Baker Hughes, a GE company Class A (BHGE) Expected to Announce Quarterly Sales of $5.40 Billion

Analysts predict that Baker Hughes, a GE company Class A (NYSE:BHGE) will post sales of $5.40 billion for the current quarter, according to Zacks. Seven analysts have issued estimates for Baker Hughes, a GE company Class A’s earnings. The highest sales estimate is $5.49 billion and the lowest is $5.33 billion. Baker Hughes, a GE company Class A posted sales of $2.26 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 138.9%. The firm is expected to report its next earnings report on Tuesday, April 24th.

On average, analysts expect that Baker Hughes, a GE company Class A will report full-year sales of $5.40 billion for the current fiscal year, with estimates ranging from $21.72 billion to $24.80 billion. For the next year, analysts anticipate that the company will post sales of $24.72 billion per share, with estimates ranging from $22.31 billion to $26.15 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Baker Hughes, a GE company Class A.

Baker Hughes, a GE company Class A (NYSE:BHGE) last released its earnings results on Wednesday, January 24th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.01. Baker Hughes, a GE company Class A had a positive return on equity of 0.10% and a negative net margin of 2.79%. The firm had revenue of $5.76 billion for the quarter, compared to analyst estimates of $5.60 billion. The company’s revenue was down 2.7% compared to the same quarter last year.

Several equities analysts have weighed in on the company. Goldman Sachs Group raised Baker Hughes, a GE company Class A from a “sell” rating to a “neutral” rating and set a $33.50 target price on the stock in a research note on Thursday. ValuEngine lowered Baker Hughes, a GE company Class A from a “hold” rating to a “sell” rating in a research note on Friday. Wells Fargo & Co cut their target price on Baker Hughes, a GE company Class A from $43.00 to $40.00 and set an “outperform” rating on the stock in a research note on Thursday, January 25th. Cowen reissued an “outperform” rating and issued a $50.00 target price (down previously from $55.00) on shares of Baker Hughes, a GE company Class A in a research note on Friday, January 26th. Finally, Morgan Stanley cut their target price on Baker Hughes, a GE company Class A from $48.00 to $44.00 and set an “overweight” rating on the stock in a research note on Thursday, January 25th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $38.88.

In related news, insider William D. Marsh sold 5,000 shares of the stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $35.00, for a total transaction of $175,000.00. Following the completion of the transaction, the insider now directly owns 25,190 shares in the company, valued at $881,650. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.66% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Kessler Investment Group LLC boosted its position in Baker Hughes, a GE company Class A by 18.7% during the fourth quarter. Kessler Investment Group LLC now owns 10,852 shares of the company’s stock valued at $343,000 after purchasing an additional 1,711 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its position in Baker Hughes, a GE company Class A by 3.7% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 75,732 shares of the company’s stock valued at $2,396,000 after purchasing an additional 2,712 shares during the last quarter. First Bank & Trust acquired a new position in Baker Hughes, a GE company Class A during the third quarter valued at approximately $101,000. Amica Retiree Medical Trust acquired a new position in Baker Hughes, a GE company Class A during the third quarter valued at approximately $101,000. Finally, Trust Co. of Vermont acquired a new position in Baker Hughes, a GE company Class A during the third quarter valued at approximately $105,000. 89.69% of the stock is owned by hedge funds and other institutional investors.

Baker Hughes, a GE company Class A (BHGE) opened at $31.05 on Friday. Baker Hughes, a GE company Class A has a one year low of $29.62 and a one year high of $40.82. The company has a quick ratio of 1.56, a current ratio of 2.08 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $13,890.00 and a PE ratio of -4.74.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 16th. Investors of record on Monday, February 5th will be issued a dividend of $0.18 per share. The ex-dividend date is Friday, February 2nd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.32%. Baker Hughes, a GE company Class A’s payout ratio is presently -32.98%.

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About Baker Hughes, a GE company Class A

Baker Hughes, a GE company provides integrated oilfield products, services, and digital solutions worldwide. The company offers upstream services, including evaluation, drilling, production, and completion; midstream services comprising equipment and services for LNG, and pipeline and storage; and chemical, mechanical, digital, and service solutions for refinery and petrochemical operations.

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

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