Baker Hughes (NASDAQ:BKR) Posts Quarterly Earnings Results, Beats Expectations By $0.09 EPS

Baker Hughes (NASDAQ:BKR) released its quarterly earnings data on Tuesday. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.61 by $0.09, Zacks reports. Baker Hughes had a return on equity of 13.85% and a net margin of 11.17%. The company had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.75 billion. During the same quarter in the prior year, the firm posted $0.68 EPS. The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year.

Baker Hughes Trading Down 7.4%

Shares of Baker Hughes stock opened at $54.66 on Thursday. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.09 and a quick ratio of 1.76. The business has a fifty day simple moving average of $58.48 and a two-hundred day simple moving average of $59.99. Baker Hughes has a 1 year low of $44.26 and a 1 year high of $70.41. The company has a market capitalization of $54.26 billion, a price-to-earnings ratio of 17.63, a P/E/G ratio of 2.66 and a beta of 1.04.

Baker Hughes Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Tuesday, November 10th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $0.92 annualized dividend and a yield of 1.7%. Baker Hughes’s dividend payout ratio (DPR) is currently 29.68%.

Trending Headlines about Baker Hughes

Here are the key news stories impacting Baker Hughes this week:

• Positive Sentiment: Strong quarterly execution: Third-quarter adjusted earnings were $0.70 per share, above the roughly $0.61-$0.63 consensus, while revenue rose 14.5% year over year to $8.03 billion, exceeding the $7.75 billion estimate. Baker Hughes Q3 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Large backlog and AI demand: Orders reached $10.8 billion, including $5.9 billion from Industrial & Energy Technology (IET), and total remaining performance obligations were a record $46.4 billion. Baker Hughes also won an approximately 1.1-gigawatt order from a major U.S. technology company for power-generation and cooling equipment supporting high-density AI computing. Baker Hughes AI Computing Order
• Positive Sentiment: Long-term targets remain supportive: Management is targeting more than $50 billion in IET orders over its “Horizon 2” period and expects Chart Industries’ margins to reach 22%-23% by the second half of 2028, signaling confidence in industrial and data-center-related growth. Baker Hughes IET and Chart Margin Targets
• Neutral Sentiment: Additional contract and shareholder return: Baker Hughes booked a significant Eni subsea award for the Cronos gas development offshore Cyprus and declared its $0.23-per-share quarterly dividend, equivalent to $0.92 annually and an indicated yield of about 1.7%. Baker Hughes Eni Cronos Award
• Negative Sentiment: Reported profit fell: GAAP net income declined to $411 million, or $0.41 per share, from $609 million, or $0.61, a year earlier. The adjusted earnings beat therefore contrasts with weaker headline profitability, while investors may view the stock as pressured by elevated expectations following its long run of earnings beats. Baker Hughes Lower Q3 Profit

Analyst Upgrades and Downgrades

BKR has been the topic of several analyst reports. Jefferies Financial Group dropped their price target on shares of Baker Hughes from $80.00 to $77.00 and set a “buy” rating on the stock in a research report on Tuesday, September 29th. Morgan Stanley started coverage on shares of Baker Hughes in a research note on Friday, August 7th. They issued an “overweight” rating and a $70.00 price target for the company. Susquehanna lifted their price objective on shares of Baker Hughes from $72.00 to $75.00 and gave the company a “positive” rating in a research report on Thursday, September 10th. Zacks Research raised shares of Baker Hughes from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 16th. Finally, The Goldman Sachs Group initiated coverage on shares of Baker Hughes in a research note on Tuesday, September 29th. They set a “buy” rating and a $71.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $72.10.

About Baker Hughes

Baker Hughes Company (NASDAQ: BKR) is an energy technology company that provides products, services and digital solutions for the oil and gas industry and other energy-related markets. Its offerings support the exploration, drilling, completion, production and maintenance of energy assets across the lifecycle of a project.

The company’s oilfield services and equipment business provides technologies such as drilling systems, well completions, artificial lift, subsea equipment, production chemicals and well intervention services.