Baker Hughes (BKR) to Release Quarterly Earnings on Tuesday

Baker Hughes (NASDAQ:BKR - Get Free Report) is projected to release its Q1 2025 earnings data after the market closes on Tuesday, April 22nd. Analysts expect Baker Hughes to post earnings of $0.48 per share and revenue of $6.54 billion for the quarter. Baker Hughes has set its Q2 2025 guidance at EPS.

Baker Hughes (NASDAQ:BKR - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.03. The company had revenue of $6.43 billion for the quarter, compared to analyst estimates of $6.54 billion. Baker Hughes had a return on equity of 14.58% and a net margin of 10.70%. 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

BKR stock traded up $0.20 during trading on Thursday, hitting $36.09. The company had a trading volume of 2,019,184 shares, compared to its average volume of 6,901,558. The company has a current ratio of 1.32, a quick ratio of 0.94 and a debt-to-equity ratio of 0.35. The company has a fifty day moving average price of $41.80 and a two-hundred day moving average price of $42.06. Baker Hughes has a fifty-two week low of $30.93 and a fifty-two week high of $49.40. The company has a market cap of $35.73 billion, a P/E ratio of 12.13, a P/E/G ratio of 2.00 and a beta of 1.08.

Baker Hughes Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Tuesday, May 6th will be given a dividend of $0.23 per share. The ex-dividend date is Tuesday, May 6th. This represents a $0.92 annualized dividend and a yield of 2.55%. Baker Hughes's dividend payout ratio (DPR) is 31.40%.

Insider Activity at Baker Hughes

In related news, EVP Maria C. Borras sold 8,000 shares of Baker Hughes stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $44.77, for a total transaction of $358,160.00. Following the completion of the sale, the executive vice president now directly owns 173,302 shares of the company's stock, valued at approximately $7,758,730.54. This trade represents a 4.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.27% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Piper Sandler lowered their price target on Baker Hughes from $53.00 to $50.00 and set an "overweight" rating for the company in a research note on Thursday. Barclays cut their price objective on shares of Baker Hughes from $54.00 to $48.00 and set an "overweight" rating on the stock in a research report on Thursday. JPMorgan Chase & Co. increased their target price on Baker Hughes from $50.00 to $52.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. TD Cowen dropped their price target on Baker Hughes from $50.00 to $49.00 and set a "buy" rating on the stock in a research note on Thursday. Finally, Benchmark reaffirmed a "buy" rating and set a $57.00 price objective on shares of Baker Hughes in a research report on Tuesday, February 11th. Two research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $49.53.

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.