Jefferies Financial Group Comments on BHP Group PLC’s FY2019 Earnings (BBL)

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BHP Group PLC (NYSE:BBL) – Stock analysts at Jefferies Financial Group lifted their FY2019 earnings per share estimates for shares of BHP Group in a research report issued on Wednesday, March 13th. Jefferies Financial Group analyst C. Lafemina now forecasts that the mining company will post earnings per share of $3.52 for the year, up from their prior forecast of $3.44. Jefferies Financial Group also issued estimates for BHP Group’s FY2020 earnings at $3.74 EPS and FY2021 earnings at $3.86 EPS.

A number of other research analysts have also weighed in on the company. Zacks Investment Research lowered BHP Group from a “buy” rating to a “hold” rating in a report on Tuesday. Societe Generale restated a “hold” rating on shares of BHP Group in a report on Thursday, March 7th. Goldman Sachs Group lowered BHP Group from a “buy” rating to a “neutral” rating in a report on Tuesday, February 12th. Finally, ValuEngine upgraded BHP Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company. BHP Group currently has a consensus rating of “Hold” and an average target price of $44.00.

Shares of BBL stock opened at $45.67 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.16 and a current ratio of 2.55. The firm has a market capitalization of $48.47 billion, a price-to-earnings ratio of 13.59, a PEG ratio of 2.36 and a beta of 0.83. BHP Group has a fifty-two week low of $38.04 and a fifty-two week high of $48.22.

The company also recently disclosed a special dividend, which will be paid on Tuesday, March 26th. Shareholders of record on Friday, March 8th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Thursday, March 7th. This represents a yield of 5.29%. BHP Group’s payout ratio is currently 65.48%.

A number of hedge funds have recently made changes to their positions in the business. Oregon Public Employees Retirement Fund acquired a new stake in shares of BHP Group in the 4th quarter worth $755,000. Cambiar Investors LLC increased its stake in shares of BHP Group by 30.2% in the 4th quarter. Cambiar Investors LLC now owns 4,541,593 shares of the mining company’s stock worth $190,247,000 after acquiring an additional 1,053,148 shares during the last quarter. LMR Partners LLP acquired a new stake in shares of BHP Group in the 4th quarter worth $28,081,000. Manikay Partners LLC acquired a new stake in shares of BHP Group during the 4th quarter worth about $25,134,000. Finally, JPMorgan Chase & Co. increased its position in shares of BHP Group by 693.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 680,358 shares of the mining company’s stock worth $29,922,000 after purchasing an additional 594,605 shares during the last quarter. Institutional investors own 4.38% of the company’s stock.

About BHP Group

BHP Group discovers, acquires, develops, and markets natural resources worldwide. The company engages in the exploration, development, and production of oil and gas properties; and mining of copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ores, as well as metallurgical and energy coal.

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Earnings History and Estimates for BHP Group (NYSE:BBL)

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