Baker Hughes, a GE company Class A (NASDAQ:BHGE) – Analysts at FBR & Co issued their Q1 2018 EPS estimates for Baker Hughes, a GE company Class A in a research report issued on Monday. FBR & Co analyst T. Curran anticipates that the company will post earnings of $0.22 per share for the quarter. FBR & Co has a “Market Perform” rating and a $42.00 price objective on the stock. FBR & Co also issued estimates for Baker Hughes, a GE company Class A’s Q2 2018 earnings at $0.29 EPS, Q3 2018 earnings at $0.40 EPS and Q4 2018 earnings at $0.52 EPS.

Baker Hughes, a GE company Class A (NASDAQ:BHGE) last released its earnings results on Friday, July 28th. The company reported ($0.11) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.27). The business had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same quarter last year, the business earned ($0.90) earnings per share. The company’s quarterly revenue was down .2% on a year-over-year basis.

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A number of other research firms have also recently weighed in on BHGE. Goldman Sachs Group, Inc. (The) reissued a “sell” rating and issued a $37.00 price objective on shares of Baker Hughes, a GE company Class A in a research report on Tuesday, July 18th. J P Morgan Chase & Co lowered their price objective on Baker Hughes, a GE company Class A from $32.00 to $30.00 and set a “neutral” rating for the company in a research report on Thursday, September 21st. HSBC Holdings plc began coverage on Baker Hughes, a GE company Class A in a research report on Thursday, July 13th. They issued a “buy” rating and a $48.00 price objective for the company. Morgan Stanley reissued an “overweight” rating and issued a $60.00 price objective on shares of Baker Hughes, a GE company Class A in a research report on Monday, July 17th. Finally, Cowen and Company reissued a “buy” rating and issued a $55.00 price objective on shares of Baker Hughes, a GE company Class A in a research report on Tuesday, July 11th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. Baker Hughes, a GE company Class A presently has a consensus rating of “Hold” and a consensus price target of $41.69.

Baker Hughes, a GE company Class A (NASDAQ:BHGE) traded down 1.45% during midday trading on Wednesday, reaching $33.31. The company’s stock had a trading volume of 1,770,818 shares. 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 market cap is $14.26 billion. The firm has a 50 day moving average price of $35.70 and a 200-day moving average price of $45.59.

In other news, insider Lorenzo Simonelli purchased 6,100 shares of the stock in a transaction on Friday, August 18th. The stock was bought at an average price of $32.99 per share, with a total value of $201,239.00. Following the transaction, the insider now owns 9,139 shares in the company, valued at approximately $301,495.61. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John G. Rice purchased 5,000 shares of the stock in a transaction on Wednesday, August 2nd. The shares were purchased at an average cost of $35.37 per share, with a total value of $176,850.00. Following the transaction, the director now owns 5,000 shares in the company, valued at approximately $176,850. The disclosure for this purchase can be found here. Insiders bought a total of 13,901 shares of company stock valued at $476,796 in the last three months.

Institutional investors and hedge funds have recently modified their holdings of the business. South Dakota Investment Council acquired a new stake in Baker Hughes, a GE company Class A during the 2nd quarter worth about $4,610,000. Osborn Williams & Donohoe LLC acquired a new stake in Baker Hughes, a GE company Class A during the 3rd quarter worth about $514,000. Park National Corp OH acquired a new stake in Baker Hughes, a GE company Class A during the 3rd quarter worth about $1,601,000. Tudor Investment Corp ET AL acquired a new stake in Baker Hughes, a GE company Class A during the 2nd quarter worth about $959,000. Finally, Cacti Asset Management LLC acquired a new stake in Baker Hughes, a GE company Class A during the 3rd quarter worth about $12,142,000.

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

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