Brokerages expect that Halliburton Company (NYSE:HAL) will post sales of $5.84 billion for the current quarter, Zacks reports. Nine analysts have provided estimates for Halliburton’s earnings, with estimates ranging from $5.45 billion to $6.03 billion. Halliburton posted sales of $4.28 billion during the same quarter last year, which suggests a positive year over year growth rate of 36.4%. The firm is scheduled to announce its next quarterly earnings results on Monday, April 23rd.
According to Zacks, analysts expect that Halliburton will report full year sales of $5.84 billion for the current financial year, with estimates ranging from $22.94 billion to $26.00 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $27.47 billion per share, with estimates ranging from $25.18 billion to $29.70 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Halliburton.
Halliburton (NYSE:HAL) last posted its earnings results on Monday, January 22nd. The oilfield services company reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.07. Halliburton had a positive return on equity of 11.95% and a negative net margin of 2.25%. The business had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.63 billion. During the same period in the previous year, the business earned $0.04 earnings per share. The firm’s revenue was up 47.7% on a year-over-year basis.
In other news, EVP Robb L. Voyles sold 39,287 shares of the business’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $55.00, for a total value of $2,160,785.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeffrey Allen Miller sold 29,025 shares of the business’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $55.00, for a total value of $1,596,375.00. The disclosure for this sale can be found here. In the last three months, insiders sold 164,507 shares of company stock valued at $8,380,429. 0.46% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in HAL. Cerebellum GP LLC bought a new stake in shares of Halliburton in the 4th quarter valued at about $131,000. YorkBridge Wealth Partners LLC lifted its stake in shares of Halliburton by 243.3% in the 3rd quarter. YorkBridge Wealth Partners LLC now owns 3,165 shares of the oilfield services company’s stock valued at $146,000 after acquiring an additional 2,243 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Halliburton in the 3rd quarter valued at about $184,000. Nicolet Bankshares Inc. bought a new stake in shares of Halliburton in the 4th quarter valued at about $193,000. Finally, Krilogy Financial LLC lifted its stake in shares of Halliburton by 35.9% in the 2nd quarter. Krilogy Financial LLC now owns 4,588 shares of the oilfield services company’s stock valued at $196,000 after acquiring an additional 1,212 shares during the last quarter. 79.98% of the stock is owned by institutional investors.
Halliburton (HAL) opened at $52.19 on Friday. Halliburton has a 52-week low of $38.18 and a 52-week high of $57.86. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.72 and a current ratio of 2.22. The company has a market capitalization of $47,562.21, a PE ratio of -98.47, a P/E/G ratio of 2.60 and a beta of 0.97.
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Halliburton Company Profile
Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.
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