Baker Hughes Q1 EPS Forecast Decreased by Seaport Res Ptn

Baker Hughes (NASDAQ:BKR) – Equities researchers at Seaport Res Ptn dropped their Q1 2025 earnings per share estimates for Baker Hughes in a research note issued on Monday, March 17th. Seaport Res Ptn analyst T. Curran now forecasts that the company will post earnings per share of $0.49 for the quarter, down from their previous estimate of $0.53. The consensus estimate for Baker Hughes’ current full-year earnings is $2.59 per share. Seaport Res Ptn also issued estimates for Baker Hughes’ FY2025 earnings at $2.64 EPS.

Baker Hughes (NASDAQ:BKR) last issued its earnings results on Thursday, January 30th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.07. Baker Hughes had a return on equity of 14.58% and a net margin of 10.70%.

A number of other analysts also recently issued reports on the stock. Piper Sandler raised their price target on shares of Baker Hughes from $53.00 to $55.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Evercore ISI lifted their target price on Baker Hughes from $46.00 to $52.00 and gave the company an “outperform” rating in a research report on Wednesday, January 15th. JPMorgan Chase & Co. upped their price target on Baker Hughes from $50.00 to $52.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Royal Bank of Canada raised their price objective on Baker Hughes from $49.00 to $53.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Finally, Bank of America upped their target price on shares of Baker Hughes from $42.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Two analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, Baker Hughes has an average rating of “Moderate Buy” and a consensus price target of $51.06.

Baker Hughes Price Performance

Baker Hughes stock opened at $43.70 on Wednesday. The company has a current ratio of 1.32, a quick ratio of 0.94 and a debt-to-equity ratio of 0.35. The stock has a market cap of $43.27 billion, a P/E ratio of 14.66, a PEG ratio of 2.00 and a beta of 1.30. The company has a 50-day moving average price of $44.90 and a 200 day moving average price of $41.21. Baker Hughes has a 12-month low of $30.93 and a 12-month high of $49.40.

Baker Hughes Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Tuesday, February 11th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.11%. This is a boost from Baker Hughes’s previous quarterly dividend of $0.21. The ex-dividend date was Tuesday, February 11th. Baker Hughes’s payout ratio is presently 30.87%.

Insiders Place Their Bets

In other news, EVP Maria C. Borras sold 8,000 shares of Baker Hughes stock in a transaction on Monday, January 27th. The shares were sold at an average price of $44.77, for a total transaction of $358,160.00. Following the completion of the sale, the executive vice president now directly owns 173,302 shares of the company’s stock, valued at approximately $7,758,730.54. The trade was a 4.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.25% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Capital Research Global Investors boosted its stake in Baker Hughes by 0.6% in the fourth quarter. Capital Research Global Investors now owns 27,687,590 shares of the company’s stock valued at $1,135,744,000 after acquiring an additional 177,232 shares in the last quarter. Geode Capital Management LLC grew its position in Baker Hughes by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 24,543,925 shares of the company’s stock valued at $1,004,212,000 after buying an additional 465,832 shares during the last quarter. Norges Bank acquired a new position in Baker Hughes in the 4th quarter valued at $829,092,000. FMR LLC raised its position in Baker Hughes by 12.5% during the 4th quarter. FMR LLC now owns 15,702,057 shares of the company’s stock worth $644,098,000 after buying an additional 1,744,225 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Baker Hughes by 8.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 11,552,478 shares of the company’s stock worth $473,880,000 after acquiring an additional 874,297 shares during the period. Hedge funds and other institutional investors own 92.06% of the company’s stock.

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.