Seaport Global Securities Equities Analysts Reduce Earnings Estimates for Baker Hughes, a GE company Class A (BHGE)

Baker Hughes, a GE company Class A (NASDAQ:BHGE) – Equities researchers at Seaport Global Securities decreased their Q3 2018 earnings estimates for shares of Baker Hughes, a GE company Class A in a research report issued to clients and investors on Thursday. Seaport Global Securities analyst S. Randhawa now anticipates that the company will earn $0.28 per share for the quarter, down from their previous forecast of $0.36. Seaport Global Securities has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for Baker Hughes, a GE company Class A’s Q4 2018 earnings at $0.35 EPS, Q1 2019 earnings at $0.37 EPS, Q2 2019 earnings at $0.40 EPS and Q3 2019 earnings at $0.43 EPS.

Other equities analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Baker Hughes, a GE company Class A from a “hold” rating to a “sell” rating in a research note on Tuesday, September 5th. Cowen and Company reaffirmed a “buy” rating and set a $55.00 price target on shares of Baker Hughes, a GE company Class A in a research note on Tuesday, July 11th. Morgan Stanley reaffirmed an “overweight” rating and set a $60.00 price target on shares of Baker Hughes, a GE company Class A in a research note on Monday, July 17th. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating and set a $37.00 price target on shares of Baker Hughes, a GE company Class A in a research note on Tuesday, July 18th. Finally, HSBC Holdings plc assumed coverage on shares of Baker Hughes, a GE company Class A in a research note on Thursday, July 13th. They set a “buy” rating and a $48.00 price target for the company. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $43.36.

WARNING: “Seaport Global Securities Equities Analysts Reduce Earnings Estimates for Baker Hughes, a GE company Class A (BHGE)” was published by BBNS and is the property of of BBNS. If you are reading this piece on another site, it was stolen and republished in violation of United States & international trademark & copyright legislation. The correct version of this piece can be accessed at https://baseballnewssource.com/markets/seaport-global-securities-equities-analysts-reduce-earnings-estimates-for-baker-hughes-a-ge-company-class-a-bhge/1697462.html.

Baker Hughes, a GE company Class A (NASDAQ:BHGE) opened at 36.53 on Friday. Baker Hughes, a GE company Class A has a 12 month low of $32.43 and a 12 month high of $68.59. The company’s 50-day moving average is $35.41 and its 200-day moving average is $47.13. The stock’s market capitalization is $15.64 billion.

Baker Hughes, a GE company Class A (NASDAQ:BHGE) last announced its quarterly earnings data on Friday, July 28th. The company reported ($0.11) EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.27). The company had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter in the previous year, the firm earned ($0.90) earnings per share. The business’s quarterly revenue was down .2% compared to the same quarter last year.

In other news, Director John G. Rice bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was acquired at an average cost of $35.37 per share, with a total value of $176,850.00. Following the completion of the purchase, the director now owns 5,000 shares of the company’s stock, valued at $176,850. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Brian Worrell bought 2,801 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was purchased at an average cost of $35.24 per share, with a total value of $98,707.24. Following the completion of the purchase, the chief financial officer now directly owns 2,801 shares of the company’s stock, valued at approximately $98,707.24. The disclosure for this purchase can be found here. Insiders purchased 13,901 shares of company stock valued at $476,796 over the last three months.

Several large investors have recently added to or reduced their stakes in BHGE. Cacti Asset Management LLC bought a new position in shares of Baker Hughes, a GE company Class A in the third quarter valued at $12,142,000. South Dakota Investment Council bought a new position in Baker Hughes, a GE company Class A during the second quarter worth $4,610,000. Park National Corp OH bought a new position in Baker Hughes, a GE company Class A during the third quarter worth $1,601,000. New Mexico Educational Retirement Board bought a new position in Baker Hughes, a GE company Class A during the second quarter worth $1,461,000. Finally, Tudor Investment Corp ET AL bought a new position in Baker Hughes, a GE company Class A during the second quarter worth $959,000.

Earnings History and Estimates for Baker Hughes, a GE company Class A (NASDAQ:BHGE)

Receive News & Ratings for Baker Hughes a GE company Class A Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baker Hughes a GE company Class A and related companies with our FREE daily email newsletter.

 


Latest News

Houston’s Dallas Keuchel Could Make Relief Appearance in Game 7
Houston’s Dallas Keuchel Could Make Relief Appearance in Game 7
Houston Astros Relying on Justin Verlander to Save Their Season
Houston Astros Relying on Justin Verlander to Save Their Season
Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Aaron Judge and Gary Sanchez Have Break Out Games
Aaron Judge and Gary Sanchez Have Break Out Games
Justin Turner Joining Postseason Legends
Justin Turner Joining Postseason Legends
PED Use Cost Alex Rodriguez Millions and His Reputation
PED Use Cost Alex Rodriguez Millions and His Reputation


Leave a Reply

 
© 2006-2017 BBNS.