Halliburton (HAL) Set to Announce Earnings on Monday

Halliburton (NYSE:HAL) is scheduled to issue its quarterly earnings data before the market opens on Monday, April 23rd. Analysts expect the company to announce earnings of $0.50 per share for the quarter.

Halliburton (NYSE:HAL) last issued its earnings results on Monday, January 22nd. The oilfield services company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.07. The company had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.63 billion. Halliburton had a negative net margin of 2.25% and a positive return on equity of 11.95%. Halliburton’s quarterly revenue was up 47.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.04 EPS. On average, analysts expect Halliburton to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of Halliburton stock opened at $50.78 on Monday. The firm has a market capitalization of $43,929.22, a P/E ratio of 41.62, a PEG ratio of 2.51 and a beta of 1.06. The company has a quick ratio of 1.72, a current ratio of 2.22 and a debt-to-equity ratio of 1.25. Halliburton has a fifty-two week low of $38.18 and a fifty-two week high of $57.86.

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 28th. Investors of record on Wednesday, March 7th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.42%. The ex-dividend date was Tuesday, March 6th. Halliburton’s dividend payout ratio is currently 59.02%.

In other news, Director Jeffrey Allen Miller sold 29,025 shares of the company’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $55.00, for a total transaction of $1,596,375.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Timothy Mckeon sold 4,583 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $54.95, for a total transaction of $251,835.85. The disclosure for this sale can be found here. Insiders have sold a total of 72,895 shares of company stock worth $4,008,996 over the last 90 days. Corporate insiders own 0.46% of the company’s stock.

HAL has been the subject of several recent analyst reports. Royal Bank of Canada set a $60.00 target price on shares of Halliburton and gave the stock a “buy” rating in a report on Thursday, December 21st. Jefferies Group set a $57.00 target price on shares of Halliburton and gave the stock a “buy” rating in a report on Thursday, January 4th. Zacks Investment Research raised shares of Halliburton from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a report on Tuesday, December 26th. Loop Capital reaffirmed a “buy” rating and issued a $69.00 target price (up previously from $57.00) on shares of Halliburton in a report on Tuesday, January 23rd. Finally, BMO Capital Markets set a $63.00 target price on shares of Halliburton and gave the stock a “buy” rating in a report on Tuesday, January 23rd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-one have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $58.70.

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About Halliburton

Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.

Earnings History for Halliburton (NYSE:HAL)

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