Halliburton (HAL) Expected to Announce Quarterly Sales of $5.58 Billion

Equities research analysts predict that Halliburton (NYSE:HAL) will post $5.58 billion in sales for the current quarter, according to Zacks. Ten analysts have made estimates for Halliburton’s earnings, with estimates ranging from $5.46 billion to $6.09 billion. Halliburton posted sales of $5.74 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 2.8%. The business is expected to issue its next earnings results before the market opens on Monday, April 22nd.

According to Zacks, analysts expect that Halliburton will report full-year sales of $24.01 billion for the current financial year, with estimates ranging from $21.71 billion to $27.61 billion. For the next fiscal year, analysts expect that the business will post sales of $26.70 billion, with estimates ranging from $23.32 billion to $30.60 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Halliburton.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Tuesday, January 22nd. The oilfield services company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.04. The firm had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.87 billion. Halliburton had a net margin of 6.90% and a return on equity of 18.57%. The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the prior year, the company posted $0.53 earnings per share.

HAL has been the topic of several recent analyst reports. Cowen raised shares of Halliburton from a “market perform” rating to an “outperform” rating and cut their price target for the company from $45.00 to $35.00 in a report on Thursday, January 17th. UBS Group set a $42.00 price target on shares of Halliburton and gave the company a “buy” rating in a report on Thursday, December 20th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Halliburton in a report on Sunday, January 6th. Goldman Sachs Group initiated coverage on shares of Halliburton in a report on Sunday, March 10th. They issued a “buy” rating and a $42.00 price target on the stock. Finally, Barclays set a $38.00 price target on shares of Halliburton and gave the company a “buy” rating in a report on Wednesday, January 23rd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and twenty-three have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $45.50.

HAL opened at $29.30 on Friday. The firm has a market capitalization of $25.83 billion, a P/E ratio of 15.42, a P/E/G ratio of 1.76 and a beta of 1.18. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.69 and a current ratio of 2.32. Halliburton has a 12-month low of $24.70 and a 12-month high of $54.91.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.46%. Halliburton’s dividend payout ratio (DPR) is 37.89%.

In other news, VP Anne L. Beaty sold 1,300 shares of the company’s stock in a transaction dated Monday, January 7th. The shares were sold at an average price of $28.50, for a total transaction of $37,050.00. Following the completion of the transaction, the vice president now owns 58,848 shares in the company, valued at $1,677,168. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Lance Loeffler sold 5,926 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $28.35, for a total transaction of $168,002.10. Following the transaction, the chief financial officer now owns 55,885 shares of the company’s stock, valued at approximately $1,584,339.75. The disclosure for this sale can be found here. Insiders have sold 9,774 shares of company stock valued at $280,167 in the last 90 days. Insiders own 0.54% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Rehmann Capital Advisory Group grew its position in shares of Halliburton by 4.7% during the fourth quarter. Rehmann Capital Advisory Group now owns 7,980 shares of the oilfield services company’s stock worth $212,000 after acquiring an additional 361 shares during the last quarter. One Capital Management LLC grew its position in Halliburton by 0.7% in the 4th quarter. One Capital Management LLC now owns 53,646 shares of the oilfield services company’s stock valued at $1,426,000 after buying an additional 369 shares in the last quarter. Tlwm grew its position in Halliburton by 3.8% in the 4th quarter. Tlwm now owns 10,166 shares of the oilfield services company’s stock valued at $307,000 after buying an additional 369 shares in the last quarter. Welch & Forbes LLC grew its position in Halliburton by 4.5% in the 4th quarter. Welch & Forbes LLC now owns 9,000 shares of the oilfield services company’s stock valued at $239,000 after buying an additional 390 shares in the last quarter. Finally, Pin Oak Investment Advisors Inc. grew its position in Halliburton by 1.5% in the 4th quarter. Pin Oak Investment Advisors Inc. now owns 27,485 shares of the oilfield services company’s stock valued at $731,000 after buying an additional 409 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

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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