Zacks: Analysts Anticipate Halliburton Company (HAL) Will Announce Quarterly Sales of $5.84 Billion

Analysts predict that Halliburton Company (NYSE:HAL) will announce sales of $5.84 billion for the current quarter, Zacks reports. Nine analysts have provided estimates for Halliburton’s earnings, with the highest sales estimate coming in at $6.03 billion and the lowest estimate coming in at $5.45 billion. Halliburton reported sales of $4.28 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 36.4%. The business is scheduled to report its next quarterly earnings results on Monday, April 23rd.

On average, analysts expect that Halliburton will report full-year sales of $5.84 billion for the current financial year, with estimates ranging from $22.94 billion to $26.00 billion. For the next year, analysts expect that the company will post sales of $27.47 billion per share, with estimates ranging from $25.18 billion to $29.70 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Halliburton.

Halliburton (NYSE:HAL) last announced its quarterly earnings results on Monday, January 22nd. The oilfield services company reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.07. The company had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.63 billion. Halliburton had a positive return on equity of 11.95% and a negative net margin of 2.25%. The firm’s quarterly revenue was up 47.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.04 earnings per share.

Several equities analysts have recently weighed in on HAL shares. Piper Jaffray Companies set a $53.00 price target on Halliburton and gave the company a “buy” rating in a research report on Monday, October 30th. FBR & Co reduced their price target on Halliburton from $61.00 to $55.00 and set a “buy” rating for the company in a research report on Tuesday, October 24th. Deutsche Bank started coverage on Halliburton in a research report on Tuesday, October 10th. They issued a “buy” rating and a $54.00 price target for the company. Atlantic Securities upgraded Halliburton from an “underweight” rating to a “neutral” rating in a research report on Monday, January 29th. Finally, Cowen set a $50.00 price target on Halliburton and gave the company a “hold” rating in a research report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. Halliburton currently has an average rating of “Buy” and an average price target of $59.73.

In other Halliburton news, EVP Lawrence J. Pope sold 9,100 shares of Halliburton stock in a transaction dated 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 sale, the executive vice president now owns 180,646 shares of the company’s stock, valued at $7,469,712.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Robb L. Voyles sold 39,287 shares of Halliburton stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $55.00, for a total value of $2,160,785.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 164,507 shares of company stock valued at $8,380,429. 0.46% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of HAL. Cerebellum GP LLC bought a new stake in Halliburton during the fourth quarter worth about $131,000. YorkBridge Wealth Partners LLC lifted its stake in Halliburton by 243.3% during the third quarter. YorkBridge Wealth Partners LLC now owns 3,165 shares of the oilfield services company’s stock worth $146,000 after purchasing an additional 2,243 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in Halliburton during the third quarter worth about $184,000. Nicolet Bankshares Inc. bought a new stake in Halliburton during the fourth quarter worth about $193,000. Finally, Krilogy Financial LLC lifted its stake in 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 during the last quarter. 79.98% of the stock is owned by hedge funds and other institutional investors.

Halliburton (HAL) opened at $52.19 on Friday. The firm has a market capitalization of $47,562.21, a price-to-earnings ratio of -98.47, a PEG ratio of 2.60 and a beta of 0.97. Halliburton has a 52-week low of $38.18 and a 52-week high of $57.86. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.22 and a quick ratio of 1.72.

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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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