Wall Street analysts expect Baker Hughes A GE Co (NYSE:BHGE) to report sales of $5.82 billion for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Baker Hughes A GE’s earnings. The highest sales estimate is $5.99 billion and the lowest is $5.77 billion. Baker Hughes A GE reported sales of $5.55 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 4.9%. The firm is expected to report its next earnings results on Friday, July 19th.
On average, analysts expect that Baker Hughes A GE will report full year sales of $24.30 billion for the current fiscal year, with estimates ranging from $24.04 billion to $24.74 billion. For the next year, analysts anticipate that the firm will report sales of $26.86 billion, with estimates ranging from $26.27 billion to $27.82 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover Baker Hughes A GE.
Baker Hughes A GE (NYSE:BHGE) last issued its earnings results on Tuesday, April 30th. The company reported $0.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.01. Baker Hughes A GE had a return on equity of 0.88% and a net margin of 0.68%. The firm had revenue of $5.62 billion for the quarter, compared to analysts’ expectations of $5.63 billion. During the same quarter last year, the firm earned $0.09 earnings per share. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year.
NYSE:BHGE opened at $24.63 on Friday. The firm has a 50-day moving average of $22.91. The company has a quick ratio of 1.11, a current ratio of 1.65 and a debt-to-equity ratio of 0.18. Baker Hughes A GE has a 12 month low of $20.09 and a 12 month high of $35.55. The stock has a market capitalization of $25.61 billion, a price-to-earnings ratio of 37.32, a PEG ratio of 3.12 and a beta of 0.84.
The firm also recently announced a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Tuesday, May 21st were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date of this dividend was Monday, May 20th. Baker Hughes A GE’s payout ratio is 109.09%.
Institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. increased its holdings in Baker Hughes A GE by 45.4% in the fourth quarter. American Century Companies Inc. now owns 11,652,657 shares of the company’s stock valued at $250,532,000 after buying an additional 3,635,694 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in Baker Hughes A GE by 25.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 82,164 shares of the company’s stock valued at $1,767,000 after buying an additional 16,600 shares during the last quarter. Wafra Inc. increased its holdings in Baker Hughes A GE by 216.4% in the fourth quarter. Wafra Inc. now owns 1,037,968 shares of the company’s stock valued at $22,316,000 after buying an additional 709,922 shares during the last quarter. Greenleaf Trust bought a new stake in Baker Hughes A GE in the first quarter valued at about $207,000. Finally, CWM LLC increased its holdings in Baker Hughes A GE by 18,704.3% in the first quarter. CWM LLC now owns 26,514 shares of the company’s stock valued at $735,000 after buying an additional 26,373 shares during the last quarter. 96.03% of the stock is owned by hedge funds and other institutional investors.
Baker Hughes A GE Company Profile
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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