Halliburton (HAL) Expected to Announce Earnings on Wednesday

Halliburton (NYSE:HAL) is expected to issue its quarterly earnings data before the market opens on Wednesday, January 22nd. Analysts expect the company to announce earnings of $0.73 per share and revenue of $5,629,580.68 billion for the quarter.

Halliburton (NYSE:HAL) last released its quarterly earnings results on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.02). Halliburton had a return on equity of 28.33% and a net margin of 11.04%. The business had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.83 billion. During the same period in the previous year, the company posted $0.79 EPS. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. On average, analysts expect Halliburton to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Halliburton Stock Performance

Shares of NYSE HAL traded up $0.75 during midday trading on Wednesday, reaching $28.95. 9,667,831 shares of the company traded hands, compared to its average volume of 9,391,023. The company has a market cap of $25.43 billion, a price-to-earnings ratio of 10.09, a PEG ratio of 3.55 and a beta of 1.91. The stock has a 50-day moving average price of $28.96 and a 200 day moving average price of $30.20. Halliburton has a 52 week low of $25.51 and a 52 week high of $41.56. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.21 and a quick ratio of 1.62.

Halliburton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Wednesday, December 4th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $0.68 annualized dividend and a yield of 2.35%. Halliburton’s payout ratio is 23.69%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Barclays reiterated an “equal weight” rating and issued a $33.00 price objective (down from $43.00) on shares of Halliburton in a report on Wednesday, December 18th. Benchmark reaffirmed a “buy” rating and set a $40.00 price target on shares of Halliburton in a research note on Friday, November 8th. Bank of America lowered their price target on Halliburton from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Evercore ISI cut their price objective on Halliburton from $43.00 to $35.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Wells Fargo & Company lowered their target price on Halliburton from $39.00 to $34.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $38.26.

Halliburton Company Profile

Halliburton Company provides products and services to the energy industry worldwide. It operates through two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; and completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems.