BHP Group Ltd (NYSE:BHP) Expected to Earn FY2020 Earnings of $4.91 Per Share

BHP Group Ltd (NYSE:BHP) – Jefferies Financial Group upped their FY2020 EPS estimates for shares of BHP Group in a research note issued on Wednesday, June 12th. Jefferies Financial Group analyst C. Lafemina now expects that the mining company will earn $4.91 per share for the year, up from their prior estimate of $4.47.

Several other equities research analysts have also issued reports on BHP. Goldman Sachs Group lowered BHP Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 19th. Societe Generale lowered BHP Group from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. Zacks Investment Research lowered BHP Group from a “buy” rating to a “hold” rating in a research note on Tuesday, March 12th. Macquarie reaffirmed a “buy” rating on shares of BHP Group in a research note on Tuesday, March 26th. Finally, UBS Group lowered BHP Group from a “buy” rating to a “neutral” rating in a research note on Monday, April 22nd. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. BHP Group has a consensus rating of “Hold” and a consensus target price of $64.00.

NYSE:BHP opened at $55.47 on Friday. The company has a market capitalization of $87.98 billion, a PE ratio of 16.51, a P/E/G ratio of 2.70 and a beta of 0.75. BHP Group has a 1 year low of $43.19 and a 1 year high of $57.25. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.55 and a quick ratio of 2.16.

Several large investors have recently bought and sold shares of the company. Meridian Wealth Management LLC purchased a new stake in shares of BHP Group in the first quarter worth approximately $55,000. GYL Financial Synergies LLC purchased a new stake in shares of BHP Group in the first quarter worth approximately $202,000. Advisory Services Network LLC raised its holdings in shares of BHP Group by 5.7% in the first quarter. Advisory Services Network LLC now owns 26,383 shares of the mining company’s stock worth $1,442,000 after buying an additional 1,431 shares during the period. FMR LLC raised its holdings in shares of BHP Group by 28.7% in the first quarter. FMR LLC now owns 29,000 shares of the mining company’s stock worth $1,585,000 after buying an additional 6,471 shares during the period. Finally, HighTower Advisors LLC raised its holdings in shares of BHP Group by 56.7% in the first quarter. HighTower Advisors LLC now owns 71,253 shares of the mining company’s stock worth $3,899,000 after buying an additional 25,773 shares during the period. 3.59% of the stock is owned by institutional investors and hedge funds.

About BHP Group

BHP Group discovers, acquires, develops, and markets natural resources worldwide. The company engages in the exploration, development, and production of oil and gas properties; and mining of copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ores, as well as metallurgical and energy coal.

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Earnings History and Estimates for BHP Group (NYSE:BHP)

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