FY2018 EPS Estimates for BHP Billiton plc (BBL) Lowered by Jefferies Group

BHP Billiton plc (NYSE:BBL) – Jefferies Group lowered their FY2018 EPS estimates for shares of BHP Billiton in a note issued to investors on Tuesday. Jefferies Group analyst C. Lafemina now expects that the mining company will post earnings of $3.26 per share for the year, down from their prior forecast of $3.35. Jefferies Group has a “Hold” rating and a $40.00 price target on the stock. Jefferies Group also issued estimates for BHP Billiton’s FY2020 earnings at $2.72 EPS.

Several other equities research analysts have also issued reports on the stock. Citigroup reiterated a “neutral” rating on shares of BHP Billiton in a research note on Wednesday. Deutsche Bank lowered shares of BHP Billiton from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Zacks Investment Research lowered shares of BHP Billiton from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. BHP Billiton has an average rating of “Hold” and a consensus target price of $45.00.

Shares of BHP Billiton (NYSE:BBL) opened at $42.75 on Friday. BHP Billiton has a twelve month low of $28.73 and a twelve month high of $45.43. The company has a current ratio of 1.75, a quick ratio of 1.53 and a debt-to-equity ratio of 0.41. The company has a market cap of $122,010.00, a price-to-earnings ratio of 17.45, a P/E/G ratio of 2.39 and a beta of 1.16.

The firm also recently declared a None dividend, which will be paid on Tuesday, March 27th. Shareholders of record on Friday, March 9th will be paid a $1.10 dividend. This is a positive change from BHP Billiton’s previous None dividend of $0.86. This represents a yield of 5.31%. The ex-dividend date of this dividend is Thursday, March 8th. BHP Billiton’s payout ratio is presently 67.76%.

Hedge funds have recently modified their holdings of the business. SevenBridge Financial Group LLC acquired a new stake in BHP Billiton in the 4th quarter valued at $105,000. Group One Trading L.P. increased its stake in BHP Billiton by 668.8% in the 3rd quarter. Group One Trading L.P. now owns 3,075 shares of the mining company’s stock valued at $109,000 after buying an additional 2,675 shares during the last quarter. Icon Wealth Partners LLC acquired a new stake in BHP Billiton in the 4th quarter valued at $138,000. Knowledge Leaders Capital LLC increased its stake in BHP Billiton by 59.3% in the 3rd quarter. Knowledge Leaders Capital LLC now owns 3,939 shares of the mining company’s stock valued at $140,000 after buying an additional 1,467 shares during the last quarter. Finally, Commonwealth Equity Services Inc acquired a new stake in BHP Billiton in the 3rd quarter valued at $217,000. Hedge funds and other institutional investors own 4.15% of the company’s stock.

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BHP Billiton Company Profile

BHP Billiton Plc is a global resources company. The Company is a producer of various commodities, including iron ore, metallurgical coal, copper and uranium. Its segments include Petroleum, Copper, Iron Ore and Coal. The Petroleum segment is engaged in the exploration, development and production of oil and gas.

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

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