Brokers Set Expectations for Baker Hughes Q4 Earnings

Baker Hughes (NASDAQ:BKR) – Analysts at Capital One Financial reduced their Q4 2024 earnings estimates for Baker Hughes in a research note issued to investors on Monday, November 4th. Capital One Financial analyst D. Becker now forecasts that the company will post earnings of $0.63 per share for the quarter, down from their previous estimate of $0.65. The consensus estimate for Baker Hughes’ current full-year earnings is $2.28 per share. Capital One Financial also issued estimates for Baker Hughes’ Q2 2025 earnings at $0.66 EPS, Q3 2025 earnings at $0.69 EPS, Q4 2025 earnings at $0.74 EPS and FY2025 earnings at $2.62 EPS.

Several other equities analysts have also issued reports on BKR. TD Cowen lifted their price target on shares of Baker Hughes from $46.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Wells Fargo & Company raised shares of Baker Hughes from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $40.00 to $42.00 in a report on Wednesday, September 25th. The Goldman Sachs Group lifted their price target on shares of Baker Hughes from $39.00 to $43.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Morgan Stanley lifted their price target on shares of Baker Hughes from $42.00 to $45.00 and gave the stock an “overweight” rating in a report on Thursday, October 3rd. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $43.00 price objective on shares of Baker Hughes in a report on Thursday, October 24th. Two analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $44.12.

Baker Hughes Stock Performance

Shares of BKR stock opened at $43.02 on Thursday. The company’s 50 day moving average is $36.41 and its 200 day moving average is $34.76. The company has a quick ratio of 0.88, a current ratio of 1.30 and a debt-to-equity ratio of 0.37. Baker Hughes has a 52-week low of $28.32 and a 52-week high of $43.67. The firm has a market cap of $42.56 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 0.65 and a beta of 1.38.

Baker Hughes (NASDAQ:BKR) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.06. The company had revenue of $6.91 billion for the quarter, compared to analyst estimates of $7.21 billion. Baker Hughes had a net margin of 8.20% and a return on equity of 13.77%. Baker Hughes’s revenue was up 4.0% compared to the same quarter last year. During the same period last year, the company posted $0.42 earnings per share.

Institutional Investors Weigh In On Baker Hughes

Hedge funds have recently modified their holdings of the company. Twin Tree Management LP boosted its stake in shares of Baker Hughes by 183.0% during the 1st quarter. Twin Tree Management LP now owns 338,738 shares of the company’s stock worth $11,348,000 after acquiring an additional 219,060 shares in the last quarter. National Pension Service boosted its stake in shares of Baker Hughes by 6.4% during the 3rd quarter. National Pension Service now owns 1,362,973 shares of the company’s stock worth $49,271,000 after acquiring an additional 81,625 shares in the last quarter. Hixon Zuercher LLC purchased a new stake in shares of Baker Hughes during the 3rd quarter worth about $1,980,000. Wedge Capital Management L L P NC boosted its stake in shares of Baker Hughes by 20.5% during the 2nd quarter. Wedge Capital Management L L P NC now owns 726,291 shares of the company’s stock worth $25,544,000 after acquiring an additional 123,689 shares in the last quarter. Finally, National Bank of Canada FI boosted its stake in shares of Baker Hughes by 4.7% during the 1st quarter. National Bank of Canada FI now owns 869,786 shares of the company’s stock worth $28,129,000 after acquiring an additional 39,031 shares in the last quarter. 92.06% of the stock is owned by hedge funds and other institutional investors.

Baker Hughes Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Monday, November 4th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend is Monday, November 4th. Baker Hughes’s payout ratio is 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.