Zacks: Analysts Expect General Dynamics Co. (GD) Will Announce Earnings of $2.50 Per Share

Equities analysts expect General Dynamics Co. (NYSE:GD) to post earnings of $2.50 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for General Dynamics’ earnings, with the highest EPS estimate coming in at $2.68 and the lowest estimate coming in at $2.40. General Dynamics posted earnings per share of $2.48 in the same quarter last year, which would indicate a positive year over year growth rate of 0.8%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, April 25th.

On average, analysts expect that General Dynamics will report full-year earnings of $11.14 per share for the current financial year, with EPS estimates ranging from $10.93 to $11.29. For the next fiscal year, analysts anticipate that the firm will post earnings of $12.21 per share, with EPS estimates ranging from $11.90 to $12.50. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow General Dynamics.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, January 24th. The aerospace company reported $2.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.37 by $0.13. General Dynamics had a net margin of 9.40% and a return on equity of 27.22%. The firm had revenue of $8.28 billion during the quarter, compared to analyst estimates of $8.40 billion. During the same period last year, the firm posted $1.89 EPS. General Dynamics’s revenue was up 8.1% on a year-over-year basis.

A number of equities analysts have issued reports on the stock. Royal Bank of Canada raised their price target on shares of General Dynamics to $258.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Jefferies Group raised their price target on shares of General Dynamics to $247.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. They noted that the move was a valuation call. Bank of America raised their price target on shares of General Dynamics from $245.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Argus raised shares of General Dynamics to a “buy” rating and raised their price target for the stock from $230.00 to $250.00 in a research report on Tuesday, January 30th. Finally, Zacks Investment Research raised shares of General Dynamics from a “hold” rating to a “buy” rating and set a $252.00 price target for the company in a research report on Friday, February 2nd. Three research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $232.09.

In related news, insider John Patrick Casey sold 9,304 shares of General Dynamics stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $215.29, for a total value of $2,003,058.16. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John M. Keane sold 1,800 shares of General Dynamics stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $216.43, for a total transaction of $389,574.00. The disclosure for this sale can be found here. 6.70% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Highlander Capital Management LLC grew its stake in General Dynamics by 101.4% in the 4th quarter. Highlander Capital Management LLC now owns 596 shares of the aerospace company’s stock valued at $121,000 after acquiring an additional 300 shares during the period. Resources Investment Advisors Inc. grew its stake in General Dynamics by 92.3% in the 4th quarter. Resources Investment Advisors Inc. now owns 625 shares of the aerospace company’s stock valued at $127,000 after acquiring an additional 300 shares during the period. We Are One Seven LLC acquired a new stake in General Dynamics in the 4th quarter valued at $128,000. NuWave Investment Management LLC acquired a new stake in General Dynamics in the 4th quarter valued at $130,000. Finally, Prime Capital Investment Advisors LLC acquired a new stake in General Dynamics in the 4th quarter valued at $134,000. 87.03% of the stock is currently owned by hedge funds and other institutional investors.

General Dynamics (GD) opened at $224.19 on Monday. General Dynamics has a 1 year low of $183.72 and a 1 year high of $229.54. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.99 and a current ratio of 1.40. The stock has a market cap of $66,570.00, a P/E ratio of 22.44, a price-to-earnings-growth ratio of 2.37 and a beta of 0.85.

The company also recently announced a quarterly dividend, which was paid on Friday, February 9th. Stockholders of record on Friday, January 19th were issued a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend was Thursday, January 18th. General Dynamics’s dividend payout ratio (DPR) is 33.63%.

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General Dynamics Company Profile

General Dynamics Corporation is a global aerospace and defense company. The Company offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; information technology (IT) services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions, and shipbuilding and ship repair.

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