Brokers Offer Predictions for BHP Group FY2027 Earnings

by · The Markets Daily

BHP Group Limited Sponsored ADR (NYSE:BHP – Free Report) – Investment analysts at Erste Group Bank decreased their FY2027 earnings estimates for BHP Group in a research note issued to investors on Friday, September 18th. Erste Group Bank analyst S. Lingnau now forecasts that the mining company will earn $5.02 per share for the year, down from their previous forecast of $5.10. The consensus estimate for BHP Group’s current full-year earnings is $5.04 per share. Erste Group Bank also issued estimates for BHP Group’s FY2028 earnings at $4.84 EPS.

Other analysts have also recently issued reports about the company. Bank of America decreased their target price on BHP Group from $93.00 to $91.00 and set a “neutral” rating for the company in a research report on Monday, June 22nd. Weiss Ratings raised BHP Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 18th. Wall Street Zen cut BHP Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd. Zacks Research downgraded BHP Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Finally, DZ Bank upgraded shares of BHP Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $78.00.

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BHP Group Stock Performance

BHP opened at $84.93 on Tuesday. The business’s 50-day simple moving average is $88.49 and its 200-day simple moving average is $83.28. The company has a current ratio of 1.88, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43. BHP Group has a one year low of $52.18 and a one year high of $98.71.

BHP Group Dividend Announcement

The firm also recently announced a dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Friday, September 4th were paid a dividend of $1.98 per share. The ex-dividend date was Friday, September 4th. This represents a dividend yield of 438.0%.

Hedge Funds Weigh In On BHP Group

Several institutional investors have recently added to or reduced their stakes in BHP. Main Street Research LLC purchased a new position in shares of BHP Group in the 1st quarter valued at approximately $37,767,000. Ferguson Wellman Capital Management Inc. purchased a new stake in shares of BHP Group during the first quarter worth approximately $18,591,000. Icon Advisers Inc. Co. raised its stake in shares of BHP Group by 47.5% during the first quarter. Icon Advisers Inc. Co. now owns 59,000 shares of the mining company’s stock worth $4,292,000 after purchasing an additional 19,000 shares during the last quarter. Himension Capital Singapore PTE. LTD. acquired a new stake in shares of BHP Group during the first quarter worth $1,705,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of BHP Group by 36.3% during the first quarter. The Manufacturers Life Insurance Company now owns 113,707 shares of the mining company’s stock worth $8,271,000 after purchasing an additional 30,294 shares during the period. Institutional investors and hedge funds own 3.79% of the company’s stock.

BHP Group Company Profile

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BHP Group Limited is a global resources company headquartered in Melbourne, Australia. The company explores, develops and produces commodities that support industrial activity, infrastructure and the energy transition, with operations and projects spanning Australia, Chile, Brazil and other regions.

BHP’s principal products include iron ore, copper and metallurgical coal. Its iron ore business operates primarily in Western Australia, while its copper portfolio includes major mining operations in Chile and the Olympic Dam complex in South Australia.

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