Zacks Research Boosts Earnings Estimates for Baker Hughes

Baker Hughes (NASDAQ:BKR) – Investment analysts at Zacks Research boosted their Q1 2025 earnings estimates for shares of Baker Hughes in a research report issued to clients and investors on Monday, October 21st. Zacks Research analyst R. Department now expects that the company will post earnings of $0.49 per share for the quarter, up from their prior estimate of $0.48. The consensus estimate for Baker Hughes’ current full-year earnings is $2.25 per share. Zacks Research also issued estimates for Baker Hughes’ FY2025 earnings at $2.59 EPS, Q3 2026 earnings at $0.79 EPS and FY2026 earnings at $3.14 EPS.

Baker Hughes (NASDAQ:BKR) last posted its earnings results on Tuesday, October 22nd. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.06. Baker Hughes had a net margin of 7.37% and a return on equity of 12.45%. The firm had revenue of $6.91 billion during the quarter, compared to the consensus estimate of $7.21 billion. During the same quarter last year, the firm earned $0.42 EPS. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis.

A number of other brokerages have also issued reports on BKR. Citigroup cut their price target on shares of Baker Hughes from $44.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, September 27th. Evercore ISI increased their target price on shares of Baker Hughes from $42.00 to $46.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Morgan Stanley boosted their price target on shares of Baker Hughes from $42.00 to $45.00 and gave the stock an “overweight” rating in a research note on Thursday, October 3rd. UBS Group reduced their price objective on Baker Hughes from $42.00 to $40.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 18th. Finally, Bank of America lowered their target price on Baker Hughes from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Monday, July 15th. Two analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.59.

Baker Hughes Trading Up 2.8 %

Shares of NASDAQ BKR opened at $37.00 on Wednesday. The stock has a fifty day simple moving average of $35.61 and a 200-day simple moving average of $34.35. Baker Hughes has a twelve month low of $28.32 and a twelve month high of $39.05. The company has a current ratio of 1.27, a quick ratio of 0.86 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $36.93 billion, a PE ratio of 20.67, a PEG ratio of 0.61 and a beta of 1.38.

Baker Hughes Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, November 4th will be issued a $0.21 dividend. The ex-dividend date is Monday, November 4th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.27%. Baker Hughes’s payout ratio is 46.93%.

Insider Activity at Baker Hughes

In other Baker Hughes news, CEO Lorenzo Simonelli sold 114,286 shares of Baker Hughes stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $35.00, for a total value of $4,000,010.00. Following the transaction, the chief executive officer now directly owns 502,053 shares in the company, valued at approximately $17,571,855. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.25% of the stock is owned by insiders.

Hedge Funds Weigh In On Baker Hughes

Hedge funds and other institutional investors have recently bought and sold shares of the company. Park Avenue Securities LLC boosted its holdings in shares of Baker Hughes by 19.1% in the first quarter. Park Avenue Securities LLC now owns 28,942 shares of the company’s stock valued at $970,000 after acquiring an additional 4,636 shares in the last quarter. Viking Fund Management LLC boosted its stake in shares of Baker Hughes by 273.3% in the first quarter. Viking Fund Management LLC now owns 112,000 shares of the company’s stock valued at $3,752,000 after buying an additional 82,000 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Baker Hughes by 8.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 23,332 shares of the company’s stock worth $782,000 after acquiring an additional 1,829 shares during the period. 180 Wealth Advisors LLC raised its position in Baker Hughes by 19.9% in the first quarter. 180 Wealth Advisors LLC now owns 22,083 shares of the company’s stock worth $740,000 after acquiring an additional 3,671 shares in the last quarter. Finally, Hennessy Advisors Inc. purchased a new position in Baker Hughes in the first quarter worth $5,611,000. 92.06% of the stock is currently owned by hedge funds and other institutional investors.

Baker Hughes Company Profile

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.