Baker Hughes (BKR) to Release Earnings on Thursday

Baker Hughes (NASDAQ:BKR) will likely be posting its quarterly earnings results after the market closes on Thursday, January 30th. Analysts expect Baker Hughes to post earnings of $0.63 per share and revenue of $7,072,413.91 billion for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Baker Hughes (NASDAQ:BKR) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.61 by $0.06. The business had revenue of $6.91 billion during the quarter, compared to analysts’ expectations of $7.21 billion. Baker Hughes had a net margin of 8.20% and a return on equity of 13.77%. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.42 EPS. On average, analysts expect Baker Hughes to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Baker Hughes Stock Down 2.6 %

NASDAQ:BKR opened at $45.81 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.30 and a quick ratio of 0.88. The company’s fifty day moving average price is $42.85 and its 200-day moving average price is $38.56. Baker Hughes has a 1-year low of $28.32 and a 1-year high of $47.47. The firm has a market capitalization of $45.33 billion, a P/E ratio of 20.54, a PEG ratio of 0.89 and a beta of 1.39.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Argus upgraded shares of Baker Hughes from a “hold” rating to a “buy” rating in a research report on Friday, October 25th. Piper Sandler assumed coverage on Baker Hughes in a research report on Thursday, December 19th. They set an “overweight” rating and a $53.00 target price on the stock. Morgan Stanley lifted their price target on Baker Hughes from $42.00 to $45.00 and gave the company an “overweight” rating in a research note on Thursday, October 3rd. Stifel Nicolaus increased their price target on Baker Hughes from $45.00 to $48.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Finally, BMO Capital Markets boosted their price objective on Baker Hughes from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, October 10th. Three analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $47.53.

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.