anticipate Baker Hughes A GE Co (BHGE) Will Announce Earnings of $0.19 Per Share

Wall Street brokerages expect Baker Hughes A GE Co (NYSE:BHGE) to post earnings per share (EPS) of $0.19 for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Baker Hughes A GE’s earnings. The lowest EPS estimate is $0.17 and the highest is $0.21. Baker Hughes A GE posted earnings of $0.10 per share in the same quarter last year, which would suggest a positive year over year growth rate of 90%. The company is expected to report its next earnings report on Friday, July 19th.

On average, analysts expect that Baker Hughes A GE will report full-year earnings of $0.99 per share for the current year, with EPS estimates ranging from $0.90 to $1.09. For the next financial year, analysts forecast that the business will report earnings of $1.58 per share, with EPS estimates ranging from $1.24 to $1.83. Zacks’ earnings per share averages are a mean average based on a survey of analysts that cover Baker Hughes A GE.

Baker Hughes A GE (NYSE:BHGE) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.14 by $0.01. Baker Hughes A GE had a net margin of 0.68% and a return on equity of 0.88%. The company had revenue of $5.62 billion for the quarter, compared to analyst estimates of $5.63 billion. During the same period in the prior year, the company earned $0.09 earnings per share. The firm’s revenue was up 4.0% on a year-over-year basis.

Several equities research analysts have commented on BHGE shares. Morgan Stanley lowered shares of Baker Hughes A GE from an “overweight” rating to an “equal weight” rating in a report on Tuesday, March 5th. Zacks Investment Research raised shares of Baker Hughes A GE from a “sell” rating to a “hold” rating in a report on Wednesday, March 6th. ValuEngine lowered shares of Baker Hughes A GE from a “hold” rating to a “sell” rating in a report on Saturday, March 9th. Goldman Sachs Group started coverage on shares of Baker Hughes A GE in a report on Sunday, March 10th. They issued a “conviction-buy” rating and a $36.00 price target on the stock. Finally, Societe Generale started coverage on shares of Baker Hughes A GE in a report on Wednesday, February 27th. They issued a “buy” rating and a $36.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Baker Hughes A GE presently has an average rating of “Buy” and a consensus target price of $35.56.

NYSE:BHGE opened at $22.95 on Tuesday. Baker Hughes A GE has a one year low of $20.09 and a one year high of $35.68. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.11 and a current ratio of 1.65. The firm has a market capitalization of $23.05 billion, a price-to-earnings ratio of 34.77, a price-to-earnings-growth ratio of 0.76 and a beta of 0.84.

The company also recently announced a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Tuesday, May 21st were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 3.14%. The ex-dividend date was Monday, May 20th. Baker Hughes A GE’s payout ratio is currently 109.09%.

Several hedge funds have recently bought and sold shares of BHGE. Bank of Montreal Can boosted its stake in shares of Baker Hughes A GE by 16.2% during the 4th quarter. Bank of Montreal Can now owns 253,512 shares of the company’s stock worth $5,450,000 after acquiring an additional 35,292 shares in the last quarter. Arizona State Retirement System lifted its stake in Baker Hughes A GE by 2.2% in the 4th quarter. Arizona State Retirement System now owns 105,483 shares of the company’s stock valued at $2,268,000 after buying an additional 2,273 shares in the last quarter. Royal London Asset Management Ltd. purchased a new position in Baker Hughes A GE in the 4th quarter valued at about $4,429,000. Advisor Partners LLC lifted its stake in Baker Hughes A GE by 30.0% in the 4th quarter. Advisor Partners LLC now owns 17,338 shares of the company’s stock valued at $373,000 after buying an additional 4,005 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in Baker Hughes A GE by 48.2% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 187,536 shares of the company’s stock valued at $4,032,000 after buying an additional 61,000 shares in the last quarter. 96.03% of the stock is currently owned by institutional investors and hedge funds.

About Baker Hughes A GE

Baker Hughes, a GE company provides integrated oilfield products, services, and digital solutions worldwide. Its Oilfield Services segment offers drilling, wireline, evaluation, completion, production, and intervention services; and drilling and completions fluids, completions tools and systems, wellbore intervention tools and services, artificial lift systems, pressure pumping systems, and oilfield and industrial chemicals for integrated oil and natural gas, and oilfield service companies.

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Earnings History and Estimates for Baker Hughes A GE (NYSE:BHGE)

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