Baker Hughes, a GE company Class A (NASDAQ:BHGE) – Research analysts at Seaport Global Securities dropped their Q3 2017 earnings per share (EPS) estimates for Baker Hughes, a GE company Class A in a report issued on Thursday. Seaport Global Securities analyst S. Randhawa now anticipates that the company will post earnings of $0.11 per share for the quarter, down from their prior forecast of $0.23. Seaport Global Securities has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for Baker Hughes, a GE company Class A’s Q4 2017 earnings at $0.13 EPS, FY2017 earnings at $0.85 EPS, Q1 2018 earnings at $0.17 EPS, Q2 2018 earnings at $0.21 EPS, FY2018 earnings at $1.01 EPS and FY2019 earnings at $1.66 EPS.

Baker Hughes, a GE company Class A (NASDAQ:BHGE) last released its quarterly earnings results on Friday, July 28th. The company reported ($0.11) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.27). The firm had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.35 billion. During the same period in the prior year, the firm earned ($0.90) earnings per share. The firm’s revenue was down .2% on a year-over-year basis.

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Other research analysts have also recently issued reports about the company. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating and set a $37.00 price target on shares of Baker Hughes, a GE company Class A in a research report on Tuesday, July 18th. J P Morgan Chase & Co reduced their price target on Baker Hughes, a GE company Class A from $32.00 to $30.00 and set a “neutral” rating for the company in a research report on Thursday, September 21st. HSBC Holdings plc assumed coverage on Baker Hughes, a GE company Class A in a research report on Thursday, July 13th. They set a “buy” rating and a $48.00 price target for the company. FBR & Co assumed coverage on Baker Hughes, a GE company Class A in a research report on Monday, July 17th. They set a “market perform” rating and a $42.00 price target for the company. Finally, Morgan Stanley reiterated an “overweight” rating and set a $60.00 price target on shares of Baker Hughes, a GE company Class A in a research report on Monday, July 17th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. Baker Hughes, a GE company Class A has a consensus rating of “Hold” and an average price target of $42.57.

Shares of Baker Hughes, a GE company Class A (NASDAQ:BHGE) opened at 36.53 on Monday. The stock’s 50 day moving average is $35.41 and its 200 day moving average is $47.13. The stock’s market cap is $15.64 billion. Baker Hughes, a GE company Class A has a 52-week low of $32.43 and a 52-week high of $40.82.

In related news, CFO Brian Worrell purchased 2,801 shares of Baker Hughes, a GE company Class A stock in a transaction that occurred on Wednesday, August 2nd. The stock was bought at an average cost of $35.24 per share, for a total transaction of $98,707.24. Following the completion of the transaction, the chief financial officer now owns 2,801 shares in the company, valued at $98,707.24. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John G. Rice purchased 5,000 shares of Baker Hughes, a GE company Class A stock in a transaction that occurred on Wednesday, August 2nd. The shares were bought at an average price of $35.37 per share, with a total value of $176,850.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $176,850. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 13,901 shares of company stock valued at $476,796.

Several institutional investors have recently bought and sold shares of the company. Indiana Trust & Investment Management CO purchased a new stake in shares of Baker Hughes, a GE company Class A in the third quarter valued at approximately $375,000. Osborn Williams & Donohoe LLC purchased a new stake in shares of Baker Hughes, a GE company Class A in the third quarter valued at approximately $514,000. Eqis Capital Management Inc. purchased a new stake in shares of Baker Hughes, a GE company Class A in the third quarter valued at approximately $236,000. Park National Corp OH purchased a new stake in shares of Baker Hughes, a GE company Class A in the third quarter valued at approximately $1,601,000. Finally, Cacti Asset Management LLC purchased a new stake in shares of Baker Hughes, a GE company Class A in the third quarter valued at approximately $12,142,000.

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

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