Research Analysts Offer Predictions for Baker Hughes, a GE company Class A’s Q4 2017 Earnings (BHGE)

Baker Hughes, a GE company Class A (NYSE:BHGE) – Investment analysts at Jefferies Group decreased their Q4 2017 earnings per share (EPS) estimates for shares of Baker Hughes, a GE company Class A in a report issued on Thursday. Jefferies Group analyst B. Handler now expects that the company will earn $0.17 per share for the quarter, down from their prior forecast of $0.18. Jefferies Group currently has a “Hold” rating and a $35.00 target price on the stock. Jefferies Group also issued estimates for Baker Hughes, a GE company Class A’s Q1 2018 earnings at $0.16 EPS, Q2 2018 earnings at $0.21 EPS, Q3 2018 earnings at $0.31 EPS, Q4 2018 earnings at $0.43 EPS, FY2018 earnings at $1.10 EPS and FY2019 earnings at $2.05 EPS.

Baker Hughes, a GE company Class A (NYSE:BHGE) last announced its quarterly earnings data on Friday, October 20th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.07). Baker Hughes, a GE company Class A had a negative return on equity of 0.84% and a negative net margin of 6.66%. The firm had revenue of $5.38 billion during the quarter, compared to the consensus estimate of $5.52 billion. Baker Hughes, a GE company Class A’s quarterly revenue was up 77.7% compared to the same quarter last year.

Other analysts also recently issued research reports about the stock. UBS Group downgraded shares of Baker Hughes, a GE company Class A from a “positive” rating to a “neutral” rating in a research note on Monday, October 2nd. Citigroup decreased their price target on shares of Baker Hughes, a GE company Class A from $44.00 to $41.00 and set a “buy” rating for the company in a research note on Wednesday, October 25th. Barclays set a $43.00 price target on shares of Baker Hughes, a GE company Class A and gave the company an “overweight” rating in a research note on Friday, September 29th. B. Riley reaffirmed a “neutral” rating on shares of Baker Hughes, a GE company Class A in a research note on Friday, November 3rd. Finally, Cowen reaffirmed an “outperform” rating and set a $50.00 price target on shares of Baker Hughes, a GE company Class A in a research note on Wednesday, September 13th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. Baker Hughes, a GE company Class A currently has an average rating of “Hold” and a consensus target price of $40.32.

Shares of Baker Hughes, a GE company Class A (NYSE:BHGE) opened at $34.44 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.29 and a current ratio of 1.90. Baker Hughes, a GE company Class A has a 12 month low of $29.62 and a 12 month high of $40.82. The firm has a market cap of $14,830.00 and a P/E ratio of -5.26.

In other Baker Hughes, a GE company Class A news, insider Matthias L. Heilmann acquired 1,500 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The shares were bought at an average cost of $30.04 per share, with a total value of $45,060.00. Following the completion of the acquisition, the insider now directly owns 3,500 shares in the company, valued at approximately $105,140. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.66% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BHGE. South Dakota Investment Council purchased a new position in Baker Hughes, a GE company Class A in the second quarter worth $4,610,000. Tudor Investment Corp ET AL purchased a new position in Baker Hughes, a GE company Class A in the second quarter worth $959,000. FTB Advisors Inc. purchased a new position in Baker Hughes, a GE company Class A in the second quarter worth $442,000. Fairpointe Capital LLC purchased a new position in Baker Hughes, a GE company Class A in the second quarter worth $229,000. Finally, M&R Capital Management Inc. purchased a new position in Baker Hughes, a GE company Class A in the second quarter worth $141,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

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About Baker Hughes, a GE company Class A

Baker Hughes, a GE company provides integrated oilfield products, services, and digital solutions worldwide. The company offers upstream services, including evaluation, drilling, production, and completion; midstream services comprising equipment and services for LNG, and pipeline and storage; and chemical, mechanical, digital, and service solutions for refinery and petrochemical operations.

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