Brokers Set Expectations for Baker Hughes’ Q4 2024 Earnings (NASDAQ:BKR)

Baker Hughes (NASDAQ:BKR) – Atb Cap Markets decreased their Q4 2024 earnings per share estimates for Baker Hughes in a report released on Wednesday, April 24th. Atb Cap Markets analyst W. Syed now forecasts that the company will post earnings of $0.64 per share for the quarter, down from their prior forecast of $0.70. The consensus estimate for Baker Hughes’ current full-year earnings is $2.08 per share. Atb Cap Markets also issued estimates for Baker Hughes’ Q3 2025 earnings at $0.60 EPS, Q4 2025 earnings at $0.81 EPS, FY2025 earnings at $2.46 EPS, Q1 2026 earnings at $0.57 EPS and FY2026 earnings at $2.81 EPS.

Other analysts have also issued research reports about the stock. Susquehanna reaffirmed a “positive” rating and set a $40.00 price objective on shares of Baker Hughes in a report on Monday, April 8th. Wolfe Research cut Baker Hughes from an “outperform” rating to a “peer perform” rating in a report on Monday, January 29th. Barclays cut their price target on Baker Hughes from $43.00 to $42.00 and set an “overweight” rating for the company in a report on Friday, January 26th. Morgan Stanley increased their price objective on shares of Baker Hughes from $40.00 to $43.00 in a report on Tuesday, April 23rd. Finally, Benchmark reaffirmed a “buy” rating and issued a $40.00 target price on shares of Baker Hughes in a research note on Wednesday, April 24th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $40.94.

Baker Hughes Stock Down 1.4 %

Shares of BKR opened at $32.84 on Monday. Baker Hughes has a 12 month low of $26.81 and a 12 month high of $37.58. The stock has a market cap of $32.87 billion, a price-to-earnings ratio of 18.35, a P/E/G ratio of 0.62 and a beta of 1.42. The company has a 50-day moving average price of $32.05 and a two-hundred day moving average price of $32.51. The company has a quick ratio of 0.86, a current ratio of 1.25 and a debt-to-equity ratio of 0.38.

Baker Hughes (NASDAQ:BKR) last released its earnings results on Wednesday, April 24th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.03. The business had revenue of $6.42 billion during the quarter, compared to analysts’ expectations of $6.37 billion. Baker Hughes had a net margin of 6.95% and a return on equity of 11.42%. The firm’s revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the company earned $0.28 earnings per share.

Hedge Funds Weigh In On Baker Hughes

A number of institutional investors have recently bought and sold shares of BKR. UMB Bank n.a. increased its holdings in shares of Baker Hughes by 281.2% in the first quarter. UMB Bank n.a. now owns 1,582 shares of the company’s stock valued at $53,000 after purchasing an additional 1,167 shares during the last quarter. ZWJ Investment Counsel Inc. bought a new stake in shares of Baker Hughes during the 1st quarter worth about $397,000. Mesirow Financial Investment Management Inc. acquired a new position in Baker Hughes in the 1st quarter valued at about $377,000. Checchi Capital Advisers LLC raised its holdings in Baker Hughes by 6.4% in the 1st quarter. Checchi Capital Advisers LLC now owns 8,151 shares of the company’s stock valued at $273,000 after acquiring an additional 490 shares during the period. Finally, Triumph Capital Management lifted its position in Baker Hughes by 26.4% during the first quarter. Triumph Capital Management now owns 7,936 shares of the company’s stock worth $265,000 after acquiring an additional 1,660 shares during the last quarter. Institutional investors and hedge funds own 92.06% of the company’s stock.

Insider Activity at Baker Hughes

In other news, SVP James E. Apostolides sold 10,000 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $29.44, for a total value 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 sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, SVP James E. Apostolides sold 10,000 shares of the company’s stock in a transaction dated 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 in the company, valued at $425,437.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $169,400.00. Following the completion of the transaction, the senior vice president now owns 14,998 shares of the company’s stock, valued at $508,132.24. The disclosure for this sale can be found here. 0.25% of the stock is owned by insiders.

Baker Hughes Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Monday, May 6th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.56%. Baker Hughes’s payout ratio is presently 46.93%.

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.