Published On: Thu, Sep 22nd, 2016

BHP Billiton PLC (BBL) Expected to Earn FY2017 Earnings of $1.12 Per Share

BHP Billiton PLC (NYSE:BBL) – Investment analysts at Jefferies Group upped their FY2017 earnings per share estimates for shares of BHP Billiton PLC in a research note issued on Tuesday. Jefferies Group analyst C. Lafemina now anticipates that the brokerage will post earnings per share of $1.12 for the year, up from their previous estimate of $0.91. Jefferies Group has a “Buy” rating and a $33.00 price objective on the stock. Jefferies Group also issued estimates for BHP Billiton PLC’s FY2018 earnings at $1.48 EPS.
Several other equities analysts also recently issued reports on BBL. Citigroup Inc. reissued a “neutral” rating on shares of BHP Billiton PLC in a research note on Friday, May 27th. Credit Suisse Group AG reissued an “outperform” rating on shares of BHP Billiton PLC in a research note on Friday, May 27th. Deutsche Bank AG reaffirmed a “hold” rating on shares of BHP Billiton PLC in a research note on Monday, July 11th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of BHP Billiton PLC in a research note on Tuesday, June 21st. Finally, Zacks Investment Research raised shares of BHP Billiton PLC from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research note on Tuesday, June 21st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. BHP Billiton PLC has a consensus rating of “Hold” and a consensus target price of $30.50.
Shares of BHP Billiton PLC (NYSE:BBL) traded up 1.49% during trading on Thursday, hitting $28.58. 1,981,594 shares of the company were exchanged. The stock’s market cap is $76.05 billion. The company’s 50-day moving average price is $27.09 and its 200 day moving average price is $25.21. BHP Billiton PLC has a 12 month low of $16.36 and a 12 month high of $36.66.

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The firm also recently announced a dividend, which was paid on Tuesday, September 20th. Stockholders of record on Friday, September 2nd were paid a $0.28 dividend. The ex-dividend date of this dividend was Wednesday, August 31st.
Several institutional investors have recently modified their holdings of BBL. Portland Investment Counsel Inc. increased its position in shares of BHP Billiton PLC by 0.4% in the second quarter. Portland Investment Counsel Inc. now owns 12,138 shares of the mining company’s stock worth $308,000 after buying an additional 50 shares in the last quarter. Rhumbline Advisers raised its stake in BHP Billiton PLC by 2.5% in the second quarter. Rhumbline Advisers now owns 12,219 shares of the mining company’s stock worth $310,000 after buying an additional 300 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in BHP Billiton PLC by 15.1% in the first quarter. Envestnet Asset Management Inc. now owns 9,963 shares of the mining company’s stock worth $226,000 after buying an additional 1,309 shares during the last quarter. JPMorgan Chase & Co. raised its stake in BHP Billiton PLC by 16.3% in the second quarter. JPMorgan Chase & Co. now owns 15,587 shares of the mining company’s stock worth $396,000 after buying an additional 2,188 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in BHP Billiton PLC by 0.4% in the second quarter. Royal Bank of Canada now owns 527,427 shares of the mining company’s stock worth $13,385,000 after buying an additional 2,243 shares during the last quarter. 3.52% of the stock is currently owned by institutional investors and hedge funds.
About BHP Billiton PLC
BHP Billiton Plc is engaged in exploration, development, production, processing and marketing of minerals, in respect of iron ore, metallurgical and energy coal, copper, aluminum, manganese, uranium, nickel, silver and potash, and exploration, development, production and marketing of conventional and unconventional oil and gas.

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