Halliburton (HAL) Expected to Post Earnings of $0.53 Per Share

Equities research analysts predict that Halliburton (NYSE:HAL) will report earnings of $0.54 per share for the current quarter, Zacks Investment Research reports. Ten analysts have issued estimates for Halliburton’s earnings, with the highest EPS estimate coming in at $0.61 and the lowest estimate coming in at $0.48. Halliburton posted earnings per share of $0.42 during the same quarter last year, which suggests a positive year-over-year growth rate of 28.6%. The company is scheduled to announce its next quarterly earnings results before the market opens on Monday, October 22nd.

According to Zacks, analysts expect that Halliburton will report full year earnings of $2.07 per share for the current year, with EPS estimates ranging from $1.94 to $2.20. For the next financial year, analysts anticipate that the business will post earnings of $2.67 per share, with EPS estimates ranging from $2.03 to $3.30. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Halliburton.

Halliburton (NYSE:HAL) last released its earnings results on Monday, July 23rd. The oilfield services company reported $0.58 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.01). The company had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $6.12 billion. Halliburton had a net margin of 0.42% and a return on equity of 19.48%. The company’s revenue for the quarter was up 24.0% on a year-over-year basis. During the same quarter last year, the business posted $0.23 earnings per share.

A number of analysts have issued reports on HAL shares. Wells Fargo & Co lifted their price target on Halliburton from $58.00 to $65.00 and gave the stock an “outperform” rating in a report on Thursday, May 24th. Credit Suisse Group set a $51.00 price target on Halliburton and gave the stock a “buy” rating in a report on Thursday, September 6th. Jefferies Financial Group set a $52.00 price target on Halliburton and gave the stock a “buy” rating in a report on Tuesday, July 24th. Seaport Global Securities reaffirmed a “buy” rating and set a $55.00 price target on shares of Halliburton in a report on Monday, July 23rd. Finally, SunTrust Banks decreased their price target on Halliburton to $58.00 and set a “buy” rating for the company in a report on Tuesday, July 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $55.13.

Shares of NYSE HAL opened at $38.63 on Wednesday. The stock has a market cap of $33.56 billion, a price-to-earnings ratio of 19.66, a price-to-earnings-growth ratio of 2.29 and a beta of 1.01. The company has a quick ratio of 1.72, a current ratio of 2.24 and a debt-to-equity ratio of 1.18. Halliburton has a 1 year low of $35.75 and a 1 year high of $57.86.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 26th. Stockholders of record on Wednesday, September 5th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend is Tuesday, September 4th. Halliburton’s payout ratio is currently 59.02%.

In other news, Director Murry Gerber bought 5,800 shares of Halliburton stock in a transaction dated Thursday, July 26th. The stock was acquired at an average cost of $40.66 per share, with a total value of $235,828.00. Following the acquisition, the director now owns 60,961 shares of the company’s stock, valued at $2,478,674.26. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 0.54% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the company. Avestar Capital LLC lifted its holdings in shares of Halliburton by 1,159.6% in the 2nd quarter. Avestar Capital LLC now owns 2,368 shares of the oilfield services company’s stock valued at $105,000 after purchasing an additional 2,180 shares during the last quarter. Sun Life Financial INC increased its position in Halliburton by 1,170.1% in the 2nd quarter. Sun Life Financial INC now owns 2,375 shares of the oilfield services company’s stock valued at $107,000 after acquiring an additional 2,188 shares during the period. McKinley Carter Wealth Services Inc. acquired a new position in Halliburton in the 1st quarter valued at about $129,000. Squar Milner Financial Services LLC acquired a new position in Halliburton in the 2nd quarter valued at about $130,000. Finally, CNB Bank increased its position in Halliburton by 110.5% in the 1st quarter. CNB Bank now owns 2,991 shares of the oilfield services company’s stock valued at $140,000 after acquiring an additional 1,570 shares during the period. 78.84% of the stock is owned by institutional investors and hedge funds.

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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Earnings History and Estimates for Halliburton (NYSE:HAL)

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