$5.37 Billion in Sales Expected for Baker Hughes, a GE company Class A (BHGE) This Quarter

Equities analysts expect Baker Hughes, a GE company Class A (NYSE:BHGE) to post sales of $5.37 billion for the current fiscal quarter, Zacks reports. Seven analysts have made estimates for Baker Hughes, a GE company Class A’s earnings, with estimates ranging from $5.33 billion to $5.42 billion. Baker Hughes, a GE company Class A posted sales of $2.26 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 137.6%. The firm is expected to announce its next quarterly earnings report on Tuesday, April 24th.

On average, analysts expect that Baker Hughes, a GE company Class A will report full year sales of $5.37 billion for the current year, with estimates ranging from $21.72 billion to $24.80 billion. For the next financial year, analysts anticipate that the company will report sales of $24.62 billion per share, with estimates ranging from $22.31 billion to $26.15 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Baker Hughes, a GE company Class A.

Baker Hughes, a GE company Class A (NYSE:BHGE) last announced its earnings results on Wednesday, January 24th. The company reported $0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.01. The company had revenue of $5.76 billion during the quarter, compared to the consensus estimate of $5.60 billion. Baker Hughes, a GE company Class A had a negative net margin of 2.79% and a positive return on equity of 0.10%. The company’s quarterly revenue was down 2.7% on a year-over-year basis.

Several analysts have recently commented on the stock. Citigroup lowered their target price on shares of Baker Hughes, a GE company Class A from $40.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, February 13th. Royal Bank of Canada set a $30.00 target price on shares of Baker Hughes, a GE company Class A and gave the company a “buy” rating in a report on Friday, February 9th. Susquehanna Bancshares set a $30.00 target price on shares of Baker Hughes, a GE company Class A and gave the company a “hold” rating in a report on Friday, February 9th. ValuEngine downgraded shares of Baker Hughes, a GE company Class A from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Finally, Goldman Sachs Group upgraded shares of Baker Hughes, a GE company Class A from a “sell” rating to a “neutral” rating and set a $33.50 price objective for the company in a report on Thursday, February 1st. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $37.98.

Shares of Baker Hughes, a GE company Class A (BHGE) opened at $26.53 on Monday. The company has a market cap of $11,360.00 and a PE ratio of -4.05. The company has a quick ratio of 1.56, a current ratio of 2.08 and a debt-to-equity ratio of 0.16. Baker Hughes, a GE company Class A has a 1-year low of $25.53 and a 1-year high of $40.82.

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 16th. Investors of record on Monday, February 5th were issued a dividend of $0.18 per share. The ex-dividend date was Friday, February 2nd. This represents a $0.72 dividend on an annualized basis and a yield of 2.71%. Baker Hughes, a GE company Class A’s dividend payout ratio (DPR) is presently -32.98%.

In related news, insider William D. Marsh sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $35.00, for a total transaction of $175,000.00. Following the completion of the sale, the insider now owns 25,190 shares in the company, valued at $881,650. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.66% of the company’s stock.

A number of large investors have recently modified their holdings of BHGE. Eqis Capital Management Inc. bought a new position in Baker Hughes, a GE company Class A during the third quarter worth about $236,000. Mutual of America Capital Management LLC bought a new position in Baker Hughes, a GE company Class A during the third quarter worth about $5,688,000. Arrow Financial Corp bought a new position in Baker Hughes, a GE company Class A during the third quarter worth about $303,000. Alpha Windward LLC bought a new position in Baker Hughes, a GE company Class A during the third quarter worth about $167,000. Finally, Robeco Institutional Asset Management B.V. bought a new position in Baker Hughes, a GE company Class A during the third quarter worth about $2,001,000. Hedge funds and other institutional investors own 89.98% of the company’s stock.

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Baker Hughes, a GE company Class A Company Profile

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

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