Analysts expect Baker Hughes A GE Co (NYSE:BHGE) to report sales of $5.89 billion for the current fiscal quarter, according to Zacks. Eight analysts have made estimates for Baker Hughes A GE’s earnings. The lowest sales estimate is $5.67 billion and the highest is $6.03 billion. Baker Hughes A GE reported sales of $5.38 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 9.5%. The company is scheduled to issue its next quarterly earnings results before the market opens on Tuesday, October 30th.

On average, analysts expect that Baker Hughes A GE will report full-year sales of $23.05 billion for the current year, with estimates ranging from $22.51 billion to $23.55 billion. For the next year, analysts forecast that the business will post sales of $25.10 billion, with estimates ranging from $24.08 billion to $26.26 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Baker Hughes A GE.

Baker Hughes A GE (NYSE:BHGE) last issued its quarterly earnings data on Friday, July 20th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.04). Baker Hughes A GE had a negative net margin of 0.37% and a positive return on equity of 0.43%. The firm had revenue of $5.55 billion during the quarter, compared to analyst estimates of $5.57 billion. During the same period last year, the business earned $0.28 EPS. The firm’s revenue was up 2.4% compared to the same quarter last year.

Several brokerages have issued reports on BHGE. Zacks Investment Research downgraded shares of Baker Hughes A GE from a “hold” rating to a “sell” rating in a research report on Tuesday, July 10th. Barclays reiterated a “buy” rating and set a $37.00 target price on shares of Baker Hughes A GE in a research note on Thursday, July 26th. Cowen reduced their target price on Baker Hughes A GE from $50.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday, July 6th. Citigroup increased their target price on Baker Hughes A GE from $40.00 to $43.00 and gave the company a “buy” rating in a research note on Monday, June 25th. Finally, ValuEngine upgraded Baker Hughes A GE from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 24th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and sixteen have assigned a buy rating to the company. Baker Hughes A GE currently has a consensus rating of “Buy” and an average price target of $37.57.

In related news, insider Matthias L. Heilmann sold 12,000 shares of the firm’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $34.00, for a total transaction of $408,000.00. Following the transaction, the insider now directly owns 3,743 shares in the company, valued at $127,262. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Kurt Camilleri sold 2,513 shares of the firm’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $34.00, for a total value of $85,442.00. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in BHGE. Essex Investment Management Co. LLC acquired a new stake in Baker Hughes A GE in the third quarter worth $275,000. Nisa Investment Advisors LLC increased its position in Baker Hughes A GE by 26.9% in the third quarter. Nisa Investment Advisors LLC now owns 78,342 shares of the company’s stock worth $2,650,000 after buying an additional 16,610 shares during the period. RWC Asset Management LLP increased its position in Baker Hughes A GE by 10.6% in the third quarter. RWC Asset Management LLP now owns 188,960 shares of the company’s stock worth $6,393,000 after buying an additional 18,164 shares during the period. Berkshire Asset Management LLC PA increased its position in Baker Hughes A GE by 1.3% in the third quarter. Berkshire Asset Management LLC PA now owns 245,466 shares of the company’s stock worth $8,304,000 after buying an additional 3,108 shares during the period. Finally, Bank of Montreal Can increased its position in Baker Hughes A GE by 53.2% in the third quarter. Bank of Montreal Can now owns 218,220 shares of the company’s stock worth $7,384,000 after buying an additional 75,778 shares during the period. Hedge funds and other institutional investors own 93.88% of the company’s stock.

Shares of NYSE:BHGE opened at $30.79 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.90 and a quick ratio of 1.36. Baker Hughes A GE has a 52-week low of $25.53 and a 52-week high of $37.76. The company has a market capitalization of $13.93 billion, a price-to-earnings ratio of 59.21, a PEG ratio of 5.84 and a beta of 0.70.

Baker Hughes A GE Company Profile

Baker Hughes, a GE company provides integrated oilfield products, services, and digital solutions worldwide. Its Oilfield Services segment offers drilling, wireline, evaluation, completion, production, and intervention services; and drilling and completions fluids, completions tools and systems, wellbore intervention tools and services, artificial lift systems, pressure pumping systems, and oilfield and industrial chemicals for integrated oil and natural gas, and oilfield service companies for onshore and offshore operations.

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Earnings History and Estimates for Baker Hughes A GE (NYSE:BHGE)

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