Baker Hughes (BKR) Projected to Post Earnings on Thursday

Baker Hughes (NASDAQ:BKR) will likely be posting its quarterly earnings results after the market closes on Thursday, January 30th. Analysts expect Baker Hughes to post earnings of $0.63 per share and revenue of $7,072,413.91 billion for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Baker Hughes (NASDAQ:BKR) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. The business had revenue of $6.91 billion for the quarter, compared to analyst estimates of $7.21 billion. Baker Hughes had a return on equity of 13.77% and a net margin of 8.20%. The company’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.42 earnings per share. On average, analysts expect Baker Hughes to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Baker Hughes Stock Down 2.6 %

Shares of NASDAQ BKR opened at $45.81 on Thursday. The stock has a market cap of $45.33 billion, a P/E ratio of 20.54, a PEG ratio of 0.89 and a beta of 1.39. The business’s fifty day simple moving average is $42.85 and its 200-day simple moving average is $38.56. Baker Hughes has a 12-month low of $28.32 and a 12-month high of $47.47. The company has a current ratio of 1.30, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BKR. TD Cowen decreased their price objective on Baker Hughes from $53.00 to $51.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Wells Fargo & Company lifted their price target on shares of Baker Hughes from $42.00 to $49.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. Citigroup boosted their price target on shares of Baker Hughes from $42.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Susquehanna raised their price objective on shares of Baker Hughes from $46.00 to $48.00 and gave the company a “positive” rating in a report on Thursday, October 24th. Finally, BMO Capital Markets boosted their target price on shares of Baker Hughes from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, October 10th. Three equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $47.53.

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.