Baker Hughes A GE Co (NYSE:BHGE) – Research analysts at Jefferies Financial Group reduced their Q3 2019 earnings estimates for Baker Hughes A GE in a research note issued to investors on Tuesday, April 30th. Jefferies Financial Group analyst B. Handler now forecasts that the company will post earnings per share of $0.26 for the quarter, down from their prior forecast of $0.27. Jefferies Financial Group also issued estimates for Baker Hughes A GE’s Q4 2019 earnings at $0.37 EPS.

Baker Hughes A GE (NYSE:BHGE) last issued its earnings results on Tuesday, April 30th. The company reported $0.15 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.01. Baker Hughes A GE had a return on equity of 0.88% and a net margin of 0.68%. The company had revenue of $5.62 billion during the quarter, compared to the consensus estimate of $5.63 billion. During the same period in the previous year, the firm posted $0.09 earnings per share. Baker Hughes A GE’s quarterly revenue was up 4.0% compared to the same quarter last year.

A number of other brokerages also recently commented on BHGE. ValuEngine upgraded Baker Hughes A GE from a “sell” rating to a “hold” rating in a research note on Saturday, March 30th. Morgan Stanley downgraded Baker Hughes A GE from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, March 5th. Zacks Investment Research downgraded Baker Hughes A GE from a “hold” rating to a “sell” rating in a research note on Wednesday, April 3rd. Societe Generale assumed coverage on Baker Hughes A GE in a research note on Wednesday, February 27th. They issued a “buy” rating and a $36.00 target price for the company. Finally, Goldman Sachs Group assumed coverage on Baker Hughes A GE in a research note on Sunday, March 10th. They issued a “conviction-buy” rating and a $36.00 target price for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $35.56.

Shares of BHGE stock opened at $23.55 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.65 and a quick ratio of 1.15. Baker Hughes A GE has a 52 week low of $20.09 and a 52 week high of $37.76. The company has a market capitalization of $24.89 billion, a price-to-earnings ratio of 35.68, a P/E/G ratio of 0.46 and a beta of 0.80.

Several hedge funds and other institutional investors have recently modified their holdings of BHGE. Meeder Asset Management Inc. acquired a new position in shares of Baker Hughes A GE during the fourth quarter worth approximately $35,000. Bremer Trust National Association acquired a new position in shares of Baker Hughes A GE during the fourth quarter worth approximately $36,000. JOYN Advisors Inc. raised its holdings in Baker Hughes A GE by 271.0% during the fourth quarter. JOYN Advisors Inc. now owns 1,929 shares of the company’s stock worth $41,000 after purchasing an additional 1,409 shares in the last quarter. Advisory Services Network LLC raised its holdings in Baker Hughes A GE by 130.1% during the fourth quarter. Advisory Services Network LLC now owns 2,103 shares of the company’s stock worth $45,000 after purchasing an additional 1,189 shares in the last quarter. Finally, Lindbrook Capital LLC raised its holdings in Baker Hughes A GE by 91.6% during the first quarter. Lindbrook Capital LLC now owns 1,726 shares of the company’s stock worth $47,000 after purchasing an additional 825 shares in the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

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.

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

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