Baker Hughes (BHI) Declares $0.17 Quarterly Dividend; 1.2% Yield
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U.S. business spending likely gained momentum in first quarter
April 27, 2017 8:33 AM EDTBy Lucia Mutikani
WASHINGTON (Reuters) - New orders for U.S.-made capital goods rose less than expected in March, but a second straight monthly increase in shipments suggested business investment accelerated in the first quarter amid a recovering energy sector.
While other data on Thursday showed a bigger-than-expected increase in first-time applications for unemployment benefits last week, the trend in claims remained consistent with tightening labor market conditions.
The Commerce Department said non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, increased 0.2 percent last month after gaining 0.1 percent in February.... More
Baker Hughes (BHI) PT Lowered to $67 at Jefferies
April 26, 2017 8:39 AM EDTJefferies lowered its price target on Baker Hughes (NYSE: BHI) to $67.00 (from $72.00) while maintaining a Hold rating.
... MoreBaker Hughes (BHI) PT Lowered to $72 at Evercore ISI on Weak 1Q NAM, Merger Review
April 26, 2017 6:23 AM EDTEvercore ISI lowered its price target on Baker Hughes (NYSE: BHI) to $72.00 (from $76.00) while maintaining a Outperform rating, following review of merger with General Electric.
Analyst James West notes deal appears to be one of the most transformative in the oil... More
BMO Capital Downgrades Baker Hughes (BHI) to Market Perform
April 26, 2017 6:04 AM EDTBMO Capital downgraded Baker Hughes (NYSE: BHI) from Outperform to Market Perform with a price target of $65.00 (from $69.00).
For an analyst ratings summary and ratings history on Baker Hughes click here. For more ratings news on Baker Hughes click here.
Shares of Baker Hughes closed at $59.29 yesterday.
... MoreBaker Hughes (BHI) Tops Q1 EPS by 17c
April 25, 2017 6:33 AM EDTBaker Hughes (NYSE: BHI) reported Q1 EPS of ($0.04), $0.17 better than the analyst estimate of ($0.21). Revenue for the quarter came in at $2.3 billion versus the consensus estimate of $2.27 billion.
Revenue of $2.3 billion for the quarter, down 6% sequentially and 15% year-over-yearGAAP net loss per share of $0.30 for the quarter includes $0.26 per share of adjusting itemsAdjusted EBITDA (non-GAAP measure) was $309 million for the quarter, up 16% sequentiallyBaker Hughes delivered another sequential quarter of improved adjusted operating profit, despite industry headwinds in certain market segments, said Martin Craighead, Baker Hughes Chairman and Chief... More
