Baker Hughes Inc. Stock Buy Recommendation Reiterated (BHI)
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- BHI's revenue growth trails the industry average of 24.5%. Since the same quarter one year prior, revenues slightly increased by 3.2%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
- The current debt-to-equity ratio, 0.30, is low and is below the industry average, implying that there has been successful management of debt levels. Along with the favorable debt-to-equity ratio, the company maintains an adequate quick ratio of 1.33, which illustrates the ability to avoid short-term cash problems.
- Net operating cash flow has significantly increased by 188.77% to $823.00 million when compared to the same quarter last year. In addition, BAKER HUGHES INC has also vastly surpassed the industry average cash flow growth rate of 25.46%.
- BAKER HUGHES INC has exprienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. This company has reported somewhat volatile earnings recently. We feel it is likely to report a decline in earnings in the coming year. During the past fiscal year, BAKER HUGHES INC increased its bottom line by earning $3.92 versus $2.00 in the prior year. For the next year, the market is expecting a contraction of 14.0% in earnings ($3.37 versus $3.92).
--Written by a member of TheStreet Ratings Staff. FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free Download Now
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