Analysts expect Halliburton (NYSE:HAL) to announce sales of $6.10 billion for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have provided estimates for Halliburton’s earnings. The highest sales estimate is $6.28 billion and the lowest is $5.98 billion. Halliburton posted sales of $4.96 billion during the same quarter last year, which would indicate a positive year over year growth rate of 23%. The firm is scheduled to issue its next earnings results on Monday, July 23rd.
On average, analysts expect that Halliburton will report full year sales of $24.86 billion for the current financial year, with estimates ranging from $24.17 billion to $25.73 billion. For the next year, analysts expect that the company will report sales of $27.85 billion per share, with estimates ranging from $25.74 billion to $30.16 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Halliburton.
Halliburton (NYSE:HAL) last issued its quarterly earnings results on Monday, April 23rd. The oilfield services company reported $0.41 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.41. The business had revenue of $5.74 billion during the quarter, compared to analyst estimates of $5.74 billion. Halliburton had a negative net margin of 1.74% and a positive return on equity of 15.87%. The business’s revenue was up 34.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.04 earnings per share.
A number of brokerages recently issued reports on HAL. Barclays set a $66.00 price target on shares of Halliburton and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. Jefferies Group set a $65.00 price target on shares of Halliburton and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. Cowen restated a “hold” rating and issued a $60.00 price target on shares of Halliburton in a research note on Tuesday, January 23rd. B. Riley lifted their price target on shares of Halliburton from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Finally, Credit Suisse Group restated an “outperform” rating and issued a $65.00 price target (up previously from $55.00) on shares of Halliburton in a research note on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-two have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $58.71.
Shares of NYSE:HAL traded down $0.05 during midday trading on Wednesday, reaching $54.32. The company had a trading volume of 6,602,661 shares, compared to its average volume of 7,331,180. The company has a current ratio of 2.22, a quick ratio of 1.73 and a debt-to-equity ratio of 1.24. The firm has a market cap of $47.63 billion, a PE ratio of 44.52, a price-to-earnings-growth ratio of 2.74 and a beta of 1.03. Halliburton has a one year low of $38.18 and a one year high of $57.86.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 27th. Stockholders of record on Wednesday, June 6th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.33%. Halliburton’s dividend payout ratio (DPR) is 59.02%.
Several institutional investors and hedge funds have recently made changes to their positions in HAL. Skylands Capital LLC boosted its holdings in shares of Halliburton by 4.2% during the fourth quarter. Skylands Capital LLC now owns 90,950 shares of the oilfield services company’s stock valued at $4,445,000 after acquiring an additional 3,675 shares during the period. Banced Corp acquired a new position in shares of Halliburton during the fourth quarter valued at $211,000. CWM LLC boosted its holdings in shares of Halliburton by 2,176.7% during the fourth quarter. CWM LLC now owns 679,204 shares of the oilfield services company’s stock valued at $33,193,000 after acquiring an additional 649,371 shares during the period. Graybill Bartz & Assoc Ltd. acquired a new position in shares of Halliburton during the fourth quarter valued at $3,214,000. Finally, E&G Advisors LP boosted its holdings in shares of Halliburton by 140.2% during the fourth quarter. E&G Advisors LP now owns 11,135 shares of the oilfield services company’s stock valued at $544,000 after acquiring an additional 6,500 shares during the period. 80.06% of the stock is owned by institutional investors.
Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.
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