Equities analysts predict that General Electric (NYSE:GE) will announce earnings per share (EPS) of $0.11 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for General Electric’s earnings, with estimates ranging from $0.04 to $0.17. General Electric reported earnings of $0.16 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 31.3%. The firm is scheduled to issue its next quarterly earnings report on Friday, April 19th.
On average, analysts expect that General Electric will report full year earnings of $0.65 per share for the current financial year, with EPS estimates ranging from $0.27 to $0.78. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.63 per share, with EPS estimates ranging from $0.30 to $0.87. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for General Electric.
General Electric (NYSE:GE) last released its quarterly earnings results on Thursday, January 31st. The conglomerate reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.01). General Electric had a negative net margin of 18.38% and a positive return on equity of 9.85%. The firm had revenue of $33.28 billion during the quarter, compared to analyst estimates of $32.01 billion.
A number of equities analysts have recently issued reports on GE shares. Barclays reduced their target price on shares of General Electric from $13.00 to $12.00 and set an “overweight” rating on the stock in a research report on Monday, December 17th. UBS Group set a $13.00 target price on shares of General Electric and gave the stock a “buy” rating in a research report on Monday, December 10th. Vertical Research upgraded shares of General Electric from a “hold” rating to a “buy” rating in a research report on Wednesday, December 19th. Goldman Sachs Group set a $9.00 target price on shares of General Electric and gave the stock a “neutral” rating in a research report on Friday, November 16th. Finally, William Blair reiterated a “buy” rating on shares of General Electric in a research report on Saturday, February 2nd. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $12.44.
Shares of GE stock traded down $0.34 during trading hours on Friday, reaching $9.96. 189,155,288 shares of the company were exchanged, compared to its average volume of 113,313,523. General Electric has a fifty-two week low of $6.66 and a fifty-two week high of $15.59. The firm has a market capitalization of $84.74 billion, a price-to-earnings ratio of 15.32, a PEG ratio of 3.33 and a beta of 0.99. The company has a current ratio of 1.81, a quick ratio of 1.43 and a debt-to-equity ratio of 1.85.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Monday, March 11th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date of this dividend is Friday, March 8th. General Electric’s dividend payout ratio (DPR) is 6.15%.
In related news, insider Russell Stokes sold 49,904 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $9.93, for a total transaction of $495,546.72. Following the completion of the sale, the insider now directly owns 265,986 shares of the company’s stock, valued at $2,641,240.98. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.12% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Farmers & Merchants Trust Co of Chambersburg PA boosted its holdings in shares of General Electric by 250.0% in the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 3,500 shares of the conglomerate’s stock valued at $26,000 after buying an additional 2,500 shares during the period. Mackey Komara & Dankovich LLC acquired a new position in shares of General Electric in the fourth quarter valued at approximately $27,000. Arbor Wealth Management LLC acquired a new position in shares of General Electric in the fourth quarter valued at approximately $30,000. Edge Wealth Management LLC boosted its holdings in shares of General Electric by 47.4% in the fourth quarter. Edge Wealth Management LLC now owns 4,045 shares of the conglomerate’s stock valued at $31,000 after buying an additional 1,300 shares during the period. Finally, SevenBridge Financial Group LLC boosted its holdings in shares of General Electric by 100.4% in the fourth quarter. SevenBridge Financial Group LLC now owns 4,193 shares of the conglomerate’s stock valued at $32,000 after buying an additional 2,101 shares during the period. 56.98% of the stock is owned by institutional investors and hedge funds.
About General Electric
General Electric Company operates as a high-tech industrial company worldwide. It operates through Power, Renewable Energy, Aviation, Oil & Gas, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, generators, and high voltage equipment; and power generation services.
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