$5.57 Billion in Sales Expected for Halliburton Company (HAL) This Quarter

Analysts forecast that Halliburton Company (NYSE:HAL) will report sales of $5.57 billion for the current fiscal quarter, according to Zacks. Ten analysts have issued estimates for Halliburton’s earnings. The lowest sales estimate is $5.29 billion and the highest is $5.68 billion. Halliburton reported sales of $4.02 billion in the same quarter last year, which indicates a positive year over year growth rate of 38.6%. The company is scheduled to announce its next quarterly earnings report before the market opens on Monday, January 22nd.

On average, analysts expect that Halliburton will report full-year sales of $5.57 billion for the current financial year, with estimates ranging from $19.80 billion to $20.36 billion. For the next fiscal year, analysts expect that the company will report sales of $23.24 billion per share, with estimates ranging from $21.91 billion to $25.97 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Halliburton.

Halliburton (NYSE:HAL) last announced its earnings results on Monday, October 23rd. The oilfield services company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.38 by $0.04. The firm had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $5.35 billion. Halliburton had a net margin of 1.13% and a return on equity of 6.93%. The business’s quarterly revenue was up 42.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.01 EPS.

Several research analysts recently commented on HAL shares. ValuEngine upgraded shares of Halliburton from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Zacks Investment Research downgraded shares of Halliburton from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Citigroup boosted their price objective on shares of Halliburton from $52.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, October 5th. TheStreet upgraded shares of Halliburton from a “d+” rating to a “c-” rating in a report on Friday, September 29th. Finally, Cowen set a $50.00 price objective on shares of Halliburton and gave the stock a “hold” rating in a report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. Halliburton has a consensus rating of “Buy” and a consensus price target of $57.21.

In other news, VP Anne L. Beaty sold 1,245 shares of Halliburton stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $51.50, for a total transaction of $64,117.50. Following the sale, the vice president now directly owns 60,839 shares in the company, valued at approximately $3,133,208.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman David J. Lesar sold 50,000 shares of Halliburton stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $43.70, for a total transaction of $2,185,000.00. Following the sale, the chairman now owns 490,143 shares in the company, valued at $21,419,249.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 141,612 shares of company stock worth $6,556,433. 0.47% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in HAL. YorkBridge Wealth Partners LLC boosted its position in Halliburton by 243.3% in the third quarter. YorkBridge Wealth Partners LLC now owns 3,165 shares of the oilfield services company’s stock valued at $146,000 after buying an additional 2,243 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Halliburton during the third quarter worth approximately $184,000. Krilogy Financial LLC lifted its position in shares of Halliburton by 35.9% during the second quarter. Krilogy Financial LLC now owns 4,588 shares of the oilfield services company’s stock worth $196,000 after purchasing an additional 1,212 shares in the last quarter. Neville Rodie & Shaw Inc. acquired a new position in shares of Halliburton during the third quarter worth approximately $202,000. Finally, Banced Corp acquired a new position in shares of Halliburton during the fourth quarter worth approximately $211,000. Hedge funds and other institutional investors own 79.88% of the company’s stock.

Shares of Halliburton (HAL) traded up $0.92 on Wednesday, reaching $53.05. 3,941,504 shares of the company traded hands, compared to its average volume of 9,146,940. The company has a market cap of $46,330.00, a P/E ratio of 221.04, a PEG ratio of 3.04 and a beta of 1.03. Halliburton has a 12-month low of $38.18 and a 12-month high of $58.78. The company has a quick ratio of 1.67, a current ratio of 2.20 and a debt-to-equity ratio of 1.13.

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Thursday, December 7th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, December 6th. This represents a $0.72 annualized dividend and a dividend yield of 1.36%. Halliburton’s dividend payout ratio (DPR) is currently 300.00%.

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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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