BHP Billiton PLC to Post FY2018 Earnings of $2.87 Per Share, Jefferies Group Forecasts (BBL)

BHP Billiton PLC (NYSE:BBL) – Equities research analysts at Jefferies Group boosted their FY2018 earnings estimates for shares of BHP Billiton PLC in a research report issued on Thursday. Jefferies Group analyst C. Lafemina now anticipates that the mining company will post earnings of $2.87 per share for the year, up from their previous forecast of $2.46. Jefferies Group currently has a “Hold” rating and a $38.00 target price on the stock.

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A number of other equities analysts have also weighed in on BBL. Zacks Investment Research upgraded shares of BHP Billiton PLC from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 8th. BidaskClub upgraded shares of BHP Billiton PLC from a “strong sell” rating to a “sell” rating in a research report on Friday, June 30th. Finally, ValuEngine lowered shares of BHP Billiton PLC from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. BHP Billiton PLC currently has an average rating of “Buy” and an average price target of $40.00.

Shares of BHP Billiton PLC (BBL) traded down 2.29% during mid-day trading on Monday, reaching $36.69. 1,038,752 shares of the company’s stock traded hands. BHP Billiton PLC has a 12-month low of $28.73 and a 12-month high of $39.12. The company has a market cap of $97.66 billion, a P/E ratio of 16.62 and a beta of 1.01. The firm has a 50-day moving average of $36.85 and a 200 day moving average of $33.39.

Several institutional investors have recently made changes to their positions in the company. Cambiar Investors LLC lifted its holdings in shares of BHP Billiton PLC by 8.1% in the second quarter. Cambiar Investors LLC now owns 5,201,209 shares of the mining company’s stock worth $159,989,000 after buying an additional 390,962 shares in the last quarter. Polaris Capital Management LLC lifted its holdings in shares of BHP Billiton PLC by 15.2% in the second quarter. Polaris Capital Management LLC now owns 4,138,188 shares of the mining company’s stock worth $127,291,000 after buying an additional 546,628 shares in the last quarter. Thompson Siegel & Walmsley LLC lifted its holdings in shares of BHP Billiton PLC by 4.1% in the second quarter. Thompson Siegel & Walmsley LLC now owns 1,650,702 shares of the mining company’s stock worth $50,776,000 after buying an additional 65,700 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of BHP Billiton PLC by 53.3% in the first quarter. Bank of America Corp DE now owns 1,603,372 shares of the mining company’s stock worth $49,944,000 after buying an additional 557,149 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of BHP Billiton PLC by 20.9% in the second quarter. Northern Trust Corp now owns 1,532,668 shares of the mining company’s stock worth $47,145,000 after buying an additional 265,186 shares in the last quarter. 4.10% of the stock is currently owned by hedge funds and other institutional investors.

The company also recently declared a None dividend, which was paid on Tuesday, September 26th. Stockholders of record on Friday, September 8th were issued a $0.86 dividend. This represents a dividend yield of 4.73%. This is an increase from BHP Billiton PLC’s previous None dividend of $0.28. The ex-dividend date was Thursday, September 7th.

About BHP Billiton PLC

BHP Billiton Plc is a global resources company. The Company is a producer of various commodities, including iron ore, metallurgical coal, copper and uranium. Its segments include Petroleum, Copper, Iron Ore and Coal. The Petroleum segment is engaged in the exploration, development and production of oil and gas.

Earnings History and Estimates for BHP Billiton PLC (NYSE:BBL)

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