Baker Hughes (BKR) Scheduled to Post Quarterly Earnings on Thursday

Baker Hughes (NASDAQ:BKR) will be releasing its earnings data after the market closes on Thursday, July 25th. Analysts expect Baker Hughes to post earnings of $0.49 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Baker Hughes (NASDAQ:BKR) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.03. The firm had revenue of $6.42 billion during the quarter, compared to the consensus estimate of $6.37 billion. Baker Hughes had a return on equity of 11.42% and a net margin of 6.95%. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.28 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 Performance

Baker Hughes stock opened at $35.65 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 1.25. Baker Hughes has a fifty-two week low of $28.32 and a fifty-two week high of $37.58. The stock has a fifty day moving average of $33.46 and a two-hundred day moving average of $32.16. The company has a market capitalization of $35.58 billion, a price-to-earnings ratio of 19.92, a PEG ratio of 0.62 and a beta of 1.41.

Insider Activity

In other Baker Hughes news, EVP Maria C. Borras sold 55,980 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $32.00, for a total value of $1,791,360.00. Following the transaction, the executive vice president now owns 92,035 shares in the company, valued at approximately $2,945,120. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.25% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on BKR shares. Jefferies Financial Group raised their price target on shares of Baker Hughes from $45.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, June 28th. UBS Group upped their target price on Baker Hughes from $35.00 to $36.00 in a research note on Tuesday, April 23rd. Morgan Stanley upped their price objective on shares of Baker Hughes from $40.00 to $43.00 in a research note on Tuesday, April 23rd. Benchmark reaffirmed a “buy” rating and set a $40.00 price target on shares of Baker Hughes in a research report on Wednesday, April 24th. Finally, Susquehanna reiterated a “positive” rating and issued a $40.00 price target on shares of Baker Hughes in a report on Monday, April 8th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $40.92.

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.