FY2025 EPS Estimates for Baker Hughes Increased by Analyst

Baker Hughes (NASDAQ:BKR) – Zacks Research increased their FY2025 earnings per share (EPS) estimates for Baker Hughes in a report released on Wednesday, February 26th. Zacks Research analyst R. Department now anticipates that the company will post earnings of $2.55 per share for the year, up from their previous forecast of $2.54. The consensus estimate for Baker Hughes’ current full-year earnings is $2.59 per share. Zacks Research also issued estimates for Baker Hughes’ FY2027 earnings at $3.07 EPS.

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

Several other brokerages have also recently issued reports on BKR. Susquehanna increased their target price on Baker Hughes from $53.00 to $55.00 and gave the company a “positive” rating in a research report on Monday, February 3rd. Royal Bank of Canada lifted their target price on Baker Hughes from $49.00 to $53.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. TD Cowen lowered their price target on shares of Baker Hughes from $53.00 to $51.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Barclays boosted their price objective on shares of Baker Hughes from $51.00 to $55.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 4th. Finally, Bank of America raised their target price on shares of Baker Hughes from $42.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Two analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, Baker Hughes currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.06.

Baker Hughes Stock Performance

Shares of BKR stock opened at $43.58 on Friday. The firm has a market cap of $43.15 billion, a price-to-earnings ratio of 14.62, a PEG ratio of 2.00 and a beta of 1.39. Baker Hughes has a 52-week low of $29.19 and a 52-week high of $49.40. The company has a quick ratio of 0.94, a current ratio of 1.32 and a debt-to-equity ratio of 0.35. The company’s 50 day moving average is $44.53 and its 200 day moving average is $40.42.

Institutional Investors Weigh In On Baker Hughes

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BKR. JFS Wealth Advisors LLC lifted its holdings in shares of Baker Hughes by 135.9% in the 4th quarter. JFS Wealth Advisors LLC now owns 670 shares of the company’s stock valued at $27,000 after buying an additional 386 shares during the period. Ashton Thomas Securities LLC acquired a new position in Baker Hughes in the third quarter valued at approximately $30,000. SBI Securities Co. Ltd. purchased a new stake in Baker Hughes in the 4th quarter worth approximately $30,000. Larson Financial Group LLC grew its stake in shares of Baker Hughes by 41.2% during the 4th quarter. Larson Financial Group LLC now owns 740 shares of the company’s stock worth $30,000 after purchasing an additional 216 shares during the period. Finally, True Wealth Design LLC grew its stake in shares of Baker Hughes by 2,181.6% during the 3rd quarter. True Wealth Design LLC now owns 867 shares of the company’s stock worth $31,000 after purchasing an additional 829 shares during the period. 92.06% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Baker Hughes

In related news, EVP Maria C. Borras sold 8,000 shares of the firm’s 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 transaction, the executive vice president now owns 173,302 shares of the company’s stock, valued at $7,758,730.54. This trade represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.25% of the stock is owned by insiders.

Baker Hughes Increases Dividend

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

About Baker Hughes

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.