Baker Hughes (NASDAQ:BKR – Free Report) – Equities research analysts at Capital One Financial increased their FY2024 EPS estimates for shares of Baker Hughes in a report issued on Monday, November 4th. Capital One Financial analyst D. Becker now forecasts that the company will post earnings of $2.30 per share for the year, up from their prior forecast of $2.26. The consensus estimate for Baker Hughes’ current full-year earnings is $2.28 per share. Capital One Financial also issued estimates for Baker Hughes’ Q1 2025 earnings at $0.52 EPS.
Baker Hughes (NASDAQ:BKR – Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. Baker Hughes had a net margin of 8.20% and a return on equity of 13.77%. The business had revenue of $6.91 billion during the quarter, compared to analysts’ expectations of $7.21 billion. During the same quarter in the previous year, the company earned $0.42 EPS. The business’s quarterly revenue was up 4.0% compared to the same quarter last year.
View Our Latest Stock Report on Baker Hughes
Baker Hughes Price Performance
BKR stock opened at $42.74 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.30 and a quick ratio of 0.88. Baker Hughes has a one year low of $28.32 and a one year high of $43.23. The stock has a market cap of $42.29 billion, a PE ratio of 19.17, a P/E/G ratio of 0.64 and a beta of 1.38. The firm has a 50 day simple moving average of $36.26 and a two-hundred day simple moving average of $34.70.
Institutional Investors Weigh In On Baker Hughes
Institutional investors and hedge funds have recently modified their holdings of the stock. Ashton Thomas Securities LLC purchased a new stake in shares of Baker Hughes in the 3rd quarter worth about $30,000. New Covenant Trust Company N.A. purchased a new stake in shares of Baker Hughes in the 1st quarter worth about $34,000. Alta Advisers Ltd purchased a new stake in shares of Baker Hughes in the 2nd quarter worth about $42,000. Headlands Technologies LLC purchased a new stake in shares of Baker Hughes in the 2nd quarter worth about $48,000. Finally, Quarry LP lifted its position in shares of Baker Hughes by 81.1% in the 2nd quarter. Quarry LP now owns 1,594 shares of the company’s stock worth $56,000 after purchasing an additional 714 shares during the period. 92.06% of the stock is owned by hedge funds and other institutional investors.
Baker Hughes Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Monday, November 4th will be given a dividend of $0.21 per share. The ex-dividend date is Monday, November 4th. This represents a $0.84 annualized dividend and a yield of 1.97%. Baker Hughes’s payout ratio is currently 37.67%.
About Baker Hughes
Baker Hughes Company provides a portfolio of technologies and services to energy and industrial value chain worldwide. The company operates through Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET) segments. The OFSE segment designs and manufactures products and provides related services, including exploration, appraisal, development, production, rejuvenation, and decommissioning for onshore and offshore oilfield operations.
Read More
- Five stocks we like better than Baker Hughes
- Investing in Travel Stocks Benefits
- What a Trump Win Looks Like for the Market Now and Into 2025
- Why Understanding Call Option Volume is Essential to Successful Options Trading
- Russell 2000 Surge Post-Election: How to Play the Small-Cap Pop
- What is a Low P/E Ratio and What Does it Tell Investors?
- Macro Headwinds Send Microchip Technology Stock to the Buy Zone
Receive News & Ratings for Baker Hughes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baker Hughes and related companies with MarketBeat.com's FREE daily email newsletter.