Analysts Anticipate Baker Hughes, a GE company Class A (BHGE) Will Post Quarterly Sales of $5.60 Billion

Equities analysts expect Baker Hughes, a GE company Class A (NYSE:BHGE) to report sales of $5.60 billion for the current quarter, Zacks Investment Research reports. Eight analysts have made estimates for Baker Hughes, a GE company Class A’s earnings. The lowest sales estimate is $5.31 billion and the highest is $5.89 billion. Baker Hughes, a GE company Class A posted sales of $2.41 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 132.4%. The firm is expected to report its next quarterly earnings results before the market opens on Wednesday, January 24th.

According to Zacks, analysts expect that Baker Hughes, a GE company Class A will report full year sales of $5.60 billion for the current year, with estimates ranging from $15.35 billion to $21.87 billion. For the next financial year, analysts forecast that the company will post sales of $22.68 billion per share, with estimates ranging from $21.36 billion to $24.80 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Baker Hughes, a GE company Class A.

Baker Hughes, a GE company Class A (NYSE:BHGE) last posted its quarterly earnings results on Friday, October 20th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.07). Baker Hughes, a GE company Class A had a negative return on equity of 0.84% and a negative net margin of 6.66%. The company had revenue of $5.38 billion for the quarter, compared to the consensus estimate of $5.52 billion. The business’s revenue for the quarter was up 77.7% on a year-over-year basis.

BHGE has been the topic of several recent research reports. JPMorgan Chase & Co. reduced their price target on Baker Hughes, a GE company Class A from $32.00 to $30.00 and set a “neutral” rating on the stock in a research report on Thursday, September 21st. Bank of America initiated coverage on Baker Hughes, a GE company Class A in a research report on Monday, September 25th. They set an “underperform” rating and a $36.00 price target on the stock. Barclays set a $43.00 price target on Baker Hughes, a GE company Class A and gave the stock an “overweight” rating in a research report on Friday, September 29th. UBS Group lowered Baker Hughes, a GE company Class A from a “positive” rating to a “neutral” rating in a research report on Monday, October 2nd. Finally, Susquehanna Bancshares restated a “neutral” rating and set a $38.00 price target (down from $42.00) on shares of Baker Hughes, a GE company Class A in a research report on Monday, October 2nd. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $40.58.

In other news, insider William D. Marsh sold 5,000 shares of Baker Hughes, a GE company Class A stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $35.00, for a total value of $175,000.00. Following the sale, the insider now directly owns 25,190 shares in the company, valued at approximately $881,650. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Matthias L. Heilmann acquired 1,500 shares of the business’s stock in a transaction dated Thursday, October 26th. The stock was acquired at an average price of $30.04 per share, for a total transaction of $45,060.00. Following the completion of the transaction, the insider now owns 3,500 shares in the company, valued at approximately $105,140. The disclosure for this purchase can be found here. 0.66% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. boosted its position in shares of Baker Hughes, a GE company Class A by 5.0% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 2,065,351 shares of the company’s stock valued at $65,348,000 after purchasing an additional 98,233 shares in the last quarter. Gateway Investment Advisers LLC boosted its position in shares of Baker Hughes, a GE company Class A by 20.2% during the fourth quarter. Gateway Investment Advisers LLC now owns 314,599 shares of the company’s stock valued at $9,954,000 after purchasing an additional 52,960 shares in the last quarter. National Pension Service boosted its position in shares of Baker Hughes, a GE company Class A by 23.2% during the fourth quarter. National Pension Service now owns 469,330 shares of the company’s stock valued at $14,850,000 after purchasing an additional 88,403 shares in the last quarter. KCS Wealth Advisory bought a new stake in shares of Baker Hughes, a GE company Class A during the fourth quarter valued at approximately $225,000. Finally, Hexavest Inc. bought a new stake in shares of Baker Hughes, a GE company Class A during the fourth quarter valued at approximately $34,752,000. Institutional investors own 89.30% of the company’s stock.

Baker Hughes, a GE company Class A (BHGE) traded up $0.01 on Wednesday, reaching $36.29. The company had a trading volume of 4,075,132 shares, compared to its average volume of 4,370,600. The company has a current ratio of 1.90, a quick ratio of 1.29 and a debt-to-equity ratio of 0.08. Baker Hughes, a GE company Class A has a fifty-two week low of $29.62 and a fifty-two week high of $63.95. The company has a market cap of $15,530.00 and a price-to-earnings ratio of -5.54.

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About Baker Hughes, a GE company Class A

Baker Hughes, a GE company provides integrated oilfield products, services, and digital solutions worldwide. The company offers upstream services, including evaluation, drilling, production, and completion; midstream services comprising equipment and services for LNG, and pipeline and storage; and chemical, mechanical, digital, and service solutions for refinery and petrochemical operations.

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