FY2022 EPS Estimates for BHP Group (NYSE:BHP) Decreased by Jefferies Financial Group

BHP Group (NYSE:BHP) – Equities researchers at Jefferies Financial Group reduced their FY2022 earnings estimates for shares of BHP Group in a research report issued on Tuesday, October 19th. Jefferies Financial Group analyst C. Lafemina now forecasts that the mining company will earn $5.52 per share for the year, down from their prior estimate of $5.64. Jefferies Financial Group currently has a “Hold” rating and a $71.00 target price on the stock. Jefferies Financial Group also issued estimates for BHP Group’s FY2023 earnings at $4.62 EPS, FY2024 earnings at $4.44 EPS and FY2025 earnings at $4.50 EPS.

Other research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of BHP Group from a “buy” rating to a “hold” rating and set a $67.00 price target on the stock. in a research report on Monday, August 23rd. Berenberg Bank cut shares of BHP Group from a “buy” rating to a “hold” rating in a research report on Monday, September 20th. Royal Bank of Canada cut shares of BHP Group from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, September 29th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of BHP Group in a research report on Tuesday, June 29th. Finally, BMO Capital Markets raised shares of BHP Group from a “market perform” rating to an “outperform” rating in a research report on Wednesday, June 30th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $594.25.

Shares of BHP stock opened at $56.72 on Friday. The company’s 50-day moving average price is $61.03 and its 200-day moving average price is $69.89. The company has a current ratio of 1.63, a quick ratio of 1.36 and a debt-to-equity ratio of 0.33. The stock has a market cap of $83.54 billion, a price-to-earnings ratio of 8.42, a PEG ratio of 1.58 and a beta of 0.90. BHP Group has a twelve month low of $46.90 and a twelve month high of $82.07.

The firm also recently declared a semi-annual dividend, which was paid on Tuesday, September 21st. Shareholders of record on Friday, September 3rd were paid a dividend of $4.00 per share. The ex-dividend date of this dividend was Thursday, September 2nd. This is a positive change from BHP Group’s previous semi-annual dividend of $2.02. This represents a yield of 9.6%. BHP Group’s dividend payout ratio is 118.69%.

A number of large investors have recently modified their holdings of BHP. FMR LLC increased its stake in BHP Group by 28.7% during the first quarter. FMR LLC now owns 29,000 shares of the mining company’s stock worth $1,585,000 after purchasing an additional 6,471 shares during the period. Amundi Pioneer Asset Management Inc. increased its stake in BHP Group by 417.8% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 319,130 shares of the mining company’s stock worth $17,447,000 after purchasing an additional 257,502 shares during the period. Quilter Plc increased its stake in BHP Group by 6.7% during the first quarter. Quilter Plc now owns 4,050 shares of the mining company’s stock worth $281,000 after purchasing an additional 253 shares during the period. Prudential Financial Inc. purchased a new stake in BHP Group during the first quarter worth about $569,000. Finally, Geode Capital Management LLC increased its stake in BHP Group by 5.0% during the first quarter. Geode Capital Management LLC now owns 29,398 shares of the mining company’s stock worth $2,039,000 after purchasing an additional 1,397 shares during the period. Institutional investors own 5.62% of the company’s stock.

About BHP Group

BHP Group Ltd. engages in the exploration, development, production and processing of iron ore, metallurgical coal and copper. It operates through the following segments: Petroleum, Copper, Iron Ore and Coal. The Petroleum segment explores, develops and produces oil and gas. The Copper segment refers to the mining of copper, silver, lead, zinc, molybdenum, uranium and gold.

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Earnings History and Estimates for BHP Group (NYSE:BHP)

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