Q1 2018 EPS Estimates for Baker Hughes, a GE company Class A (BHGE) Lowered by SunTrust Banks

Baker Hughes, a GE company Class A (NYSE:BHGE) – Analysts at SunTrust Banks dropped their Q1 2018 earnings per share (EPS) estimates for Baker Hughes, a GE company Class A in a research note issued to investors on Thursday. SunTrust Banks analyst K. Sill now expects that the company will earn $0.05 per share for the quarter, down from their prior forecast of $0.09. SunTrust Banks also issued estimates for Baker Hughes, a GE company Class A’s Q2 2018 earnings at $0.09 EPS, Q3 2018 earnings at $0.20 EPS, Q4 2018 earnings at $0.33 EPS, FY2018 earnings at $0.67 EPS, Q2 2019 earnings at $0.34 EPS and Q3 2019 earnings at $0.40 EPS.

Other equities analysts have also issued research reports about the company. Zacks Investment Research lowered Baker Hughes, a GE company Class A from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. Bank of America cut their price target on Baker Hughes, a GE company Class A from $36.00 to $35.00 and set an “underperform” rating for the company in a research note on Thursday, January 25th. Morgan Stanley cut their price target on Baker Hughes, a GE company Class A from $48.00 to $44.00 and set an “overweight” rating for the company in a research note on Thursday, January 25th. B. Riley restated a “hold” rating and issued a $36.00 price target on shares of Baker Hughes, a GE company Class A in a research note on Monday, January 29th. Finally, Goldman Sachs Group upgraded Baker Hughes, a GE company Class A from a “sell” rating to a “neutral” rating and set a $33.50 price target for the company in a research note on Thursday, February 1st. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $38.26.

Baker Hughes, a GE company Class A (BHGE) opened at $26.50 on Monday. The company has a quick ratio of 1.56, a current ratio of 2.08 and a debt-to-equity ratio of 0.16. Baker Hughes, a GE company Class A has a 52 week low of $25.68 and a 52 week high of $40.82. The firm has a market capitalization of $11,346.66, a PE ratio of -25.73, a P/E/G ratio of 4.41 and a beta of 0.68.

Baker Hughes, a GE company Class A (NYSE:BHGE) last announced its quarterly earnings results on Wednesday, January 24th. The company reported $0.15 earnings per share for the quarter, beating the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $5.60 billion. The business’s quarterly revenue was down 2.7% on a year-over-year basis.

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 $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.72%. The ex-dividend date of this dividend is Friday, February 2nd. Baker Hughes, a GE company Class A’s payout ratio is -209.71%.

In related news, insider William D. Marsh sold 5,000 shares of Baker Hughes, a GE company Class A stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $35.00, for a total value of $175,000.00. Following the sale, the insider now directly owns 25,190 shares in the company, valued at approximately $881,650. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.66% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. First Bank & Trust acquired a new stake in Baker Hughes, a GE company Class A in the 3rd quarter worth about $101,000. Amica Retiree Medical Trust acquired a new position in shares of Baker Hughes, a GE company Class A during the 3rd quarter worth approximately $101,000. Trust Co. of Vermont acquired a new position in shares of Baker Hughes, a GE company Class A during the 3rd quarter worth approximately $105,000. Westside Investment Management Inc. acquired a new position in shares of Baker Hughes, a GE company Class A during the 3rd quarter worth approximately $108,000. Finally, Sun Life Financial INC acquired a new position in shares of Baker Hughes, a GE company Class A during the 3rd quarter worth approximately $115,000. Institutional investors own 89.76% of the company’s stock.

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Baker Hughes, a GE company Class A Company Profile

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.

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

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