Baker Hughes (BKR) Projected to Post Earnings on Tuesday

Baker Hughes (NASDAQ:BKR - Get Free Report) is expected to announce its earnings results after the market closes on Tuesday, April 22nd. Analysts expect the company to announce earnings of $0.48 per share and revenue of $6.54 billion for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

Baker Hughes (NASDAQ:BKR - Get Free Report) last posted its earnings results on Thursday, January 30th. The company reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates of $0.63 by $0.07. Baker Hughes had a net margin of 10.70% and a return on equity of 14.58%. On average, analysts expect Baker Hughes to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Baker Hughes Price Performance

NASDAQ:BKR traded up $0.73 during trading hours on Friday, hitting $38.86. The stock had a trading volume of 5,548,880 shares, compared to its average volume of 6,878,413. The firm has a market capitalization of $38.47 billion, a price-to-earnings ratio of 13.04, a P/E/G ratio of 2.00 and a beta of 1.08. Baker Hughes has a one year low of $30.93 and a one year high of $49.40. The company has a 50 day simple moving average of $42.34 and a two-hundred day simple moving average of $42.10. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.32 and a quick ratio of 0.94.

Baker Hughes Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Tuesday, February 11th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.37%. This is a boost from Baker Hughes's previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Tuesday, February 11th. Baker Hughes's payout ratio is presently 30.87%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on BKR shares. Evercore ISI boosted their price objective on Baker Hughes from $46.00 to $52.00 and gave the stock an "outperform" rating in a report on Wednesday, January 15th. Stifel Nicolaus cut their price target on shares of Baker Hughes from $54.00 to $52.00 and set a "buy" rating for the company in a research note on Tuesday. Barclays lowered their price objective on shares of Baker Hughes from $55.00 to $54.00 and set an "overweight" rating on the stock in a research report on Monday, March 31st. Jefferies Financial Group lifted their price objective on shares of Baker Hughes from $48.00 to $50.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. Finally, Wells Fargo & Company raised their price target on Baker Hughes from $49.00 to $54.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Two equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $50.65.

Insider Activity at Baker Hughes

In related news, EVP Maria C. Borras sold 8,000 shares of the firm's stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $44.77, for a total value of $358,160.00. Following the sale, the executive vice president now directly owns 173,302 shares of the company's stock, valued at $7,758,730.54. This trade represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.27% of the stock is currently owned by company insiders.

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.