Analysts forecast that Baker Hughes A GE Co (NYSE:BHGE) will report sales of $5.82 billion for the current fiscal quarter, Zacks reports. Eight analysts have made estimates for Baker Hughes A GE’s earnings. The lowest sales estimate is $5.76 billion and the highest is $5.99 billion. Baker Hughes A GE reported sales of $5.55 billion in the same quarter last year, which indicates a positive year over year growth rate of 4.9%. The company is expected to issue its next quarterly earnings report before the market opens on Wednesday, July 31st.

According to Zacks, analysts expect that Baker Hughes A GE will report full-year sales of $24.27 billion for the current fiscal year, with estimates ranging from $24.04 billion to $24.51 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $26.70 billion, with estimates ranging from $26.22 billion to $27.26 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Baker Hughes A GE.

Baker Hughes A GE (NYSE:BHGE) last posted its earnings results on Tuesday, April 30th. The company reported $0.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.01. The business had revenue of $5.62 billion for the quarter, compared to analysts’ expectations of $5.63 billion. Baker Hughes A GE had a net margin of 0.68% and a return on equity of 0.88%. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.09 earnings per share.

A number of research firms recently weighed in on BHGE. Zacks Investment Research cut shares of Glu Mobile from a “buy” rating to a “hold” rating in a research note on Tuesday, April 9th. Wells Fargo & Co reduced their price target on shares of WellCare Health Plans from $346.00 to $330.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. Jefferies Financial Group set a $32.00 price target on shares of Baker Hughes A GE and gave the company a “buy” rating in a research report on Thursday, June 6th. TheStreet lowered shares of Misonix from a “c-” rating to a “d” rating in a research report on Thursday, June 20th. Finally, ValuEngine upgraded shares of ZTE CORP/ADR from a “hold” rating to a “buy” rating in a research report on Monday, April 15th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $35.16.

Hedge funds have recently made changes to their positions in the company. Centaurus Financial Inc. acquired a new position in shares of Baker Hughes A GE during the first quarter worth approximately $33,000. Bremer Bank National Association acquired a new position in shares of Baker Hughes A GE during the first quarter worth approximately $38,000. Perkins Coie Trust Co lifted its position in shares of Baker Hughes A GE by 38.3% during the second quarter. Perkins Coie Trust Co now owns 1,637 shares of the company’s stock worth $40,000 after purchasing an additional 453 shares in the last quarter. Advisory Services Network LLC lifted its position in shares of Baker Hughes A GE by 130.1% during the fourth quarter. Advisory Services Network LLC now owns 2,103 shares of the company’s stock worth $45,000 after purchasing an additional 1,189 shares in the last quarter. Finally, Lindbrook Capital LLC lifted its position in shares of Baker Hughes A GE by 91.6% during the first quarter. Lindbrook Capital LLC now owns 1,726 shares of the company’s stock worth $47,000 after purchasing an additional 825 shares in the last quarter. Institutional investors own 96.03% of the company’s stock.

NYSE BHGE traded up $0.22 on Monday, reaching $24.84. The company’s stock had a trading volume of 3,898,266 shares, compared to its average volume of 4,372,991. The stock has a market capitalization of $25.53 billion, a price-to-earnings ratio of 37.64, a PEG ratio of 3.13 and a beta of 0.92. The company’s 50-day moving average price is $24.14. Baker Hughes A GE has a 52 week low of $20.09 and a 52 week high of $35.55. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.11 and a current ratio of 1.65.

Baker Hughes A GE Company Profile

Baker Hughes, a GE company provides integrated oilfield products, services, and digital solutions worldwide. Its Oilfield Services segment offers drilling, wireline, evaluation, completion, production, and intervention services; and drilling and completions fluids, completions tools and systems, wellbore intervention tools and services, artificial lift systems, pressure pumping systems, and oilfield and industrial chemicals for integrated oil and natural gas, and oilfield service companies.

Further Reading: Dividend Achievers

Get a free copy of the Zacks research report on Baker Hughes A GE (BHGE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Baker Hughes A GE (NYSE:BHGE)

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