Wall Street brokerages expect Baker Hughes, a GE company Class A (NASDAQ:BHGE) to announce $5.60 billion in sales for the current quarter, according to Zacks. Seven analysts have made estimates for Baker Hughes, a GE company Class A’s earnings, with the lowest sales estimate coming in at $5.20 billion and the highest estimate coming in at $5.92 billion. Baker Hughes, a GE company Class A reported sales of $2.41 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 132.4%. The firm is expected to issue its next earnings report on Thursday, January 25th.

On average, analysts expect that Baker Hughes, a GE company Class A will report full-year sales of $5.60 billion for the current financial year, with estimates ranging from $15.60 billion to $22.14 billion. For the next financial year, analysts forecast that the company will post sales of $22.90 billion per share, with estimates ranging from $21.42 billion to $24.80 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Baker Hughes, a GE company Class A.

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

A number of brokerages recently weighed in on BHGE. Barclays PLC set a $41.00 price objective on shares of Baker Hughes, a GE company Class A and gave the company a “buy” rating in a research report on Thursday, October 26th. Citigroup Inc. lowered their price objective on shares of Baker Hughes, a GE company Class A from $44.00 to $41.00 and set a “buy” rating for the company in a research report on Wednesday, October 25th. Royal Bank Of Canada set a $38.00 price objective on shares of Baker Hughes, a GE company Class A and gave the company an “outperform” rating in a research report on Wednesday, October 25th. Piper Jaffray Companies reaffirmed a “hold” rating on shares of Baker Hughes, a GE company Class A in a research report on Tuesday, October 24th. Finally, Morgan Stanley set a $53.00 price objective on shares of Baker Hughes, a GE company Class A and gave the company a “buy” rating in a research report on Monday, October 23rd. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the stock. Baker Hughes, a GE company Class A presently has an average rating of “Hold” and a consensus target price of $40.74.

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Shares of Baker Hughes, a GE company Class A (NASDAQ BHGE) opened at $33.92 on Tuesday.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Monday, November 6th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.12%. This is a positive change from Baker Hughes, a GE company Class A’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Friday, November 3rd.

In other news, insider Matthias L. Heilmann bought 1,500 shares of Baker Hughes, a GE company Class A stock in a transaction on Thursday, October 26th. The stock was purchased at an average cost of $30.04 per share, with a total value of $45,060.00. Following the purchase, the insider now directly owns 3,500 shares of the company’s stock, valued at approximately $105,140. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Lorenzo Simonelli bought 6,100 shares of Baker Hughes, a GE company Class A stock in a transaction on Friday, August 18th. The shares were purchased at an average cost of $32.99 per share, with a total value of $201,239.00. Following the completion of the purchase, the insider now directly owns 9,139 shares in the company, valued at $301,495.61. The disclosure for this purchase can be found here.

A number of institutional investors have recently bought and sold shares of the business. Flippin Bruce & Porter Inc. acquired a new position in Baker Hughes, a GE company Class A during the 3rd quarter valued at about $1,396,000. Comerica Bank acquired a new position in Baker Hughes, a GE company Class A during the 3rd quarter valued at about $4,203,000. Bank of New York Mellon Corp acquired a new position in Baker Hughes, a GE company Class A during the 3rd quarter valued at about $126,754,000. TCW Group Inc. acquired a new position in Baker Hughes, a GE company Class A during the 3rd quarter valued at about $139,949,000. Finally, Trust Investment Advisors acquired a new position in Baker Hughes, a GE company Class A during the 3rd quarter valued at about $744,000.

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

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