Equities analysts predict that Baker Hughes Incorporated (NYSE:BHGE) will announce $5.59 billion in sales for the current fiscal quarter, according to Zacks. Eight analysts have made estimates for Baker Hughes’ earnings, with estimates ranging from $5.20 billion to $5.89 billion. Baker Hughes posted sales of $2.41 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 132%. The firm is expected to report its next quarterly earnings report on Thursday, January 25th.

On average, analysts expect that Baker Hughes will report full year sales of $5.59 billion for the current financial year, with estimates ranging from $15.60 billion to $21.87 billion. For the next year, analysts expect that the business will report sales of $22.74 billion per share, with estimates ranging from $21.42 billion to $24.80 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Baker Hughes.

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

Several equities research analysts have recently weighed in on the stock. Jefferies Group reaffirmed a “hold” rating and issued a $40.00 price target on shares of Baker Hughes in a research report on Sunday, September 10th. Barclays set a $43.00 price target on shares of Baker Hughes and gave the stock an “overweight” rating in a research report on Friday, September 29th. Royal Bank of Canada set a $44.00 price target on shares of Baker Hughes and gave the stock a “buy” rating in a research report on Saturday, October 7th. Susquehanna Bancshares reaffirmed a “neutral” rating and issued a $38.00 price target (down previously from $42.00) on shares of Baker Hughes in a research report on Monday, October 2nd. Finally, Zacks Investment Research raised shares of Baker Hughes from a “strong sell” rating to a “hold” rating in a research report on Monday, November 13th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company. Baker Hughes currently has a consensus rating of “Hold” and a consensus price target of $40.74.

In other news, insider Matthias L. Heilmann bought 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The stock was bought at an average price of $30.04 per share, with a total value of $45,060.00. Following the completion of the transaction, the insider now directly owns 3,500 shares of the company’s stock, valued at approximately $105,140. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.66% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Stonebridge Capital Management Inc. acquired a new position in Baker Hughes during the 3rd quarter valued at approximately $594,000. South Dakota Investment Council acquired a new position in Baker Hughes during the 2nd quarter valued at approximately $4,610,000. Edge Wealth Management LLC acquired a new position in Baker Hughes during the 3rd quarter valued at approximately $378,000. Osborn Williams & Donohoe LLC acquired a new position in Baker Hughes during the 3rd quarter valued at approximately $514,000. Finally, Whittier Trust Co. of Nevada Inc. acquired a new position in Baker Hughes during the 3rd quarter valued at approximately $2,790,000. Institutional investors and hedge funds own 89.48% of the company’s stock.

Shares of Baker Hughes (NYSE BHGE) traded up $0.26 on Thursday, hitting $30.59. 7,625,301 shares of the stock traded hands, compared to its average volume of 3,213,893. Baker Hughes has a 52-week low of $29.62 and a 52-week high of $66.59. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.90 and a quick ratio of 1.29.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Monday, November 6th were given a dividend of $0.18 per share. This is a boost from Baker Hughes’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $0.72 dividend on an annualized basis and a yield of 2.35%. Baker Hughes’s dividend payout ratio is presently -111.34%.

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