Baker Hughes (NASDAQ:BKR – Get Free Report) announced its earnings results on Tuesday. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.06, Briefing.com reports. The firm had revenue of $6.91 billion for the quarter, compared to analysts’ expectations of $7.21 billion. Baker Hughes had a net margin of 7.37% and a return on equity of 12.45%. The business’s revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.42 EPS.
Baker Hughes Stock Performance
Shares of NASDAQ BKR traded down $0.22 during midday trading on Thursday, reaching $36.78. 8,786,430 shares of the stock were exchanged, compared to its average volume of 7,218,471. The company has a quick ratio of 0.86, a current ratio of 1.27 and a debt-to-equity ratio of 0.37. The firm has a market cap of $36.71 billion, a price-to-earnings ratio of 20.55, a PEG ratio of 0.61 and a beta of 1.38. The firm has a 50-day simple moving average of $35.61 and a two-hundred day simple moving average of $34.35. Baker Hughes has a twelve month low of $28.32 and a twelve month high of $39.05.
Baker Hughes Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Monday, November 4th will be given a $0.21 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.84 annualized dividend and a yield of 2.28%. Baker Hughes’s dividend payout ratio is presently 46.93%.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Report on Baker Hughes
Insider Activity at Baker Hughes
In other news, CEO Lorenzo Simonelli sold 114,286 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $38.55, for a total transaction of $4,405,725.30. Following the sale, the chief executive officer now directly owns 616,339 shares of the company’s stock, valued at $23,759,868.45. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.25% of the company’s stock.
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.
Recommended Stories
- Five stocks we like better than Baker Hughes
- What to Know About Investing in Penny Stocks
- Why Meta’s Pre-Earnings Dip Could Be A Golden Entry Opportunity
- Profitably Trade Stocks at 52-Week Highs
- Spirit Airlines Stock Nearly Doubled: Are Clear Skies Ahead?
- Why Are Stock Sectors Important to Successful Investing?
- Tesla Stock: Buy the Dips, Sell the Rips
Receive News & Ratings for Baker Hughes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baker Hughes and related companies with MarketBeat.com's FREE daily email newsletter.