Equities research analysts expect that Goldman Sachs Group Inc (NYSE:GS) will announce earnings per share of $5.41 for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Goldman Sachs Group’s earnings, with the highest EPS estimate coming in at $5.83 and the lowest estimate coming in at $5.16. Goldman Sachs Group reported earnings per share of $5.15 during the same quarter last year, which indicates a positive year-over-year growth rate of 5%. The firm is expected to report its next earnings report on Tuesday, April 17th.
On average, analysts expect that Goldman Sachs Group will report full year earnings of $21.56 per share for the current fiscal year, with EPS estimates ranging from $20.35 to $22.48. For the next financial year, analysts forecast that the firm will post earnings of $24.38 per share, with EPS estimates ranging from $22.57 to $25.82. Zacks’ EPS averages are an average based on a survey of analysts that cover Goldman Sachs Group.
Goldman Sachs Group (NYSE:GS) last issued its earnings results on Wednesday, January 17th. The investment management company reported $5.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.90 by $0.78. The business had revenue of $7.83 billion for the quarter, compared to analysts’ expectations of $7.64 billion. Goldman Sachs Group had a return on equity of 11.47% and a net margin of 13.36%. The company’s quarterly revenue was down 4.2% on a year-over-year basis. During the same period in the previous year, the firm posted $5.08 EPS.
A number of brokerages recently issued reports on GS. Buckingham Research restated a “neutral” rating and issued a $250.00 target price (up from $243.00) on shares of Goldman Sachs Group in a report on Wednesday, October 18th. Morgan Stanley lifted their target price on Goldman Sachs Group from $294.00 to $297.00 and gave the stock an “overweight” rating in a report on Friday. Citigroup restated a “neutral” rating and issued a $250.00 target price (up from $225.00) on shares of Goldman Sachs Group in a report on Monday, October 9th. BMO Capital Markets decreased their target price on Goldman Sachs Group to $221.00 and set a “market perform” rating on the stock in a report on Thursday, January 18th. Finally, Barclays restated an “equal weight” rating and issued a $289.00 target price (down from $308.00) on shares of Goldman Sachs Group in a report on Thursday, January 18th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Goldman Sachs Group has a consensus rating of “Hold” and a consensus target price of $256.20.
In related news, insider David M. Solomon sold 2,400 shares of Goldman Sachs Group stock in a transaction on Monday, November 13th. The stock was sold at an average price of $238.49, for a total transaction of $572,376.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Richard J. Gnodde sold 5,718 shares of Goldman Sachs Group stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $238.99, for a total value of $1,366,544.82. The disclosure for this sale can be found here. In the last ninety days, insiders sold 158,414 shares of company stock valued at $39,361,490. 2.57% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in GS. Buckingham Asset Management LLC bought a new position in Goldman Sachs Group during the second quarter valued at about $227,000. Hudock Capital Group LLC raised its holdings in Goldman Sachs Group by 0.4% during the second quarter. Hudock Capital Group LLC now owns 1,134 shares of the investment management company’s stock valued at $251,000 after buying an additional 4 shares in the last quarter. Hilton Capital Management LLC raised its holdings in Goldman Sachs Group by 2.6% during the second quarter. Hilton Capital Management LLC now owns 63,577 shares of the investment management company’s stock valued at $14,108,000 after buying an additional 1,617 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in Goldman Sachs Group by 10.4% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 7,463 shares of the investment management company’s stock valued at $1,656,000 after buying an additional 705 shares in the last quarter. Finally, Brighton Jones LLC bought a new position in Goldman Sachs Group during the second quarter valued at about $398,000. 73.52% of the stock is owned by hedge funds and other institutional investors.
Shares of Goldman Sachs Group (GS) traded down $10.93 during midday trading on Wednesday, hitting $249.11. The company had a trading volume of 6,510,000 shares, compared to its average volume of 3,470,000. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 2.82. The firm has a market cap of $93,960.00, a PE ratio of 28.73, a price-to-earnings-growth ratio of 0.94 and a beta of 1.37. Goldman Sachs Group has a twelve month low of $209.62 and a twelve month high of $273.79.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 1st will be given a $0.75 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $3.00 annualized dividend and a dividend yield of 1.20%. Goldman Sachs Group’s dividend payout ratio (DPR) is presently 34.60%.
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About Goldman Sachs Group
The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.
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