Wall Street brokerages forecast that Halliburton Company (NYSE:HAL) will report sales of $5.57 billion for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have made estimates for Halliburton’s earnings. The highest sales estimate is $5.68 billion and the lowest is $5.29 billion. Halliburton posted sales of $4.02 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 38.6%. The business is expected to issue its next quarterly earnings report before the market opens on Monday, January 22nd.

According to Zacks, analysts expect that Halliburton will report full-year sales of $5.57 billion for the current year, with estimates ranging from $19.80 billion to $20.36 billion. For the next financial year, analysts expect that the firm will post sales of $23.25 billion per share, with estimates ranging from $21.91 billion to $25.97 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow Halliburton.

Halliburton (NYSE:HAL) last posted its earnings results on Monday, October 23rd. The oilfield services company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.04. The firm had revenue of $5.44 billion during the quarter, compared to analyst estimates of $5.35 billion. Halliburton had a net margin of 1.13% and a return on equity of 6.93%. Halliburton’s revenue for the quarter was up 42.0% compared to the same quarter last year. During the same period last year, the firm posted $0.01 earnings per share.

HAL has been the subject of several research analyst reports. Loop Capital reiterated a “buy” rating and set a $57.00 target price (down from $62.00) on shares of Halliburton in a research report on Tuesday, October 24th. ValuEngine downgraded Halliburton from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Scotiabank reiterated a “buy” rating and set a $52.00 target price on shares of Halliburton in a research report on Wednesday, October 25th. J P Morgan Chase & Co decreased their price objective on Halliburton from $60.00 to $55.00 and set an “overweight” rating for the company in a report on Tuesday, September 12th. Finally, Cowen set a $50.00 price objective on Halliburton and gave the company a “hold” rating in a report on Friday, October 6th. One analyst has rated the stock with a sell rating, four have given a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $57.55.

In related news, EVP Lawrence J. Pope sold 9,100 shares of Halliburton stock in a transaction on Monday, November 27th. The stock was sold at an average price of $41.35, for a total transaction of $376,285.00. Following the completion of the transaction, the executive vice president now directly owns 180,646 shares of the company’s stock, valued at $7,469,712.10. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman David J. Lesar sold 50,000 shares of Halliburton stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $43.70, for a total value of $2,185,000.00. Following the transaction, the chairman now directly owns 490,143 shares of the company’s stock, valued at $21,419,249.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 88,585 shares of company stock worth $3,858,920. Company insiders own 0.46% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Halliburton by 2.2% during the second quarter. Vanguard Group Inc. now owns 59,770,447 shares of the oilfield services company’s stock valued at $2,552,795,000 after acquiring an additional 1,267,141 shares during the period. BlackRock Inc. boosted its position in shares of Halliburton by 7.6% in the second quarter. BlackRock Inc. now owns 55,790,373 shares of the oilfield services company’s stock worth $2,382,809,000 after buying an additional 3,955,245 shares during the period. Capital World Investors lifted its stake in shares of Halliburton by 0.7% in the second quarter. Capital World Investors now owns 47,713,255 shares of the oilfield services company’s stock worth $2,037,833,000 after acquiring an additional 320,362 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Halliburton by 9.1% in the third quarter. Ameriprise Financial Inc. now owns 17,051,088 shares of the oilfield services company’s stock worth $784,822,000 after acquiring an additional 1,427,985 shares in the last quarter. Finally, Macquarie Group Ltd. lifted its stake in shares of Halliburton by 2.5% in the third quarter. Macquarie Group Ltd. now owns 15,931,445 shares of the oilfield services company’s stock worth $733,325,000 after acquiring an additional 384,565 shares in the last quarter. Hedge funds and other institutional investors own 79.95% of the company’s stock.

Halliburton (NYSE HAL) opened at $44.76 on Thursday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.67 and a current ratio of 2.20. The company has a market cap of $39,473.75, a price-to-earnings ratio of 61.97, a price-to-earnings-growth ratio of 4.89 and a beta of 1.03. Halliburton has a one year low of $38.18 and a one year high of $58.78.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, December 7th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, December 6th. This represents a $0.72 annualized dividend and a dividend yield of 1.61%. Halliburton’s dividend payout ratio (DPR) is currently 300.01%.

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Halliburton Company Profile

Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.

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Earnings History and Estimates for Halliburton (NYSE:HAL)

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