Wall Street analysts expect Halliburton Company (NYSE:HAL) to post sales of $5.57 billion for the current fiscal quarter, Zacks reports. Ten analysts have provided estimates for Halliburton’s earnings, with the lowest sales estimate coming in at $5.29 billion and the highest estimate coming in at $5.68 billion. Halliburton reported sales of $4.02 billion during the same quarter last year, which indicates a positive year over year growth rate of 38.6%. The firm is scheduled to announce its next earnings results on Monday, January 22nd.

On average, analysts expect that Halliburton will report full year sales of $5.57 billion for the current year, with estimates ranging from $19.80 billion to $20.36 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $23.25 billion per share, with estimates ranging from $21.91 billion to $25.97 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow Halliburton.

Halliburton (NYSE:HAL) last released its earnings results on Monday, October 23rd. The oilfield services company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.04. Halliburton had a net margin of 1.13% and a return on equity of 6.93%. The company had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $5.35 billion. During the same period in the prior year, the company posted $0.01 EPS. The company’s revenue was up 42.0% compared to the same quarter last year.

A number of brokerages have recently commented on HAL. TheStreet raised Halliburton from a “d+” rating to a “c-” rating in a research note on Friday, September 29th. B. Riley reaffirmed a “buy” rating on shares of Halliburton in a research note on Wednesday, November 1st. BidaskClub raised Halliburton from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Halliburton in a research note on Saturday, July 22nd. Finally, Zacks Investment Research raised Halliburton from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. One research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the stock. Halliburton presently has a consensus rating of “Buy” and an average target price of $57.55.

In other Halliburton news, EVP Lawrence J. Pope sold 43,000 shares of the firm’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $39.66, for a total transaction of $1,705,380.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman David J. Lesar sold 50,000 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $43.70, for a total value of $2,185,000.00. Following the sale, the chairman now directly owns 490,143 shares of the company’s stock, valued at approximately $21,419,249.10. The disclosure for this sale can be found here. Company insiders own 0.46% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Perigon Wealth Management LLC lifted its holdings in Halliburton by 0.8% during the 1st quarter. Perigon Wealth Management LLC now owns 2,049 shares of the oilfield services company’s stock valued at $101,000 after purchasing an additional 17 shares during the last quarter. Comerica Securities Inc. lifted its holdings in Halliburton by 0.3% during the 2nd quarter. Comerica Securities Inc. now owns 6,606 shares of the oilfield services company’s stock valued at $282,000 after purchasing an additional 18 shares during the last quarter. Appleton Partners Inc. MA lifted its holdings in Halliburton by 0.4% during the 2nd quarter. Appleton Partners Inc. MA now owns 5,158 shares of the oilfield services company’s stock valued at $220,000 after purchasing an additional 21 shares during the last quarter. Guardian Life Insurance Co. of America lifted its holdings in Halliburton by 1.1% during the 1st quarter. Guardian Life Insurance Co. of America now owns 3,348 shares of the oilfield services company’s stock valued at $165,000 after purchasing an additional 36 shares during the last quarter. Finally, Hedeker Wealth LLC lifted its holdings in Halliburton by 0.3% during the 2nd quarter. Hedeker Wealth LLC now owns 19,541 shares of the oilfield services company’s stock valued at $834,000 after purchasing an additional 56 shares during the last quarter. 79.35% of the stock is owned by institutional investors and hedge funds.

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Halliburton (NYSE:HAL) traded down $0.43 during trading on Tuesday, reaching $44.58. 4,563,569 shares of the company’s stock were exchanged, compared to its average volume of 8,806,466. The company has a current ratio of 2.20, a quick ratio of 1.67 and a debt-to-equity ratio of 1.13. The firm has a market cap of $39,080.00, a P/E ratio of 61.81, a PEG ratio of 4.87 and a beta of 1.05. Halliburton has a 52 week low of $38.18 and a 52 week high of $58.78.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, December 7th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend is Wednesday, December 6th. Halliburton’s dividend payout ratio is 300.00%.

About Halliburton

Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.

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Earnings History and Estimates for Halliburton (NYSE:HAL)

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