Baker Hughes (NASDAQ:BKR) Issues Quarterly Earnings Results, Beats Expectations By $0.09 EPS

Baker Hughes (NASDAQ:BKR) issued its earnings results on Thursday. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.09, Zacks reports. Baker Hughes had a net margin of 9.33% and a return on equity of 14.26%. The company had revenue of $6.59 billion for the quarter, compared to analysts’ expectations of $6.71 billion. During the same quarter last year, the company posted $0.51 earnings per share. The firm’s quarterly revenue was up 2.5% on a year-over-year basis.

Baker Hughes Trading Up 3.1%

Shares of Baker Hughes stock opened at $64.49 on Friday. The company’s fifty day simple moving average is $61.18 and its 200-day simple moving average is $53.56. The stock has a market capitalization of $63.73 billion, a PE ratio of 24.80, a P/E/G ratio of 2.12 and a beta of 0.90. Baker Hughes has a 1-year low of $34.56 and a 1-year high of $67.00. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.36 and a quick ratio of 1.00.

Baker Hughes Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Tuesday, February 17th. Baker Hughes’s dividend payout ratio (DPR) is currently 35.38%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on BKR shares. Argus boosted their target price on shares of Baker Hughes from $55.00 to $67.00 in a research note on Tuesday, January 27th. TD Cowen raised their price target on Baker Hughes from $55.00 to $64.00 and gave the stock a “buy” rating in a research note on Tuesday, January 27th. BMO Capital Markets lifted their price objective on Baker Hughes from $65.00 to $70.00 and gave the stock an “outperform” rating in a report on Tuesday, March 3rd. Jefferies Financial Group upped their price objective on Baker Hughes from $59.00 to $67.00 and gave the company a “buy” rating in a research report on Saturday, January 31st. Finally, Capital One Financial increased their target price on Baker Hughes from $60.00 to $66.00 and gave the company an “overweight” rating in a report on Friday, April 10th. Nineteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Baker Hughes has a consensus rating of “Moderate Buy” and a consensus price target of $61.86.

Insider Buying and Selling

In other news, CEO Lorenzo Simonelli sold 272,594 shares of the company’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $58.79, for a total value of $16,025,801.26. Following the completion of the sale, the chief executive officer directly owned 866,444 shares in the company, valued at $50,938,242.76. This represents a 23.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Maria Georgia Magno sold 5,063 shares of the firm’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $59.04, for a total value of $298,919.52. Following the completion of the transaction, the insider directly owned 15,555 shares in the company, valued at approximately $918,367.20. This represents a 24.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 590,251 shares of company stock valued at $35,311,023. Company insiders own 0.19% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BKR. State Street Corp boosted its stake in Baker Hughes by 1.6% in the 4th quarter. State Street Corp now owns 61,409,438 shares of the company’s stock worth $2,796,586,000 after purchasing an additional 937,614 shares during the period. Invesco Ltd. lifted its holdings in shares of Baker Hughes by 8.4% in the fourth quarter. Invesco Ltd. now owns 12,698,549 shares of the company’s stock worth $578,292,000 after buying an additional 982,179 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Baker Hughes by 58.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 11,635,780 shares of the company’s stock worth $529,896,000 after acquiring an additional 4,278,573 shares during the last quarter. Amundi boosted its position in shares of Baker Hughes by 2.9% during the third quarter. Amundi now owns 9,034,183 shares of the company’s stock worth $443,398,000 after acquiring an additional 257,482 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Baker Hughes by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,867,923 shares of the company’s stock valued at $358,305,000 after acquiring an additional 189,711 shares in the last quarter. Institutional investors own 92.06% of the company’s stock.

Key Headlines Impacting Baker Hughes

Here are the key news stories impacting Baker Hughes this week:

• Positive Sentiment: Q1 beat on revenue and EPS — Baker Hughes reported materially stronger-than-expected top-line and earnings, driven by industrial and energy-technology demand, which is the main driver of the intraday rally. Read More.
• Positive Sentiment: Dividend declared — the board announced a $0.23 quarterly cash dividend (payable May 15), supporting income-oriented ownership and signaling confidence in cash returns to shareholders. Read More.
• Neutral Sentiment: Revenue guidance roughly in line with consensus — management set Q2 revenue at $6.3B–$6.8B and FY?2026 revenue at $26.2B–$28.3B, which centers near analysts’ estimates and reduces forecast uncertainty, though EPS guidance was not specified in the published entries. Read More.
• Neutral Sentiment: Analyst positioning is constructive but mixed — recent buy/overweight notes and a median 6?month price target near the current level (~$65) lend support, suggesting limited near-term upside from upgrades alone. Read More.
• Negative Sentiment: Significant insider selling — multiple senior executives, including the CEO, executed large open?market sales in recent months; heavy insider exits can weigh on sentiment and raise questions for some investors. Read More.
• Negative Sentiment: Cash flow and liabilities mixed — while cash and cash equivalents rose substantially, cash from operations fell and total liabilities increased materially, introducing balance?sheet and cash?flow nuance that could temper enthusiasm. Read More.

Baker Hughes Company Profile

Baker Hughes is an energy technology company that provides a broad portfolio of products, services and digital solutions for the oil and gas and industrial markets. Its offerings span oilfield services and equipment — including drilling, evaluation, completion and production technologies — as well as turbomachinery, compressors and related process equipment used in midstream and downstream operations. The company also supplies aftermarket services, field support and integrated solutions designed to improve asset performance and uptime across the energy value chain.

The firm’s roots trace back to the merger of Baker International and Hughes Tool Company, and more recently it combined with GE’s oil and gas business in 2017 to form Baker Hughes, a GE company (BHGE); subsequent changes in ownership restored Baker Hughes as an independent publicly traded company.