Wall Street analysts expect Halliburton (NYSE:HAL) to announce earnings per share (EPS) of $0.38 for the current quarter, according to Zacks Investment Research. Ten analysts have made estimates for Halliburton’s earnings, with estimates ranging from $0.37 to $0.39. Halliburton reported earnings per share of $0.53 during the same quarter last year, which would suggest a negative year-over-year growth rate of 28.3%. The firm is expected to report its next quarterly earnings results on Monday, January 28th.
According to Zacks, analysts expect that Halliburton will report full year earnings of $1.86 per share for the current financial year, with EPS estimates ranging from $1.85 to $1.90. For the next financial year, analysts expect that the business will post earnings of $2.18 per share, with EPS estimates ranging from $1.71 to $2.74. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Halliburton.
Halliburton (NYSE:HAL) last released its quarterly earnings data on Monday, October 22nd. The oilfield services company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.49 by $0.01. The business had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.10 billion. Halliburton had a net margin of 0.70% and a return on equity of 20.42%. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.42 EPS.
Several analysts have recently commented on HAL shares. Morgan Stanley reaffirmed a “buy” rating on shares of Halliburton in a report on Tuesday, October 23rd. Royal Bank of Canada set a $56.00 price objective on shares of Halliburton and gave the company a “buy” rating in a report on Monday, October 22nd. B. Riley set a $51.00 price objective on shares of Halliburton and gave the company a “buy” rating in a report on Thursday, July 26th. Raymond James dropped their price objective on shares of Halliburton from $59.00 to $55.00 and set a “strong-buy” rating on the stock in a report on Tuesday, September 11th. Finally, Societe Generale set a $42.00 price objective on shares of Halliburton and gave the company a “hold” rating in a report on Monday, October 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $51.60.
Shares of HAL stock traded down $0.39 during trading hours on Friday, hitting $34.98. The company’s stock had a trading volume of 9,356,846 shares, compared to its average volume of 11,308,685. The company has a market capitalization of $31.90 billion, a P/E ratio of 28.67, a price-to-earnings-growth ratio of 0.98 and a beta of 1.07. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.31 and a quick ratio of 1.73. Halliburton has a 12-month low of $33.73 and a 12-month high of $57.86.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 27th. Shareholders of record on Thursday, December 6th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.06%. The ex-dividend date is Wednesday, December 5th. Halliburton’s payout ratio is 59.02%.
In other Halliburton news, VP Anne L. Beaty sold 1,210 shares of the stock in a transaction on Thursday, November 8th. The shares were sold at an average price of $36.23, for a total transaction of $43,838.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider James S. Brown sold 15,989 shares of the stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $40.53, for a total transaction of $648,034.17. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of HAL. Avestar Capital LLC lifted its holdings in Halliburton by 1,159.6% during the second quarter. Avestar Capital LLC now owns 2,368 shares of the oilfield services company’s stock valued at $105,000 after purchasing an additional 2,180 shares in the last quarter. Whitener Capital Management Inc. purchased a new position in Halliburton during the third quarter valued at $106,000. Sun Life Financial INC lifted its holdings in Halliburton by 1,170.1% during the second quarter. Sun Life Financial INC now owns 2,375 shares of the oilfield services company’s stock valued at $107,000 after purchasing an additional 2,188 shares in the last quarter. Lee Financial Co acquired a new stake in shares of Halliburton in the third quarter valued at about $118,000. Finally, Stelac Advisory Services LLC acquired a new stake in shares of Halliburton in the third quarter valued at about $126,000. 79.62% of the stock is currently owned by institutional investors and hedge funds.
Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.
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