FY2018 EPS Estimates for Baker Hughes A GE Co Lowered by B. Riley (BHGE)

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Baker Hughes A GE Co (NYSE:BHGE) – Research analysts at B. Riley decreased their FY2018 EPS estimates for shares of Baker Hughes A GE in a research note issued on Wednesday, October 31st. B. Riley analyst T. Curran now expects that the company will post earnings of $0.65 per share for the year, down from their prior estimate of $0.69. B. Riley currently has a “Buy” rating and a $42.00 price target on the stock. B. Riley also issued estimates for Baker Hughes A GE’s Q4 2018 earnings at $0.28 EPS.

Baker Hughes A GE (NYSE:BHGE) last announced its quarterly earnings results on Tuesday, October 30th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.02). The firm had revenue of $5.67 billion for the quarter, compared to analyst estimates of $5.88 billion. Baker Hughes A GE had a net margin of 0.16% and a return on equity of 0.59%. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.05 earnings per share.

Several other brokerages have also issued reports on BHGE. Morgan Stanley began coverage on Baker Hughes A GE in a report on Tuesday, September 18th. They set an “overweight” rating and a $40.00 price target for the company. Jefferies Financial Group downgraded Baker Hughes A GE from a “buy” rating to a “hold” rating and cut their price objective for the company from $38.00 to $36.00 in a research note on Wednesday. Seaport Global Securities reissued a “hold” rating and issued a $32.00 price objective on shares of Baker Hughes A GE in a research note on Monday, July 23rd. Zacks Investment Research downgraded Baker Hughes A GE from a “hold” rating to a “sell” rating in a research note on Tuesday, July 10th. Finally, ValuEngine raised Baker Hughes A GE from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 24th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and sixteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $36.93.

Shares of Baker Hughes A GE stock opened at $26.69 on Thursday. The stock has a market cap of $11.22 billion, a PE ratio of 51.33, a PEG ratio of 4.80 and a beta of 0.70. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.91 and a quick ratio of 1.36. Baker Hughes A GE has a 52-week low of $25.53 and a 52-week high of $37.76.

A number of hedge funds and other institutional investors have recently modified their holdings of BHGE. Ladenburg Thalmann Financial Services Inc. increased its position in Baker Hughes A GE by 26.0% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,085 shares of the company’s stock worth $248,000 after buying an additional 1,875 shares during the period. LPL Financial LLC increased its position in Baker Hughes A GE by 26.9% in the 1st quarter. LPL Financial LLC now owns 20,890 shares of the company’s stock worth $580,000 after buying an additional 4,423 shares during the period. Principal Financial Group Inc. increased its position in Baker Hughes A GE by 10.2% in the 1st quarter. Principal Financial Group Inc. now owns 872,651 shares of the company’s stock worth $24,233,000 after buying an additional 80,744 shares during the period. Indiana Trust & Investment Management CO bought a new position in Baker Hughes A GE in the 2nd quarter worth approximately $205,000. Finally, DnB Asset Management AS bought a new position in Baker Hughes A GE in the 2nd quarter worth approximately $1,737,000. 93.77% of the stock is currently owned by institutional investors.

In other Baker Hughes A GE news, insider Matthias L. Heilmann sold 12,000 shares of Baker Hughes A GE stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $34.00, for a total value of $408,000.00. Following the transaction, the insider now directly owns 3,743 shares of the company’s stock, valued at approximately $127,262. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Kurt Camilleri sold 2,513 shares of Baker Hughes A GE stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $34.00, for a total value of $85,442.00. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

About Baker Hughes A GE

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.

See Also: Dividend

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

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