B. Riley Weighs in on Baker Hughes, a GE company’s Q2 2018 Earnings (BHGE)

Baker Hughes, a GE company (NYSE:BHGE) – Equities researchers at B. Riley dropped their Q2 2018 EPS estimates for Baker Hughes, a GE in a note issued to investors on Tuesday, April 24th. B. Riley analyst T. Curran now expects that the company will post earnings of $0.15 per share for the quarter, down from their prior forecast of $0.18. B. Riley has a “Hold” rating and a $36.00 price objective on the stock. B. Riley also issued estimates for Baker Hughes, a GE’s Q3 2018 earnings at $0.27 EPS and FY2018 earnings at $0.87 EPS.

BHGE has been the subject of a number of other reports. JPMorgan Chase decreased their target price on shares of Baker Hughes, a GE from $30.00 to $29.00 and set a “neutral” rating for the company in a research note on Thursday, January 25th. Barclays decreased their target price on shares of Baker Hughes, a GE from $41.00 to $38.00 and set an “overweight” rating for the company in a research note on Friday, January 26th. BMO Capital Markets decreased their target price on shares of Baker Hughes, a GE from $37.00 to $35.00 and set a “market perform” rating for the company in a research note on Thursday, January 25th. Morgan Stanley decreased their target price on shares of Baker Hughes, a GE from $48.00 to $44.00 and set an “overweight” rating for the company in a research note on Thursday, January 25th. Finally, Jefferies Group set a $31.00 target price on shares of Baker Hughes, a GE and gave the company a “hold” rating in a research note on Wednesday, April 4th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $37.69.

Shares of BHGE opened at $35.98 on Wednesday. The firm has a market cap of $14,634.01, a price-to-earnings ratio of 69.19, a P/E/G ratio of 5.50 and a beta of 0.76. The company has a quick ratio of 1.48, a current ratio of 2.05 and a debt-to-equity ratio of 0.17. Baker Hughes, a GE has a 1-year low of $25.53 and a 1-year high of $42.27.

Baker Hughes, a GE (NYSE:BHGE) last announced its earnings results on Friday, April 20th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. The business had revenue of $5.40 billion during the quarter, compared to analyst estimates of $5.41 billion. Baker Hughes, a GE had a negative net margin of 1.28% and a positive return on equity of 0.25%. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.23) EPS.

A number of hedge funds have recently modified their holdings of BHGE. Renaissance Technologies LLC increased its stake in Baker Hughes, a GE by 1,238.4% in the 4th quarter. Renaissance Technologies LLC now owns 2,124,540 shares of the company’s stock worth $67,220,000 after buying an additional 1,965,800 shares in the last quarter. American Century Companies Inc. increased its stake in Baker Hughes, a GE by 29.7% in the 4th quarter. American Century Companies Inc. now owns 7,762,412 shares of the company’s stock worth $245,603,000 after buying an additional 1,777,693 shares in the last quarter. BlackRock Inc. increased its stake in Baker Hughes, a GE by 5.5% in the 4th quarter. BlackRock Inc. now owns 30,916,382 shares of the company’s stock worth $978,192,000 after buying an additional 1,618,832 shares in the last quarter. Hexavest Inc. purchased a new stake in Baker Hughes, a GE in the 4th quarter worth $34,752,000. Finally, Amundi Pioneer Asset Management Inc. purchased a new stake in Baker Hughes, a GE in the 4th quarter worth $24,858,000. Institutional investors and hedge funds own 92.20% of the company’s stock.

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.

Earnings History and Estimates for Baker Hughes, a GE (NYSE:BHGE)

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