Q4 2024 Earnings Forecast for Baker Hughes Issued By Atb Cap Markets (NASDAQ:BKR)

Baker Hughes (NASDAQ:BKR) – Analysts at Atb Cap Markets increased their Q4 2024 earnings per share estimates for Baker Hughes in a research report issued to clients and investors on Sunday, April 7th. Atb Cap Markets analyst W. Syed now expects that the company will post earnings per share of $0.70 for the quarter, up from their previous estimate of $0.69. The consensus estimate for Baker Hughes’ current full-year earnings is $2.07 per share. Atb Cap Markets also issued estimates for Baker Hughes’ Q1 2026 earnings at $0.61 EPS and FY2026 earnings at $2.90 EPS.

Baker Hughes (NASDAQ:BKR) last announced its quarterly earnings data on Wednesday, January 24th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.04. The firm had revenue of $6.84 billion during the quarter, compared to the consensus estimate of $6.93 billion. Baker Hughes had a net margin of 7.62% and a return on equity of 10.63%. The firm’s revenue was up 15.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.38 earnings per share.

A number of other brokerages have also recently weighed in on BKR. Susquehanna reissued a “positive” rating and set a $40.00 price objective on shares of Baker Hughes in a research note on Monday. Royal Bank of Canada reissued an “outperform” rating and set a $39.00 price objective on shares of Baker Hughes in a research note on Thursday, February 1st. Citigroup reduced their target price on shares of Baker Hughes from $42.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, January 26th. Wolfe Research lowered shares of Baker Hughes from an “outperform” rating to a “peer perform” rating in a report on Monday, January 29th. Finally, TD Cowen boosted their price objective on shares of Baker Hughes from $46.00 to $49.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, Baker Hughes has an average rating of “Moderate Buy” and an average target price of $40.87.

Baker Hughes Price Performance

BKR stock opened at $34.15 on Wednesday. The company has a current ratio of 1.25, a quick ratio of 0.86 and a debt-to-equity ratio of 0.38. The firm has a 50 day moving average of $31.18 and a 200-day moving average of $32.71. Baker Hughes has a 12-month low of $26.81 and a 12-month high of $37.58. The company has a market cap of $34.18 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 0.71 and a beta of 1.42.

Institutional Investors Weigh In On Baker Hughes

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BKR. Nordea Investment Management AB raised its holdings in Baker Hughes by 731.1% in the 4th quarter. Nordea Investment Management AB now owns 1,458,833 shares of the company’s stock worth $49,732,000 after acquiring an additional 1,283,296 shares during the period. Wellington Management Group LLP raised its stake in shares of Baker Hughes by 12.0% in the third quarter. Wellington Management Group LLP now owns 905,513 shares of the company’s stock worth $31,983,000 after acquiring an additional 97,108 shares during the last quarter. Artemis Investment Management LLP raised its stake in shares of Baker Hughes by 8.7% in the fourth quarter. Artemis Investment Management LLP now owns 3,111,853 shares of the company’s stock worth $106,365,000 after acquiring an additional 248,125 shares during the last quarter. DDD Partners LLC bought a new position in shares of Baker Hughes in the fourth quarter worth about $11,054,000. Finally, Qube Research & Technologies Ltd bought a new position in shares of Baker Hughes in the third quarter worth about $29,400,000. Hedge funds and other institutional investors own 92.06% of the company’s stock.

Insider Activity

In other news, SVP James E. Apostolides sold 5,000 shares of the stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $33.88, for a total value of $169,400.00. Following the completion of the transaction, the senior vice president now directly owns 14,998 shares in the company, valued at $508,132.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, SVP James E. Apostolides sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $33.88, for a total transaction of $169,400.00. Following the completion of the sale, the senior vice president now directly owns 14,998 shares in the company, valued at $508,132.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP James E. Apostolides sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $29.44, for a total transaction of $294,400.00. Following the sale, the senior vice president now owns 14,451 shares of the company’s stock, valued at $425,437.44. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

Baker Hughes Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Tuesday, February 13th were paid a $0.21 dividend. The ex-dividend date was Monday, February 12th. This represents a $0.84 annualized dividend and a dividend yield of 2.46%. This is a positive change from Baker Hughes’s previous quarterly dividend of $0.20. Baker Hughes’s dividend payout ratio (DPR) is presently 43.98%.

Baker Hughes Company Profile

Baker Hughes Company provides a portfolio of technologies and services to energy and industrial value chain worldwide. The company operates through Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET) segments. The OFSE segment designs and manufactures products and provides related services, including exploration, appraisal, development, production, rejuvenation, and decommissioning for onshore and offshore oilfield operations.