$5.57 Billion in Sales Expected for Halliburton Company (HAL) This Quarter
Equities analysts forecast that Halliburton Company (NYSE:HAL) will announce $5.57 billion in sales for the current quarter, Zacks reports. Ten analysts have provided estimates for Halliburton’s earnings, with the lowest sales estimate coming in at $5.29 billion and the highest estimate coming in at $5.68 billion. Halliburton posted sales of $4.02 billion during the same quarter last year, which would indicate a positive year over year growth rate of 38.6%. The company is scheduled to report its next quarterly earnings results before the market opens on Monday, January 22nd.
According to Zacks, analysts expect that Halliburton will report full-year sales of $5.57 billion for the current financial year, with estimates ranging from $19.80 billion to $20.36 billion. For the next fiscal year, analysts expect that the company will report sales of $23.24 billion per share, with estimates ranging from $21.91 billion to $25.97 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Halliburton.
Halliburton (NYSE:HAL) last posted its quarterly earnings data on Monday, October 23rd. The oilfield services company reported $0.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.04. Halliburton had a return on equity of 6.93% and a net margin of 1.13%. The firm had revenue of $5.44 billion for the quarter, compared to analysts’ expectations of $5.35 billion. During the same period in the previous year, the firm earned $0.01 EPS. The business’s quarterly revenue was up 42.0% on a year-over-year basis.
Halliburton (NYSE HAL) traded up $0.92 during mid-day trading on Wednesday, hitting $53.05. The stock had a trading volume of 3,941,504 shares, compared to its average volume of 9,146,940. Halliburton has a 12-month low of $38.18 and a 12-month high of $58.78. The company has a current ratio of 2.20, a quick ratio of 1.67 and a debt-to-equity ratio of 1.13. The stock has a market cap of $46,330.00, a PE ratio of 221.04, a P/E/G ratio of 3.04 and a beta of 1.03.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Thursday, December 7th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date was Wednesday, December 6th. Halliburton’s payout ratio is 300.00%.
In other Halliburton news, Chairman David J. Lesar sold 50,000 shares of Halliburton stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $43.70, for a total value of $2,185,000.00. Following the sale, the chairman now owns 490,143 shares of the company’s stock, valued at approximately $21,419,249.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Robb L. Voyles sold 5,000 shares of Halliburton stock in a transaction that occurred on Friday, December 28th. The stock was sold at an average price of $48.85, for a total value of $244,250.00. Following the completion of the sale, the executive vice president now directly owns 220,938 shares in the company, valued at approximately $10,792,821.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 141,612 shares of company stock worth $6,556,433. Corporate insiders own 0.47% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Halliburton by 231.3% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 29,112 shares of the oilfield services company’s stock valued at $1,243,000 after purchasing an additional 20,324 shares during the last quarter. Riverhead Capital Management LLC increased its position in shares of Halliburton by 8.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 13,348 shares of the oilfield services company’s stock valued at $570,000 after purchasing an additional 1,089 shares during the last quarter. King Luther Capital Management Corp increased its position in shares of Halliburton by 5.1% during the 2nd quarter. King Luther Capital Management Corp now owns 284,779 shares of the oilfield services company’s stock valued at $12,163,000 after purchasing an additional 13,696 shares during the last quarter. Comerica Securities Inc. increased its position in shares of Halliburton by 0.3% during the 2nd quarter. Comerica Securities Inc. now owns 6,606 shares of the oilfield services company’s stock valued at $282,000 after purchasing an additional 18 shares during the last quarter. Finally, BlackRock Inc. increased its position in shares of Halliburton by 7.6% during the 2nd quarter. BlackRock Inc. now owns 55,790,373 shares of the oilfield services company’s stock valued at $2,382,809,000 after purchasing an additional 3,955,245 shares during the last quarter. 79.88% of the stock is currently owned by institutional investors and hedge funds.
Halliburton Company Profile
Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.
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