$0.27 EPS Expected for Baker Hughes A GE Co (BHGE) This Quarter
Equities research analysts expect Baker Hughes A GE Co (NYSE:BHGE) to post earnings per share of $0.27 for the current quarter, Zacks Investment Research reports. Eight analysts have made estimates for Baker Hughes A GE’s earnings. The highest EPS estimate is $0.34 and the lowest is $0.24. Baker Hughes A GE posted earnings per share of $0.15 in the same quarter last year, which suggests a positive year-over-year growth rate of 80%. The company is scheduled to issue its next quarterly earnings report on Wednesday, January 23rd.
According to Zacks, analysts expect that Baker Hughes A GE will report full year earnings of $0.64 per share for the current fiscal year, with EPS estimates ranging from $0.59 to $0.68. For the next year, analysts anticipate that the company will post earnings of $1.33 per share, with EPS estimates ranging from $1.10 to $1.55. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Baker Hughes A GE.
Baker Hughes A GE (NYSE:BHGE) last released its earnings results on Tuesday, October 30th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.02). Baker Hughes A GE had a return on equity of 0.59% and a net margin of 0.16%. The business had revenue of $5.67 billion for the quarter, compared to the consensus estimate of $5.88 billion. During the same quarter last year, the business posted $0.05 earnings per share. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year.
In other Baker Hughes A GE news, Director Electric Co General sold 101,200,000 shares of the business’s stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $22.47, for a total value of $2,273,964,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.18% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. Boston Partners raised its holdings in Baker Hughes A GE by 0.8% in the second quarter. Boston Partners now owns 228,272 shares of the company’s stock worth $7,540,000 after purchasing an additional 1,915 shares in the last quarter. First American Trust FSB grew its stake in shares of Baker Hughes A GE by 2.2% during the third quarter. First American Trust FSB now owns 98,855 shares of the company’s stock worth $3,345,000 after acquiring an additional 2,102 shares during the last quarter. Tyers Asset Management LLC grew its stake in shares of Baker Hughes A GE by 16.0% during the second quarter. Tyers Asset Management LLC now owns 16,144 shares of the company’s stock worth $533,000 after acquiring an additional 2,224 shares during the last quarter. Toronto Dominion Bank grew its stake in shares of Baker Hughes A GE by 0.9% during the third quarter. Toronto Dominion Bank now owns 270,641 shares of the company’s stock worth $9,154,000 after acquiring an additional 2,335 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Baker Hughes A GE by 2.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 108,990 shares of the company’s stock worth $3,687,000 after acquiring an additional 2,523 shares during the last quarter. Institutional investors and hedge funds own 96.06% of the company’s stock.
Shares of NYSE:BHGE traded up $0.19 on Monday, hitting $21.66. 5,081,164 shares of the company’s stock were exchanged, compared to its average volume of 11,652,368. Baker Hughes A GE has a 12 month low of $21.05 and a 12 month high of $37.76. The company has a market cap of $8.85 billion, a price-to-earnings ratio of 41.65, a price-to-earnings-growth ratio of 4.18 and a beta of 0.82. The company has a current ratio of 1.91, a quick ratio of 1.35 and a debt-to-equity ratio of 0.17.
The company also recently announced a quarterly dividend, which was paid on Friday, November 30th. Shareholders of record on Friday, November 16th were issued a $0.18 dividend. The ex-dividend date of this dividend was Thursday, November 15th. This represents a $0.72 dividend on an annualized basis and a yield of 3.32%. Baker Hughes A GE’s dividend payout ratio is presently 138.46%.
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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