Bill Barrett Co. (HPR) Expected to Announce Quarterly Sales of $82.66 Million

Analysts predict that Bill Barrett Co. (NYSE:HPR) will report $82.66 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Bill Barrett’s earnings, with estimates ranging from $79.56 million to $88.10 million. Bill Barrett reported sales of $50.54 million in the same quarter last year, which indicates a positive year over year growth rate of 63.6%. The business is expected to announce its next quarterly earnings results after the market closes on Tuesday, May 8th.

According to Zacks, analysts expect that Bill Barrett will report full-year sales of $472.69 million for the current fiscal year, with estimates ranging from $432.00 million to $515.10 million. For the next year, analysts forecast that the company will post sales of $807.81 million per share, with estimates ranging from $741.70 million to $860.97 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Bill Barrett.

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Bill Barrett (NYSE:HPR) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.04. Bill Barrett had a negative return on equity of 5.27% and a negative net margin of 54.67%. The business had revenue of $83.37 million during the quarter, compared to the consensus estimate of $82.23 million.

Several equities research analysts recently issued reports on the company. Zacks Investment Research downgraded Bill Barrett from a “buy” rating to a “hold” rating in a report on Saturday, March 24th. ValuEngine upgraded Bill Barrett from a “strong sell” rating to a “sell” rating in a research note on Thursday, March 22nd. Stifel Nicolaus set a $8.00 price objective on Bill Barrett and gave the company a “buy” rating in a research note on Wednesday, March 28th. Finally, Johnson Rice initiated coverage on Bill Barrett in a research note on Wednesday, March 21st. They issued a “buy” rating and a $10.00 price objective for the company.

Shares of Bill Barrett stock opened at $5.59 on Tuesday. Bill Barrett has a 12-month low of $2.66 and a 12-month high of $6.93. The firm has a market cap of $620.16, a P/E ratio of -14.71 and a beta of 3.37. The company has a quick ratio of 2.47, a current ratio of 2.47 and a debt-to-equity ratio of 1.03.

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Earnings History and Estimates for Bill Barrett (NYSE:HPR)

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