Q4 EPS Estimates for Baker Hughes Lowered by Analyst

Baker Hughes (NASDAQ:BKR) – Capital One Financial decreased their Q4 2024 earnings per share estimates for Baker Hughes in a report released on Monday, November 4th. Capital One Financial analyst D. Becker now forecasts that the company will post earnings per share of $0.63 for the quarter, down from their previous 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.

A number of other research firms also recently weighed in on BKR. Benchmark restated a “buy” rating and issued a $42.00 price objective on shares of Baker Hughes in a report on Thursday, October 24th. TD Cowen raised their price objective on Baker Hughes from $46.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Morgan Stanley upped their target price on Baker Hughes from $42.00 to $45.00 and gave the company an “overweight” rating in a report on Thursday, October 3rd. The Goldman Sachs Group raised their price target on shares of Baker Hughes from $39.00 to $43.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Finally, Citigroup reduced 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 note on Friday, September 27th. 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, Baker Hughes has a consensus rating of “Moderate Buy” and a consensus price target of $44.12.

Baker Hughes Price Performance

BKR stock opened at $43.10 on Thursday. The company has a market capitalization of $42.65 billion, a P/E ratio of 19.33, a PEG ratio of 0.65 and a beta of 1.38. The company has a fifty day moving average price of $36.26 and a 200-day moving average price of $34.70. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.30. Baker Hughes has a 52-week low of $28.32 and a 52-week high of $43.23.

Baker Hughes (NASDAQ:BKR) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $0.67 earnings per share (EPS) 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 business had revenue of $6.91 billion during the quarter, compared to analyst estimates of $7.21 billion. During the same quarter last year, the business earned $0.42 EPS. The firm’s quarterly revenue was up 4.0% on a year-over-year basis.

Baker Hughes Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, November 4th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date is Monday, November 4th. Baker Hughes’s dividend payout ratio (DPR) is currently 37.67%.

Institutional Investors Weigh In On Baker Hughes

Hedge funds have recently added to or reduced their stakes in the company. Bridges Investment Management Inc. raised its position in shares of Baker Hughes by 3.1% during the third quarter. Bridges Investment Management Inc. now owns 9,203 shares of the company’s stock worth $333,000 after purchasing an additional 273 shares during the period. UMB Bank n.a. lifted its stake 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 buying an additional 291 shares in the last quarter. Graypoint LLC lifted its stake in shares of Baker Hughes by 3.0% in the third quarter. Graypoint LLC now owns 10,288 shares of the company’s stock valued at $372,000 after buying an additional 301 shares in the last quarter. First Trust Direct Indexing L.P. grew its holdings in shares of Baker Hughes by 1.4% during the third quarter. First Trust Direct Indexing L.P. now owns 29,841 shares of the company’s stock valued at $1,079,000 after buying an additional 398 shares during the last quarter. Finally, Guinness Atkinson Asset Management Inc increased its position in shares of Baker Hughes by 6.9% during the second quarter. Guinness Atkinson Asset Management Inc now owns 7,205 shares of the company’s stock worth $253,000 after acquiring an additional 467 shares in the last quarter. Institutional investors and hedge funds 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.