Wall Street analysts forecast that Baker Hughes, a GE company (NYSE:BHGE) will post earnings of $0.07 per share for the current quarter, according to Zacks. Nine analysts have issued estimates for Baker Hughes, a GE’s earnings. The highest EPS estimate is $0.16 and the lowest is $0.03. Baker Hughes, a GE posted earnings per share of ($0.04) in the same quarter last year, which would indicate a positive year over year growth rate of 275%. The business is expected to report its next quarterly earnings report before the market opens on Friday, April 20th.
On average, analysts expect that Baker Hughes, a GE will report full year earnings of $0.78 per share for the current financial year, with EPS estimates ranging from $0.58 to $0.95. For the next financial year, analysts expect that the company will report earnings of $1.53 per share, with EPS estimates ranging from $1.28 to $1.71. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that follow Baker Hughes, a GE.
Baker Hughes, a GE (NYSE:BHGE) last posted its earnings results on Wednesday, January 24th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. The company had revenue of $5.76 billion for the quarter, compared to analysts’ expectations of $5.60 billion. Baker Hughes, a GE had a positive return on equity of 0.10% and a negative net margin of 2.79%. Baker Hughes, a GE’s revenue was down 2.7% compared to the same quarter last year.
BHGE stock traded down $0.18 during mid-day trading on Monday, reaching $29.40. The company had a trading volume of 3,757,610 shares, compared to its average volume of 5,629,487. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.56 and a current ratio of 2.08. The stock has a market capitalization of $12,499.97, a price-to-earnings ratio of 56.54, a PEG ratio of 4.75 and a beta of 0.75. Baker Hughes, a GE has a one year low of $25.53 and a one year high of $43.27.
In related news, insider William D. Marsh sold 5,000 shares of Baker Hughes, a GE stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $35.00, for a total transaction of $175,000.00. Following the transaction, the insider now directly owns 25,190 shares of the company’s stock, valued at $881,650. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.18% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in BHGE. Delpha Capital Management LLC acquired a new position in Baker Hughes, a GE during the fourth quarter worth about $106,000. Zions Bancorporation purchased a new position in Baker Hughes, a GE in the 3rd quarter worth about $150,000. MHI Funds LLC purchased a new position in Baker Hughes, a GE in the 4th quarter worth about $175,000. Baldwin Brothers Inc. MA purchased a new position in Baker Hughes, a GE in the 4th quarter worth about $190,000. Finally, Gofen & Glossberg LLC IL purchased a new position in Baker Hughes, a GE in the 3rd quarter worth about $221,000. 92.27% of the stock is currently owned by hedge funds and other institutional investors.
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About Baker Hughes, a GE
Baker Hughes, a GE company provides integrated oilfield products, services, and digital solutions worldwide. Its Oilfield Services segment offers drilling, wireline, evaluation, completion, production, and intervention services; and drilling and completions fluids, completions tools and systems, wellbore intervention tools and services, artificial lift systems, pressure pumping systems, and oilfield and industrial chemicals for integrated oil and natural gas, and oilfield service companies for onshore and offshore operations.
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