Capital One Financial Forecasts Baker Hughes Q4 Earnings

Baker Hughes (NASDAQ:BKR - Free Report) - Equities researchers at Capital One Financial dropped their Q4 2024 earnings estimates for shares of Baker Hughes in a note issued to investors on Monday, November 4th. Capital One Financial analyst D. Becker now anticipates that the company will post earnings of $0.63 per share for the quarter, down from their prior estimate of $0.65. The consensus estimate for Baker Hughes' current full-year earnings is $2.28 per share. Capital One Financial also issued estimates for Baker Hughes' Q2 2025 earnings at $0.66 EPS, Q3 2025 earnings at $0.69 EPS, Q4 2025 earnings at $0.74 EPS and FY2025 earnings at $2.62 EPS.

Several other analysts have also issued reports on the company. JPMorgan Chase & Co. upped their price target on Baker Hughes from $42.00 to $43.00 and gave the company an "overweight" rating in a research report on Monday, July 29th. UBS Group dropped their price objective on shares of Baker Hughes from $42.00 to $40.00 and set a "neutral" rating on the stock in a report on Wednesday, September 18th. Evercore ISI lifted their target price on shares of Baker Hughes from $42.00 to $46.00 and gave the stock an "outperform" rating in a research note on Monday, July 29th. BMO Capital Markets upped their price target on shares of Baker Hughes from $43.00 to $45.00 and gave the company an "outperform" rating in a research note on Thursday, October 10th. Finally, Morgan Stanley lifted their price objective on shares of Baker Hughes from $42.00 to $45.00 and gave the company an "overweight" rating in a research note on Thursday, October 3rd. Two research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $44.12.

Baker Hughes Stock Performance

Baker Hughes stock traded up $0.36 during trading on Thursday, hitting $43.10. The stock had a trading volume of 11,973,253 shares, compared to its average volume of 5,820,827. The stock's 50 day moving average is $36.26 and its two-hundred day moving average is $34.70. Baker Hughes has a 1 year low of $28.32 and a 1 year high of $43.23. The stock has a market cap of $42.65 billion, a price-to-earnings ratio of 19.33, a price-to-earnings-growth ratio of 0.65 and a beta of 1.38. The company has a quick ratio of 0.88, a current ratio of 1.30 and a debt-to-equity ratio of 0.37.

Baker Hughes (NASDAQ:BKR - Get Free Report) last released its earnings results on Tuesday, October 22nd. The company reported $0.67 earnings per share for the quarter, beating 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 firm had revenue of $6.91 billion for the quarter, compared to analysts' expectations of $7.21 billion. During the same period in the previous year, the company earned $0.42 earnings per share. The company's quarterly revenue was up 4.0% on a year-over-year basis.

Baker Hughes Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, November 4th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend is Monday, November 4th. Baker Hughes's payout ratio is 37.67%.

Hedge Funds Weigh In On Baker Hughes

Institutional investors have recently made changes to their positions in the stock. Quest Partners LLC boosted its holdings in shares of Baker Hughes by 446,900.0% in the 3rd quarter. Quest Partners LLC now owns 4,470 shares of the company's stock worth $162,000 after purchasing an additional 4,469 shares in the last quarter. AMG National Trust Bank boosted its stake in Baker Hughes by 18.7% in the third quarter. AMG National Trust Bank now owns 9,438 shares of the company's stock worth $341,000 after buying an additional 1,487 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Baker Hughes by 90.4% during the third quarter. Thrivent Financial for Lutherans now owns 447,673 shares of the company's stock worth $16,183,000 after acquiring an additional 212,520 shares in the last quarter. Cardano Risk Management B.V. lifted its holdings in shares of Baker Hughes by 1.8% in the 3rd quarter. Cardano Risk Management B.V. now owns 4,579,325 shares of the company's stock worth $165,543,000 after acquiring an additional 82,272 shares during the last quarter. Finally, Natixis Advisors LLC boosted its stake in shares of Baker Hughes by 13.9% in the 3rd quarter. Natixis Advisors LLC now owns 544,414 shares of the company's stock valued at $19,681,000 after purchasing an additional 66,444 shares in the last quarter. Institutional investors own 92.06% of the company's stock.

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.