$5.55 Billion in Sales Expected for Baker Hughes A GE Co (BHGE) This Quarter

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Analysts expect Baker Hughes A GE Co (NYSE:BHGE) to post sales of $5.55 billion for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Baker Hughes A GE’s earnings. The lowest sales estimate is $5.50 billion and the highest is $5.58 billion. Baker Hughes A GE reported sales of $2.40 billion during the same quarter last year, which would suggest a positive year over year growth rate of 131.3%. The firm is scheduled to announce its next quarterly earnings results before the market opens on Friday, July 20th.

On average, analysts expect that Baker Hughes A GE will report full year sales of $22.83 billion for the current year, with estimates ranging from $22.33 billion to $23.24 billion. For the next financial year, analysts forecast that the firm will report sales of $24.75 billion per share, with estimates ranging from $22.92 billion to $25.60 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Baker Hughes A GE.

Baker Hughes A GE (NYSE:BHGE) last released its quarterly earnings results on Friday, April 20th. The company reported $0.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.03. Baker Hughes A GE had a positive return on equity of 0.25% and a negative net margin of 1.28%. The firm had revenue of $5.40 billion during the quarter, compared to analysts’ expectations of $5.41 billion. During the same period last year, the firm posted ($0.23) EPS. The business’s revenue was up 1.4% on a year-over-year basis.

A number of equities research analysts recently weighed in on the company. Bank of America cut Baker Hughes A GE from a “buy” rating to a “neutral” rating and set a $36.00 price target for the company. in a report on Thursday, May 10th. They noted that the move was a valuation call. Wells Fargo & Co increased their price objective on Baker Hughes A GE from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, May 24th. Credit Suisse Group increased their price objective on Baker Hughes A GE from $35.00 to $36.00 and gave the company a “neutral” rating in a research report on Monday, April 23rd. Royal Bank of Canada reiterated a “buy” rating and issued a $35.00 price objective on shares of Baker Hughes A GE in a research report on Sunday, April 22nd. Finally, SunTrust Banks set a $34.00 price objective on Baker Hughes A GE and gave the company a “hold” rating in a research report on Sunday, April 22nd. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $37.90.

BHGE stock traded up $0.40 during midday trading on Tuesday, reaching $32.72. 10,483,248 shares of the company’s stock traded hands, compared to its average volume of 4,298,510. Baker Hughes A GE has a 1-year low of $25.53 and a 1-year high of $40.82. The stock has a market capitalization of $13.46 billion, a price-to-earnings ratio of 62.92, a P/E/G ratio of 5.17 and a beta of 0.71. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.05 and a quick ratio of 1.48.

The business also recently declared a quarterly dividend, which was paid on Friday, June 1st. Stockholders of record on Tuesday, May 22nd were given a $0.18 dividend. The ex-dividend date of this dividend was Monday, May 21st. This represents a $0.72 annualized dividend and a dividend yield of 2.20%. Baker Hughes A GE’s dividend payout ratio is currently 138.46%.

In other news, insider William D. Marsh sold 6,543 shares of the firm’s stock in a transaction on Tuesday, May 1st. The stock was sold at an average price of $35.82, for a total value of $234,370.26. Following the transaction, the insider now directly owns 22,663 shares in the company, valued at approximately $811,788.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Maria C. Borras sold 19,571 shares of the firm’s stock in a transaction on Wednesday, May 9th. The stock was sold at an average price of $36.97, for a total value of $723,539.87. Following the completion of the transaction, the chief executive officer now owns 3,042 shares in the company, valued at $112,462.74. The disclosure for this sale can be found here. 0.18% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the business. Delpha Capital Management LLC bought a new position in Baker Hughes A GE during the fourth quarter worth about $106,000. Rational Advisors LLC bought a new position in Baker Hughes A GE during the first quarter worth about $139,000. Global X Management Co. LLC bought a new position in Baker Hughes A GE during the first quarter worth about $207,000. Advisor Partners LLC bought a new position in Baker Hughes A GE during the first quarter worth about $218,000. Finally, MANA Advisors LLC bought a new position in Baker Hughes A GE during the first quarter worth about $218,000. Hedge funds and other institutional investors own 94.70% of the company’s stock.

Baker Hughes A GE Company Profile

Baker Hughes, a GE company provides integrated oilfield products, services, and digital solutions worldwide. Its Oilfield Services segment offers drilling, wireline, evaluation, completion, production, and intervention services; and drilling and completions fluids, completions tools and systems, wellbore intervention tools and services, artificial lift systems, pressure pumping systems, and oilfield and industrial chemicals for integrated oil and natural gas, and oilfield service companies for onshore and offshore operations.

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Earnings History and Estimates for Baker Hughes A GE (NYSE:BHGE)

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