Atb Cap Markets Forecasts Baker Hughes FY2027 Earnings

Baker Hughes (NASDAQ:BKR) – Equities research analysts at Atb Cap Markets issued their FY2027 earnings per share (EPS) estimates for Baker Hughes in a note issued to investors on Tuesday, December 10th. Atb Cap Markets analyst W. Syed forecasts that the company will post earnings per share of $2.91 for the year. Atb Cap Markets has a “Hold” rating on the stock. The consensus estimate for Baker Hughes’ current full-year earnings is $2.29 per share.

Other equities research analysts have also recently issued reports about the company. UBS Group cut their target price on Baker Hughes from $42.00 to $40.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 18th. Susquehanna lifted their price objective on shares of Baker Hughes from $46.00 to $48.00 and gave the company a “positive” rating in a research report on Thursday, October 24th. Benchmark restated a “buy” rating and issued a $42.00 target price on shares of Baker Hughes in a research report on Thursday, October 24th. Royal Bank of Canada increased their target price on shares of Baker Hughes from $43.00 to $49.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Morgan Stanley boosted their price target on shares of Baker Hughes from $42.00 to $45.00 and gave the stock an “overweight” rating in a research report on Thursday, October 3rd. Three analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.12.

Baker Hughes Trading Down 0.3 %

Shares of NASDAQ BKR opened at $42.33 on Thursday. The company has a market cap of $41.89 billion, a price-to-earnings ratio of 18.98, a price-to-earnings-growth ratio of 0.70 and a beta of 1.40. The stock’s 50 day simple moving average is $40.37 and its 200 day simple moving average is $36.56. The company has a current ratio of 1.30, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. Baker Hughes has a 12-month low of $28.32 and a 12-month high of $45.17.

Baker Hughes (NASDAQ:BKR) last announced its quarterly earnings data 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 business had revenue of $6.91 billion during the quarter, compared to the consensus estimate of $7.21 billion. During the same quarter in the prior year, the firm earned $0.42 EPS. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year.

Baker Hughes Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 4th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend was Monday, November 4th. Baker Hughes’s dividend payout ratio (DPR) is currently 37.67%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in shares of Baker Hughes in the 3rd quarter valued at approximately $30,000. True Wealth Design LLC raised its position in shares of Baker Hughes by 2,181.6% in the third quarter. True Wealth Design LLC now owns 867 shares of the company’s stock valued at $31,000 after purchasing an additional 829 shares during the period. Groupama Asset Managment lifted its stake in shares of Baker Hughes by 1,045.1% in the third quarter. Groupama Asset Managment now owns 889,378 shares of the company’s stock worth $32,000 after buying an additional 811,711 shares during the last quarter. Continuum Advisory LLC boosted its holdings in shares of Baker Hughes by 442.2% during the 3rd quarter. Continuum Advisory LLC now owns 976 shares of the company’s stock worth $35,000 after buying an additional 796 shares during the period. Finally, Alta Advisers Ltd acquired a new position in Baker Hughes in the 2nd quarter valued at $42,000. 92.06% of the stock is owned by institutional investors and hedge funds.

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.