Q1 EPS Estimates for Baker Hughes Boosted by Seaport Res Ptn

Baker Hughes (NASDAQ:BKR - Free Report) - Analysts at Seaport Res Ptn raised their Q1 2025 earnings estimates for Baker Hughes in a report released on Tuesday, October 29th. Seaport Res Ptn analyst T. Curran now anticipates that the company will earn $0.49 per share for the quarter, up from their prior forecast of $0.45. The consensus estimate for Baker Hughes' current full-year earnings is $2.25 per share. Seaport Res Ptn also issued estimates for Baker Hughes' Q2 2025 earnings at $0.63 EPS, Q4 2025 earnings at $0.66 EPS and FY2025 earnings at $2.52 EPS.

Several other analysts have also commented on the stock. Wells Fargo & Company upgraded shares of Baker Hughes from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $40.00 to $42.00 in a research report on Wednesday, September 25th. Piper Sandler decreased their price objective on shares of Baker Hughes from $45.00 to $44.00 and set an "overweight" rating on the stock in a report on Monday, July 15th. Citigroup decreased their price objective on shares of Baker Hughes from $44.00 to $42.00 and set a "buy" rating on the stock in a report on Friday, September 27th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $43.00 price objective on shares of Baker Hughes in a report on Thursday, October 24th. Finally, Evercore ISI increased their price objective on shares of Baker Hughes from $42.00 to $46.00 and gave the company an "outperform" rating in a report on Monday, July 29th. Two equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $44.12.

Baker Hughes Stock Performance

BKR stock traded up $0.59 during midday trading on Thursday, hitting $38.08. 8,903,203 shares of the stock traded hands, compared to its average volume of 7,224,711. The firm has a market cap of $38.00 billion, a P/E ratio of 21.27, a PEG ratio of 0.61 and a beta of 1.38. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.27 and a quick ratio of 0.86. The stock's fifty day simple moving average is $35.93 and its 200-day simple moving average is $34.49. Baker Hughes has a 1-year low of $28.32 and a 1-year high of $39.05.

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

Institutional Investors Weigh In On Baker Hughes

Institutional investors have recently made changes to their positions in the stock. New Covenant Trust Company N.A. acquired a new stake in shares of Baker Hughes during the first quarter valued at about $34,000. Alta Advisers Ltd acquired a new position in shares of Baker Hughes in the second quarter valued at approximately $42,000. Headlands Technologies LLC acquired a new position in shares of Baker Hughes in the second quarter valued at approximately $48,000. Quarry LP grew its holdings in shares of Baker Hughes by 81.1% in the second quarter. Quarry LP now owns 1,594 shares of the company's stock valued at $56,000 after purchasing an additional 714 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of Baker Hughes by 18.4% in the second quarter. UMB Bank n.a. now owns 1,873 shares of the company's stock valued at $66,000 after purchasing an additional 291 shares in the last quarter. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Lorenzo Simonelli sold 114,286 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer now directly owns 502,053 shares in the company, valued at approximately $17,571,855. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.25% of the stock is owned by company insiders.

Baker Hughes Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Investors 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 yield of 2.21%. The ex-dividend date of this dividend is Monday, November 4th. Baker Hughes's payout ratio is currently 46.93%.

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.