Q1 2020 Earnings Forecast for Baker Hughes A GE Co Issued By SunTrust Banks (BHGE)
Baker Hughes A GE Co (NYSE:BHGE) – Stock analysts at SunTrust Banks lifted their Q1 2020 EPS estimates for Baker Hughes A GE in a report released on Thursday, November 15th. SunTrust Banks analyst K. Sill now expects that the company will post earnings per share of $0.42 for the quarter, up from their previous forecast of $0.39. SunTrust Banks currently has a “Buy” rating and a $39.00 target price on the stock. SunTrust Banks also issued estimates for Baker Hughes A GE’s Q2 2020 earnings at $0.49 EPS, Q3 2020 earnings at $0.58 EPS and FY2020 earnings at $2.22 EPS.
Baker Hughes A GE (NYSE:BHGE) last posted its quarterly earnings results on Tuesday, October 30th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.02). The business had revenue of $5.67 billion during the quarter, compared to analyst estimates of $5.88 billion. Baker Hughes A GE had a net margin of 0.16% and a return on equity of 0.59%. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.05 earnings per share.
Shares of BHGE stock opened at $22.41 on Monday. The firm has a market cap of $9.63 billion, a P/E ratio of 43.10, a PEG ratio of 4.53 and a beta of 0.84. Baker Hughes A GE has a 1 year low of $21.90 and a 1 year high of $37.76. The company has a quick ratio of 1.35, a current ratio of 1.91 and a debt-to-equity ratio of 0.17.
Several large investors have recently made changes to their positions in BHGE. Capital International Investors grew its position in shares of Baker Hughes A GE by 1,249.7% in the third quarter. Capital International Investors now owns 16,163,579 shares of the company’s stock valued at $546,814,000 after purchasing an additional 14,965,979 shares during the period. Millennium Management LLC grew its position in shares of Baker Hughes A GE by 521.2% in the second quarter. Millennium Management LLC now owns 4,112,049 shares of the company’s stock valued at $135,821,000 after purchasing an additional 3,450,049 shares during the period. Point72 Asset Management L.P. purchased a new stake in shares of Baker Hughes A GE in the third quarter valued at $80,306,000. Dodge & Cox grew its position in shares of Baker Hughes A GE by 4.2% in the third quarter. Dodge & Cox now owns 39,653,536 shares of the company’s stock valued at $1,341,479,000 after purchasing an additional 1,606,897 shares during the period. Finally, Capital World Investors grew its position in shares of Baker Hughes A GE by 2.2% in the third quarter. Capital World Investors now owns 49,431,229 shares of the company’s stock valued at $1,672,258,000 after purchasing an additional 1,061,251 shares during the period. 92.91% of the stock is owned by institutional investors and hedge funds.
In other Baker Hughes A GE news, Director Electric Co General sold 101,200,000 shares of the firm’s stock in a transaction on Monday, November 19th. The stock was sold at an average price of $22.47, for a total transaction of $2,273,964,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.18% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Friday, November 16th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 3.21%. The ex-dividend date is Thursday, November 15th. Baker Hughes A GE’s payout ratio is 138.46%.
About Baker Hughes A GE
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.
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