Wall Street analysts forecast that Baker Hughes Company (NYSE:BKR) will report ($0.01) earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have made estimates for Baker Hughes’ earnings. The lowest EPS estimate is ($0.05) and the highest is $0.01. Baker Hughes posted earnings of $0.20 per share in the same quarter last year, which would suggest a negative year over year growth rate of 105%. The business is scheduled to announce its next quarterly earnings results on Wednesday, July 29th.

According to Zacks, analysts expect that Baker Hughes will report full-year earnings of $0.19 per share for the current financial year, with EPS estimates ranging from $0.06 to $0.27. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.37 per share, with EPS estimates ranging from $0.09 to $0.60. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Baker Hughes.

Baker Hughes (NYSE:BKR) last released its earnings results on Wednesday, April 22nd. The company reported $0.11 earnings per share for the quarter, hitting the consensus estimate of $0.11. The business had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.62 billion. Baker Hughes had a negative net margin of 42.77% and a positive return on equity of 1.53%. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period last year, the firm posted $0.15 earnings per share.

BKR has been the topic of a number of research analyst reports. Sanford C. Bernstein raised shares of Baker Hughes from an “underperform” rating to an “outperform” rating and lowered their price objective for the company from $20.40 to $15.30 in a research report on Monday, April 6th. UBS Group reduced their target price on shares of Baker Hughes from $26.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, April 9th. Royal Bank of Canada reiterated a “buy” rating on shares of Baker Hughes in a research note on Monday, April 6th. Cfra reduced their target price on shares of Baker Hughes from $24.00 to $14.00 and set a “hold” rating for the company in a research note on Thursday, April 23rd. Finally, Morgan Stanley reduced their target price on shares of Baker Hughes from $30.00 to $18.00 and set an “overweight” rating for the company in a research note on Monday, March 16th. Two analysts have rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the company’s stock. Baker Hughes currently has a consensus rating of “Buy” and a consensus target price of $18.19.

BKR traded down $0.24 on Friday, reaching $13.76. 5,540,361 shares of the company traded hands, compared to its average volume of 7,519,928. The stock’s 50 day moving average price is $12.89 and its 200-day moving average price is $19.15. Baker Hughes has a 52-week low of $9.12 and a 52-week high of $25.99. The company has a market cap of $13.60 billion, a price-to-earnings ratio of -0.89, a PEG ratio of 9.82 and a beta of 1.69. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.44 and a quick ratio of 1.00.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Tuesday, May 26th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 5.23%. The ex-dividend date of this dividend is Friday, May 22nd. Baker Hughes’s dividend payout ratio (DPR) is presently 84.71%.

In other news, CFO Brian Worrell bought 3,000 shares of the stock in a transaction dated Wednesday, February 26th. The shares were acquired at an average price of $18.05 per share, with a total value of $54,150.00. Following the acquisition, the chief financial officer now owns 66,876 shares in the company, valued at $1,207,111.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Lorenzo Simonelli bought 11,254 shares of the stock in a transaction dated Wednesday, February 26th. The stock was purchased at an average cost of $17.74 per share, for a total transaction of $199,645.96. Following the acquisition, the chief executive officer now owns 179,100 shares in the company, valued at approximately $3,177,234. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 34,622 shares of company stock worth $642,165. 0.21% of the stock is owned by insiders.

Baker Hughes Company Profile

Baker Hughes 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 (NYSE:BKR)

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