Baker Hughes, a GE company Class A (NASDAQ:BHGE) – Equities research analysts at Capital One Financial Corporation cut their FY2017 EPS estimates for Baker Hughes, a GE company Class A in a note issued to investors on Monday. Capital One Financial Corporation analyst L. Lemoine now anticipates that the company will post earnings per share of $0.18 for the year, down from their previous estimate of $0.19. Capital One Financial Corporation also issued estimates for Baker Hughes, a GE company Class A’s Q4 2017 earnings at $0.15 EPS, Q1 2018 earnings at $0.19 EPS, Q2 2018 earnings at $0.23 EPS and FY2018 earnings at $1.22 EPS.

Baker Hughes, a GE company Class A (NASDAQ:BHGE) last announced its quarterly earnings results on Friday, October 20th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.07). The firm had revenue of $5.38 billion for the quarter, compared to analyst estimates of $5.52 billion. Baker Hughes, a GE company Class A’s quarterly revenue was up 77.7% on a year-over-year basis.

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Other analysts also recently issued research reports about the stock. Argus initiated coverage on shares of Baker Hughes, a GE company Class A in a report on Sunday, August 27th. They issued a “buy” rating for the company. HSBC Holdings plc initiated coverage on shares of Baker Hughes, a GE company Class A in a report on Thursday, July 13th. They issued a “buy” rating and a $48.00 target price for the company. Cowen and Company reiterated a “buy” rating and issued a $55.00 target price on shares of Baker Hughes, a GE company Class A in a report on Tuesday, July 11th. Royal Bank Of Canada set a $55.00 target price on shares of Baker Hughes, a GE company Class A and gave the company a “buy” rating in a report on Saturday, August 12th. Finally, Morgan Stanley set a $53.00 target price on shares of Baker Hughes, a GE company Class A and gave the company a “buy” rating in a report on Monday, October 23rd. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $40.74.

Shares of Baker Hughes, a GE company Class A (NASDAQ:BHGE) opened at $33.40 on Tuesday. Baker Hughes, a GE company Class A has a 1-year low of $29.62 and a 1-year high of $40.82.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Monday, November 6th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.16%. The ex-dividend date is Friday, November 3rd. This is a boost from Baker Hughes, a GE company Class A’s previous quarterly dividend of $0.17.

In other news, insider Lorenzo Simonelli acquired 6,100 shares of the firm’s stock in a transaction dated Friday, August 18th. The stock was acquired at an average cost of $32.99 per share, with a total value of $201,239.00. Following the transaction, the insider now owns 9,139 shares in the company, valued at $301,495.61. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Matthias L. Heilmann acquired 1,500 shares of the firm’s stock in a transaction dated Thursday, October 26th. The shares were purchased at an average cost of $30.04 per share, with a total value of $45,060.00. Following the completion of the transaction, the insider now owns 3,500 shares in the company, valued at approximately $105,140. The disclosure for this purchase can be found here.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. First Bank & Trust purchased a new stake in Baker Hughes, a GE company Class A in the third quarter valued at $101,000. Trust Co. of Vermont purchased a new stake in Baker Hughes, a GE company Class A in the third quarter valued at $105,000. Carroll Financial Associates Inc. purchased a new stake in Baker Hughes, a GE company Class A in the third quarter valued at $136,000. Advisor Group Inc. purchased a new stake in Baker Hughes, a GE company Class A in the third quarter valued at $140,000. Finally, M&R Capital Management Inc. purchased a new stake in Baker Hughes, a GE company Class A in the second quarter valued at $141,000.

Earnings History and Estimates for Baker Hughes, a GE company Class A (NASDAQ:BHGE)

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