Baker Hughes, a GE company Class A (NASDAQ:BHGE) – Investment analysts at Capital One Financial Corporation reduced their Q3 2017 EPS estimates for Baker Hughes, a GE company Class A in a research report issued to clients and investors on Wednesday. Capital One Financial Corporation analyst L. Lemoine now anticipates that the company will earn $0.14 per share for the quarter, down from their previous estimate of $0.20. Capital One Financial Corporation also issued estimates for Baker Hughes, a GE company Class A’s Q4 2017 earnings at $0.18 EPS, Q1 2018 earnings at $0.31 EPS, Q2 2018 earnings at $0.35 EPS, Q3 2018 earnings at $0.40 EPS, Q4 2018 earnings at $0.42 EPS and FY2018 earnings at $1.48 EPS.

Baker Hughes, a GE company Class A (NASDAQ:BHGE) last posted its earnings results on Friday, July 28th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.27). The company had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter in the prior year, the firm posted ($0.90) earnings per share. The business’s quarterly revenue was down .2% compared to the same quarter last year. WARNING: “Q3 2017 Earnings Forecast for Baker Hughes, a GE company Class A Issued By Capital One Financial Corporation (BHGE)” was originally published by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another website, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The original version of this article can be read at https://www.americanbankingnews.com/2017/10/05/q3-2017-earnings-forecast-for-baker-hughes-a-ge-company-class-a-issued-by-capital-one-financial-corporation-bhge.html.

Other equities analysts have also issued research reports about the stock. FBR & Co assumed coverage on shares of Baker Hughes, a GE company Class A in a research note on Monday, July 17th. They issued a “market perform” rating and a $42.00 price objective for the company. UBS AG lowered shares of Baker Hughes, a GE company Class A from a “positive” rating to a “neutral” rating in a research note on Monday. Jefferies Group LLC reissued a “hold” rating and set a $40.00 target price (down previously from $67.00) on shares of Baker Hughes, a GE company Class A in a research note on Wednesday, August 9th. Seaport Global Securities reissued a “neutral” rating on shares of Baker Hughes, a GE company Class A in a research note on Thursday, July 20th. Finally, Argus assumed coverage on shares of Baker Hughes, a GE company Class A in a research note on Monday, August 21st. They set a “buy” rating and a $43.00 target price for the company. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $43.36.

Baker Hughes, a GE company Class A (NASDAQ BHGE) opened at 36.71 on Thursday. Baker Hughes, a GE company Class A has a 52 week low of $32.43 and a 52 week high of $68.59. The stock’s market cap is $15.71 billion. The firm’s 50 day moving average price is $35.23 and its 200-day moving average price is $47.38.

In other news, Director John G. Rice purchased 5,000 shares of Baker Hughes, a GE company Class A stock in a transaction on Wednesday, August 2nd. The shares were purchased at an average cost of $35.37 per share, for a total transaction of $176,850.00. Following the completion of the transaction, the director now directly owns 5,000 shares in the company, valued at $176,850. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Brian Worrell purchased 2,801 shares of Baker Hughes, a GE company Class A stock in a transaction on Wednesday, August 2nd. The stock was purchased at an average price of $35.24 per share, for a total transaction of $98,707.24. Following the completion of the transaction, the chief financial officer now owns 2,801 shares of the company’s stock, valued at $98,707.24. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 13,901 shares of company stock worth $476,796.

A number of large investors have recently added to or reduced their stakes in BHGE. M&R Capital Management Inc. acquired a new position in shares of Baker Hughes, a GE company Class A during the second quarter worth approximately $141,000. Fairpointe Capital LLC bought a new stake in shares of Baker Hughes, a GE company Class A during the second quarter worth approximately $229,000. Eqis Capital Management Inc. bought a new stake in Baker Hughes, a GE company Class A in the third quarter valued at approximately $236,000. FTB Advisors Inc. bought a new stake in Baker Hughes, a GE company Class A in the second quarter valued at approximately $442,000. Finally, Osborn Williams & Donohoe LLC bought a new stake in Baker Hughes, a GE company Class A in the third quarter valued at approximately $514,000.

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

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