Halliburton (HAL) Expected to Announce Earnings of $0.37 Per Share

Equities analysts expect that Halliburton (NYSE:HAL) will announce earnings per share of $0.37 for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have issued estimates for Halliburton’s earnings, with the highest EPS estimate coming in at $0.39 and the lowest estimate coming in at $0.36. Halliburton posted earnings per share of $0.53 in the same quarter last year, which suggests a negative year-over-year growth rate of 30.2%. The company is scheduled to issue its next quarterly earnings report before the market opens on Tuesday, January 22nd.

On average, analysts expect that Halliburton will report full year earnings of $1.86 per share for the current year, with EPS estimates ranging from $1.84 to $1.90. For the next year, analysts anticipate that the business will post earnings of $2.13 per share, with EPS estimates ranging from $1.70 to $2.74. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Halliburton.

Halliburton (NYSE:HAL) last announced its quarterly earnings results on Monday, October 22nd. The oilfield services company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.01. Halliburton had a return on equity of 20.42% and a net margin of 0.70%. The company had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.10 billion. During the same period in the prior year, the company earned $0.42 earnings per share. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year.

Several equities research analysts have issued reports on the company. Stifel Nicolaus assumed coverage on Halliburton in a report on Monday, September 10th. They issued a “buy” rating and a $45.00 price target for the company. Guggenheim set a $50.00 price objective on Halliburton and gave the stock a “buy” rating in a report on Wednesday, October 24th. Bank of America assumed coverage on Halliburton in a report on Wednesday, October 17th. They set a “buy” rating for the company. Stephens assumed coverage on Halliburton in a report on Friday, October 12th. They set an “overweight” rating for the company. Finally, Societe Generale set a $42.00 price objective on Halliburton and gave the stock a “hold” rating in a report on Monday, October 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $51.24.

In related news, VP Anne L. Beaty sold 7,200 shares of the stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $32.33, for a total transaction of $232,776.00. Following the completion of the transaction, the vice president now directly owns 62,196 shares of the company’s stock, valued at $2,010,796.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James S. Brown sold 15,989 shares of the stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of $40.53, for a total value of $648,034.17. The disclosure for this sale can be found here. Insiders have sold 24,399 shares of company stock valued at $924,648 over the last three months. Insiders own 0.54% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Ardsley Advisory Partners acquired a new stake in shares of Halliburton in the second quarter valued at approximately $4,957,000. Canada Pension Plan Investment Board lifted its position in shares of Halliburton by 10.1% in the second quarter. Canada Pension Plan Investment Board now owns 617,412 shares of the oilfield services company’s stock valued at $27,821,000 after buying an additional 56,586 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Halliburton by 1,183.2% in the second quarter. Tower Research Capital LLC TRC now owns 15,231 shares of the oilfield services company’s stock valued at $686,000 after buying an additional 14,044 shares during the last quarter. State of Alaska Department of Revenue lifted its position in shares of Halliburton by 4.0% in the third quarter. State of Alaska Department of Revenue now owns 145,421 shares of the oilfield services company’s stock valued at $5,893,000 after buying an additional 5,542 shares during the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH lifted its position in shares of Halliburton by 8.3% in the third quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 32,917 shares of the oilfield services company’s stock valued at $1,329,000 after buying an additional 2,513 shares during the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

Shares of Halliburton stock traded down $0.11 during trading hours on Monday, hitting $29.68. The company’s stock had a trading volume of 14,264,689 shares, compared to its average volume of 10,989,375. Halliburton has a 12 month low of $29.24 and a 12 month high of $57.86. The company has a market capitalization of $26.10 billion, a P/E ratio of 24.33, a price-to-earnings-growth ratio of 0.87 and a beta of 1.06. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.31 and a quick ratio of 1.73.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 27th. Investors of record on Thursday, December 6th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, December 5th. This represents a $0.72 annualized dividend and a yield of 2.43%. Halliburton’s dividend payout ratio (DPR) is presently 59.02%.

About Halliburton

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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