Wall Street brokerages expect that Baker Hughes, a GE company Class A (NASDAQ:BHGE) will report earnings per share of $0.14 for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for Baker Hughes, a GE company Class A’s earnings, with estimates ranging from $0.06 to $0.19. Baker Hughes, a GE company Class A reported earnings per share of ($0.30) in the same quarter last year, which would suggest a positive year over year growth rate of 146.7%. The company is expected to report its next earnings report on Thursday, January 25th.

On average, analysts expect that Baker Hughes, a GE company Class A will report full-year earnings of $0.41 per share for the current financial year, with EPS estimates ranging from $0.19 to $0.76. For the next year, analysts anticipate that the company will post earnings of $1.02 per share, with EPS estimates ranging from $0.43 to $1.32. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Baker Hughes, a GE company Class A.

Baker Hughes, a GE company Class A (NASDAQ:BHGE) last posted its quarterly earnings results on Friday, October 20th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.07). The business had revenue of $5.38 billion for the quarter, compared to the consensus estimate of $5.52 billion. The company’s revenue for the quarter was up 77.7% compared to the same quarter last year.

Several research firms have issued reports on BHGE. Jefferies Group LLC restated a “hold” rating and issued a $40.00 price target on shares of Baker Hughes, a GE company Class A in a research report on Sunday, September 10th. Barclays PLC set a $43.00 price target on shares of Baker Hughes, a GE company Class A and gave the stock an “overweight” rating in a research report on Friday, September 29th. Royal Bank Of Canada set a $44.00 price target on shares of Baker Hughes, a GE company Class A and gave the stock a “buy” rating in a research report on Saturday, October 7th. Susquehanna Bancshares Inc restated a “neutral” rating and issued a $38.00 price target (down from $42.00) on shares of Baker Hughes, a GE company Class A in a research report on Monday, October 2nd. Finally, J P Morgan Chase & Co decreased their target price on shares of Baker Hughes, a GE company Class A from $32.00 to $30.00 and set a “neutral” rating on the stock in a research report on Thursday, September 21st. Three 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 company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $40.74.

Shares of Baker Hughes, a GE company Class A (NASDAQ:BHGE) opened at $31.18 on Friday.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Monday, November 6th will be issued a dividend of $0.18 per share. This is an increase from Baker Hughes, a GE company Class A’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a yield of 2.31%. The ex-dividend date is Friday, November 3rd.

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

Hedge funds have recently made changes to their positions in the stock. First Bank & Trust bought a new position in Baker Hughes, a GE company Class A during the 3rd quarter valued at about $101,000. Trust Co. of Vermont bought a new position in Baker Hughes, a GE company Class A during the 3rd quarter valued at about $105,000. Carroll Financial Associates Inc. bought a new position in Baker Hughes, a GE company Class A during the 3rd quarter valued at about $136,000. M&R Capital Management Inc. bought a new position in Baker Hughes, a GE company Class A during the 2nd quarter valued at about $141,000. Finally, Alpha Windward LLC bought a new position in shares of Baker Hughes, a GE company Class A in the third quarter worth about $167,000.

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

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