Seaport Res Ptn Predicts Lower Earnings for Baker Hughes

Baker Hughes (NASDAQ:BKR) – Seaport Res Ptn reduced their Q1 2025 EPS estimates for shares of Baker Hughes in a research report issued to clients and investors on Monday, March 17th. Seaport Res Ptn analyst T. Curran now anticipates that the company will post earnings per share of $0.49 for the quarter, down from their previous estimate of $0.53. The consensus estimate for Baker Hughes’ current full-year earnings is $2.59 per share. Seaport Res Ptn also issued estimates for Baker Hughes’ FY2025 earnings at $2.64 EPS.

Other analysts have also recently issued research reports about the stock. Susquehanna raised their price objective on shares of Baker Hughes from $53.00 to $55.00 and gave the company a “positive” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. lifted their target price on shares of Baker Hughes from $50.00 to $52.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Royal Bank of Canada lifted their target price on shares of Baker Hughes from $49.00 to $53.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Atb Cap Markets cut shares of Baker Hughes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Finally, Evercore ISI lifted their target price on shares of Baker Hughes from $46.00 to $52.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 15th. Two research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $51.06.

Baker Hughes Stock Performance

Baker Hughes stock opened at $44.69 on Wednesday. The firm’s fifty day moving average price is $44.95 and its 200-day moving average price is $41.26. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.94 and a current ratio of 1.32. The stock has a market cap of $44.25 billion, a P/E ratio of 15.00, a price-to-earnings-growth ratio of 2.00 and a beta of 1.30. Baker Hughes has a fifty-two week low of $30.93 and a fifty-two week high of $49.40.

Baker Hughes (NASDAQ:BKR) last posted its quarterly earnings data on Thursday, January 30th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.07. Baker Hughes had a net margin of 10.70% and a return on equity of 14.58%.

Institutional Investors Weigh In On Baker Hughes

A number of large investors have recently modified their holdings of BKR. Capital Research Global Investors raised its holdings in Baker Hughes by 0.6% in the fourth quarter. Capital Research Global Investors now owns 27,687,590 shares of the company’s stock worth $1,135,744,000 after buying an additional 177,232 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Baker Hughes by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 24,543,925 shares of the company’s stock worth $1,004,212,000 after acquiring an additional 465,832 shares during the last quarter. Norges Bank bought a new position in shares of Baker Hughes during the fourth quarter worth $829,092,000. FMR LLC boosted its position in shares of Baker Hughes by 12.5% during the fourth quarter. FMR LLC now owns 15,702,057 shares of the company’s stock worth $644,098,000 after acquiring an additional 1,744,225 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Baker Hughes by 8.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,552,478 shares of the company’s stock worth $473,880,000 after acquiring an additional 874,297 shares during the last quarter. Institutional investors own 92.06% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Maria C. Borras sold 8,000 shares of Baker Hughes stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $44.77, for a total transaction of $358,160.00. Following the sale, the executive vice president now owns 173,302 shares of the company’s stock, valued at approximately $7,758,730.54. The trade was a 4.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.25% of the company’s stock.

Baker Hughes Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Tuesday, February 11th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date was Tuesday, February 11th. This is a positive change from Baker Hughes’s previous quarterly dividend of $0.21. Baker Hughes’s dividend payout ratio (DPR) is 30.87%.

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.