Baker Hughes (NASDAQ:BKR – Get Free Report) announced its quarterly earnings data on Thursday. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.08, RTT News reports. Baker Hughes had a net margin of 7.37% and a return on equity of 12.49%. The firm had revenue of $7.10 billion for the quarter, compared to the consensus estimate of $6.81 billion. During the same period in the previous year, the firm posted $0.39 earnings per share. The firm’s revenue was up 12.4% on a year-over-year basis.
Baker Hughes Trading Up 5.8 %
Shares of BKR stock opened at $37.65 on Friday. The firm has a fifty day moving average of $33.64 and a 200-day moving average of $32.23. The stock has a market cap of $37.57 billion, a price-to-earnings ratio of 21.03, a P/E/G ratio of 0.61 and a beta of 1.41. Baker Hughes has a 52-week low of $28.32 and a 52-week high of $37.78. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 1.25.
Baker Hughes Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 16th. Stockholders of record on Tuesday, August 6th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend is Tuesday, August 6th. Baker Hughes’s dividend payout ratio is presently 46.93%.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Analysis on BKR
Insider Activity
In related news, EVP Maria C. Borras sold 55,980 shares of the stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $32.00, for a total value of $1,791,360.00. Following the completion of the transaction, the executive vice president now owns 92,035 shares of the company’s stock, valued at $2,945,120. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.25% of the stock is owned by company insiders.
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.
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