Baker Hughes (NASDAQ:BKR – Get Free Report) released its earnings results on Tuesday. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.40 by $0.03, RTT News reports. The firm had revenue of $6.42 billion for 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 11.45%. Baker Hughes’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the company earned $0.28 EPS.
Baker Hughes Stock Performance
Shares of NASDAQ:BKR traded up $0.46 during trading on Thursday, reaching $33.13. The stock had a trading volume of 3,480,941 shares, compared to its average volume of 8,702,037. Baker Hughes has a 52 week low of $26.81 and a 52 week high of $37.58. The firm has a market capitalization of $33.16 billion, a price-to-earnings ratio of 18.41, a P/E/G ratio of 0.62 and a beta of 1.42. The company has a quick ratio of 0.86, a current ratio of 1.25 and a debt-to-equity ratio of 0.38. The stock has a fifty day simple moving average of $31.89 and a two-hundred day simple moving average of $32.55.
Baker Hughes Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Monday, May 6th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend is Friday, May 3rd. Baker Hughes’s dividend payout ratio is 46.93%.
Insider Activity
Analyst Ratings Changes
Several equities analysts have commented on the stock. The Goldman Sachs Group raised their target price on shares of Baker Hughes from $36.00 to $38.00 in a research note on Tuesday. UBS Group lifted their price objective on shares of Baker Hughes from $35.00 to $36.00 in a research note on Tuesday. Citigroup lowered their price objective on shares of Baker Hughes from $42.00 to $41.00 and set a “buy” rating on the stock in a research note on Friday, January 26th. Susquehanna reaffirmed a “positive” rating and issued a $40.00 price objective on shares of Baker Hughes in a research note on Monday, April 8th. Finally, Wolfe Research downgraded shares of Baker Hughes from an “outperform” rating to a “peer perform” rating in a research report on Monday, January 29th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.94.
Read Our Latest Stock Report on Baker Hughes
About Baker Hughes
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.
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