Atb Cap Markets Forecasts Reduced Earnings for Baker Hughes

Baker Hughes (NASDAQ:BKR - Free Report) - Research analysts at Atb Cap Markets dropped their FY2025 earnings per share (EPS) estimates for shares of Baker Hughes in a research note issued to investors on Wednesday, October 23rd. Atb Cap Markets analyst W. Syed now expects that the company will post earnings of $2.54 per share for the year, down from their prior forecast of $2.55. The consensus estimate for Baker Hughes' current full-year earnings is $2.25 per share. Atb Cap Markets also issued estimates for Baker Hughes' Q4 2025 earnings at $0.75 EPS.

Baker Hughes (NASDAQ:BKR - Get Free Report) last posted its earnings results on Tuesday, October 22nd. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.06. Baker Hughes had a net margin of 7.37% and a return on equity of 12.45%. The firm had revenue of $6.91 billion during the quarter, compared to analyst estimates of $7.21 billion. During the same quarter in the prior year, the business posted $0.42 EPS. The business's revenue was up 4.0% compared to the same quarter last year.

A number of other brokerages have also commented on BKR. Jefferies Financial Group lifted their price target on Baker Hughes from $46.00 to $48.00 and gave the stock a "buy" rating in a report on Monday, July 29th. Susquehanna lifted their target price on Baker Hughes from $46.00 to $48.00 and gave the stock a "positive" rating in a research note on Thursday. Evercore ISI increased their price target on shares of Baker Hughes from $42.00 to $46.00 and gave the company an "outperform" rating in a research report on Monday, July 29th. Citigroup lowered their price objective on shares of Baker Hughes from $44.00 to $42.00 and set a "buy" rating on the stock in a research report on Friday, September 27th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Baker Hughes from $42.00 to $43.00 and gave the company an "overweight" rating in a research note on Monday, July 29th. Two equities 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 stock presently has an average rating of "Moderate Buy" and an average target price of $44.12.

Baker Hughes Stock Up 2.0 %

NASDAQ:BKR traded up $0.74 on Friday, hitting $37.52. The stock had a trading volume of 5,667,164 shares, compared to its average volume of 7,218,666. Baker Hughes has a 1 year low of $28.32 and a 1 year high of $39.05. The firm's fifty day simple moving average is $35.64 and its two-hundred day simple moving average is $34.36. The stock has a market cap of $37.44 billion, a P/E ratio of 20.96, a price-to-earnings-growth ratio of 0.61 and a beta of 1.38. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.86 and a current ratio of 1.27.

Hedge Funds Weigh In On Baker Hughes

A number of institutional investors have recently added to or reduced their stakes in BKR. Price T Rowe Associates Inc. MD increased its position in shares of Baker Hughes by 32.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 17,364,995 shares of the company's stock worth $581,729,000 after purchasing an additional 4,207,973 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Baker Hughes by 8.6% in the 2nd quarter. Legal & General Group Plc now owns 8,723,388 shares of the company's stock worth $306,801,000 after buying an additional 692,859 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Baker Hughes by 7.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,898,322 shares of the company's stock worth $348,074,000 after acquiring an additional 680,621 shares during the last quarter. Clearbridge Investments LLC grew its position in Baker Hughes by 10.2% in the first quarter. Clearbridge Investments LLC now owns 6,609,115 shares of the company's stock worth $221,405,000 after acquiring an additional 612,715 shares in the last quarter. Finally, Intermede Investment Partners Ltd grew its position in Baker Hughes by 16.5% in the first quarter. Intermede Investment Partners Ltd now owns 4,284,361 shares of the company's stock worth $143,526,000 after acquiring an additional 606,671 shares in the last quarter. 92.06% of the stock is currently owned by institutional investors.

Insider Transactions at Baker Hughes

In related news, CEO Lorenzo Simonelli sold 114,286 shares of the business's stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $35.00, for a total transaction of $4,000,010.00. Following the completion of the transaction, the chief executive officer now owns 502,053 shares of the company's stock, valued at approximately $17,571,855. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.25% of the company's stock.

Baker Hughes Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, November 4th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.24%. The ex-dividend date is Monday, November 4th. Baker Hughes's dividend payout ratio is presently 46.93%.

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.