Baker Hughes (BKR) Set to Announce Earnings on Thursday

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Baker Hughes (NYSE:BKR) is set to announce its earnings results before the market opens on Thursday, January 21st. Analysts expect the company to announce earnings of $0.16 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Baker Hughes (NYSE:BKR) last issued its earnings results on Wednesday, October 21st. The company reported $0.04 EPS for the quarter, hitting the consensus estimate of $0.04. The firm had revenue of $5.05 billion during the quarter, compared to analysts’ expectations of $4.77 billion. Baker Hughes had a positive return on equity of 1.12% and a negative net margin of 48.86%. Baker Hughes’s quarterly revenue was down 14.2% compared to the same quarter last year. During the same period last year, the business earned $0.21 earnings per share. On average, analysts expect Baker Hughes to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of BKR stock opened at $23.00 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.43 and a quick ratio of 1.01. The stock has a fifty day moving average price of $21.33 and a 200 day moving average price of $16.73. Baker Hughes has a one year low of $9.12 and a one year high of $24.08. The stock has a market cap of $23.81 billion, a P/E ratio of -1.43, a price-to-earnings-growth ratio of 2.40 and a beta of 1.78.

In related news, Director Electric Co General sold 27,988,183 shares of Baker Hughes stock in a transaction dated Thursday, October 22nd. The stock was sold at an average price of $14.91, for a total value of $417,303,808.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.21% of the stock is owned by company insiders.

Several research firms have issued reports on BKR. Barclays lowered Baker Hughes from an “overweight” rating to an “equal weight” rating in a research note on Friday, January 8th. BMO Capital Markets began coverage on Baker Hughes in a research note on Thursday, October 1st. They set a “market perform” rating and a $16.00 price objective for the company. BNP Paribas began coverage on Baker Hughes in a research note on Monday, October 12th. They set an “outperform” rating and a $18.00 price objective for the company. JPMorgan Chase & Co. increased their price objective on Baker Hughes from $20.00 to $23.00 and gave the stock an “overweight” rating in a research note on Friday, December 18th. Finally, HSBC lowered Baker Hughes from a “buy” rating to a “hold” rating and set a $20.00 price objective for the company. in a research note on Thursday, December 10th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and sixteen have given a buy rating to the company’s stock. Baker Hughes presently has a consensus rating of “Hold” and a consensus target price of $18.60.

Baker Hughes Company Profile

Baker Hughes Company provides a portfolio of technologies and services worldwide. The company operates through four segments: Oilfield Services (OFS), Oilfield Equipment (OFE), Turbomachinery & Process Solutions (TPS), and Digital Solutions (DS). The OFS 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 oil and natural gas, and oilfield service companies.

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Earnings History for Baker Hughes (NYSE:BKR)

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