Atb Cap Markets Comments on Baker Hughes FY2027 Earnings

Baker Hughes (NASDAQ:BKR) – Research analysts at Atb Cap Markets issued their FY2027 earnings per share (EPS) estimates for Baker Hughes in a research report issued on Tuesday, December 10th. Atb Cap Markets analyst W. Syed anticipates that the company will earn $2.91 per share for the year. Atb Cap Markets has a “Hold” rating on the stock. The consensus estimate for Baker Hughes’ current full-year earnings is $2.29 per share.

BKR has been the subject of several other reports. Royal Bank of Canada boosted their price objective on shares of Baker Hughes from $43.00 to $49.00 and gave the company an “outperform” rating in a research report on Thursday. Benchmark restated a “buy” rating and set a $42.00 price objective on shares of Baker Hughes in a research report on Thursday, October 24th. BMO Capital Markets lifted their target price on Baker Hughes from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, October 10th. Citigroup boosted their target price on Baker Hughes from $42.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Finally, Barclays raised their price target on shares of Baker Hughes from $41.00 to $46.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, Baker Hughes currently has an average rating of “Moderate Buy” and a consensus target price of $45.12.

Baker Hughes Price Performance

Shares of NASDAQ:BKR opened at $42.15 on Thursday. The firm has a 50 day moving average of $40.55 and a 200-day moving average of $36.67. Baker Hughes has a 12 month low of $28.32 and a 12 month high of $45.17. The company has a current ratio of 1.30, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $41.71 billion, a PE ratio of 18.90, a PEG ratio of 0.72 and a beta of 1.40.

Baker Hughes (NASDAQ:BKR) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. The business had revenue of $6.91 billion during the quarter, compared to the consensus estimate of $7.21 billion. Baker Hughes had a return on equity of 13.77% and a net margin of 8.20%. Baker Hughes’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.42 earnings per share.

Baker Hughes Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 4th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.99%. The ex-dividend date was Monday, November 4th. Baker Hughes’s payout ratio is presently 37.67%.

Institutional Trading of Baker Hughes

Several institutional investors have recently added to or reduced their stakes in BKR. National Pension Service boosted its position in Baker Hughes by 6.4% during the third quarter. National Pension Service now owns 1,362,973 shares of the company’s stock valued at $49,271,000 after acquiring an additional 81,625 shares during the last quarter. Hixon Zuercher LLC acquired a new position in shares of Baker Hughes in the 3rd quarter valued at about $1,980,000. Banque Cantonale Vaudoise boosted its position in shares of Baker Hughes by 76.1% during the 3rd quarter. Banque Cantonale Vaudoise now owns 122,661 shares of the company’s stock valued at $4,434,000 after purchasing an additional 53,006 shares in the last quarter. AQR Capital Management LLC grew its stake in Baker Hughes by 7.6% during the second quarter. AQR Capital Management LLC now owns 6,424,915 shares of the company’s stock worth $223,523,000 after purchasing an additional 455,307 shares during the period. Finally, Thrivent Financial for Lutherans increased its holdings in Baker Hughes by 90.4% in the third quarter. Thrivent Financial for Lutherans now owns 447,673 shares of the company’s stock worth $16,183,000 after purchasing an additional 212,520 shares in the last quarter. 92.06% of the stock is currently owned by institutional investors.

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.