Brokers Set Expectations for Baker Hughes FY2027 Earnings

Baker Hughes (NASDAQ:BKR - Free Report) - Equities researchers at Atb Cap Markets issued their FY2027 EPS estimates for shares of Baker Hughes in a research report issued to clients and investors on Tuesday, December 10th. Atb Cap Markets analyst W. Syed anticipates that the company will post earnings of $2.91 per share for the year. Atb Cap Markets currently has a "Hold" rating on the stock. The consensus estimate for Baker Hughes' current full-year earnings is $2.29 per share.

Baker Hughes (NASDAQ:BKR - Get Free Report) last released its earnings results on Tuesday, October 22nd. The company reported $0.67 EPS for the quarter, topping analysts' consensus estimates of $0.61 by $0.06. Baker Hughes had a net margin of 8.20% and a return on equity of 13.77%. The company had revenue of $6.91 billion during the quarter, compared to analysts' expectations of $7.21 billion. During the same period last year, the business earned $0.42 EPS. Baker Hughes's revenue for the quarter was up 4.0% on a year-over-year basis.

BKR has been the topic of several other reports. Barclays raised their price target on shares of Baker Hughes from $41.00 to $46.00 and gave the stock an "overweight" rating in a research note on Thursday, October 24th. UBS Group cut their target price on Baker Hughes from $42.00 to $40.00 and set a "neutral" rating for the company in a research note on Wednesday, September 18th. Morgan Stanley boosted their price target on shares of Baker Hughes from $42.00 to $45.00 and gave the company an "overweight" rating in a research report on Thursday, October 3rd. BMO Capital Markets raised their price objective on shares of Baker Hughes from $43.00 to $45.00 and gave the stock an "outperform" rating in a research report on Thursday, October 10th. Finally, Stifel Nicolaus increased their price target on shares of Baker Hughes from $45.00 to $48.00 and gave the company a "buy" rating in a research note on Monday, November 25th. Three investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $45.12.

Baker Hughes Stock Performance

BKR traded down $0.13 on Thursday, reaching $42.33. The stock had a trading volume of 5,719,056 shares, compared to its average volume of 7,135,905. The business's 50-day moving average price is $40.37 and its two-hundred day moving average price is $36.56. The company has a current ratio of 1.30, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. Baker Hughes has a 12-month low of $28.32 and a 12-month high of $45.17. The company has a market cap of $41.89 billion, a P/E ratio of 18.93, a price-to-earnings-growth ratio of 0.70 and a beta of 1.40.

Baker Hughes Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 4th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date was Monday, November 4th. Baker Hughes's dividend payout ratio is currently 37.67%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Ashton Thomas Securities LLC purchased a new stake in shares of Baker Hughes in the third quarter valued at about $30,000. True Wealth Design LLC boosted its holdings in Baker Hughes by 2,181.6% in the 3rd quarter. True Wealth Design LLC now owns 867 shares of the company's stock valued at $31,000 after purchasing an additional 829 shares in the last quarter. Continuum Advisory LLC increased its position in Baker Hughes by 442.2% during the 3rd quarter. Continuum Advisory LLC now owns 976 shares of the company's stock worth $35,000 after purchasing an additional 796 shares during the period. Alta Advisers Ltd acquired a new position in Baker Hughes during the 2nd quarter worth approximately $42,000. Finally, Headlands Technologies LLC purchased a new position in shares of Baker Hughes during the 2nd quarter worth approximately $48,000. 92.06% of the stock is currently owned by institutional investors and hedge funds.

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.