Goldman Sachs (NYSE:GS) is scheduled to release its earnings data before the market opens on Monday, April 16th. Analysts expect Goldman Sachs to post earnings of $5.30 per share for the quarter.
Goldman Sachs (NYSE:GS) last announced its earnings results on Wednesday, January 17th. The investment management company reported $5.68 earnings per share for the quarter, beating the consensus estimate of $4.90 by $0.78. Goldman Sachs had a return on equity of 11.66% and a net margin of 13.36%. The firm had revenue of $7.83 billion during the quarter, compared to the consensus estimate of $7.64 billion. During the same quarter in the prior year, the company earned $5.08 EPS. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. On average, analysts expect Goldman Sachs to post $22 EPS for the current fiscal year and $25 EPS for the next fiscal year.
Shares of NYSE:GS opened at $255.92 on Friday. Goldman Sachs has a twelve month low of $209.62 and a twelve month high of $275.31. The company has a market cap of $98,614.86, a P/E ratio of 12.95, a price-to-earnings-growth ratio of 1.05 and a beta of 1.37. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 3.09.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Thursday, March 1st were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $3.00 annualized dividend and a yield of 1.17%. Goldman Sachs’s payout ratio is 15.18%.
In related news, Director David A. Viniar sold 17,500 shares of the firm’s stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $251.19, for a total transaction of $4,395,825.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider David M. Solomon sold 21,252 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $271.65, for a total value of $5,773,105.80. The disclosure for this sale can be found here. Insiders have sold a total of 83,548 shares of company stock valued at $22,064,172 in the last 90 days. 2.57% of the stock is owned by corporate insiders.
A number of analysts have commented on the company. Wells Fargo reiterated an “outperform” rating and issued a $320.00 price objective on shares of Goldman Sachs in a research report on Thursday, January 25th. Vetr upgraded Goldman Sachs from a “sell” rating to a “hold” rating and set a $246.36 price objective for the company in a research report on Thursday, February 8th. Zacks Investment Research upgraded Goldman Sachs from a “hold” rating to a “buy” rating and set a $294.00 price objective for the company in a research report on Tuesday, March 20th. BMO Capital Markets reduced their price objective on Goldman Sachs to $221.00 and set a “market perform” rating for the company in a research report on Thursday, January 18th. Finally, JPMorgan Chase reiterated a “buy” rating and issued a $280.00 price objective on shares of Goldman Sachs in a research report on Thursday, March 15th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $260.58.
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Goldman Sachs Company Profile
The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.
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