Equities analysts forecast that General Electric (NYSE:GE) will post earnings of $0.11 per share for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for General Electric’s earnings. The highest EPS estimate is $0.13 and the lowest is $0.09. General Electric reported earnings of $0.21 per share during the same quarter last year, which would suggest a negative year over year growth rate of 47.6%. The firm is expected to issue its next earnings report before the market opens on Friday, April 20th.
On average, analysts expect that General Electric will report full-year earnings of $0.96 per share for the current financial year, with EPS estimates ranging from $0.92 to $1.00. For the next fiscal year, analysts forecast that the business will report earnings of $1.00 per share, with EPS estimates ranging from $0.85 to $1.15. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for General Electric.
General Electric (NYSE:GE) last issued its quarterly earnings data on Wednesday, January 24th. The conglomerate reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.01). The company had revenue of $31.40 billion during the quarter, compared to analyst estimates of $33.93 billion. General Electric had a negative net margin of 4.74% and a positive return on equity of 11.60%. The business’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period last year, the firm earned $0.46 EPS.
GE has been the subject of a number of research analyst reports. JPMorgan Chase reissued a “sell” rating and set a $16.00 target price (down previously from $17.00) on shares of General Electric in a report on Monday, January 8th. Citigroup set a $23.00 price objective on General Electric and gave the stock a “buy” rating in a research report on Monday, February 26th. Vetr upgraded General Electric from a “buy” rating to a “strong-buy” rating and set a $22.05 price target for the company in a research report on Monday, January 15th. Morningstar set a $23.50 price target on General Electric and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. Finally, Bank of America cut General Electric from a “buy” rating to a “neutral” rating and set a $17.00 price objective on the stock. in a research note on Monday, January 22nd. Seven research analysts have rated the stock with a sell rating, twelve have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $17.86.
NYSE GE traded up $0.40 during trading hours on Thursday, reaching $13.73. The company’s stock had a trading volume of 15,969,321 shares, compared to its average volume of 88,991,375. The stock has a market capitalization of $117,127.95, a price-to-earnings ratio of 12.70, a PEG ratio of 2.62 and a beta of 1.02. General Electric has a 1-year low of $12.73 and a 1-year high of $30.54. The company has a current ratio of 1.87, a quick ratio of 1.59 and a debt-to-equity ratio of 1.32.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Monday, February 26th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.50%. The ex-dividend date is Friday, February 23rd. General Electric’s dividend payout ratio (DPR) is 45.71%.
In other news, insider Alexander Dimitrief bought 2,689 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was purchased at an average price of $16.16 per share, for a total transaction of $43,454.24. Following the transaction, the insider now owns 81,185 shares in the company, valued at $1,311,949.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.12% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Ford Financial Group Inc. bought a new position in shares of General Electric in the fourth quarter valued at approximately $108,000. MPS Loria Financial Planners LLC bought a new position in shares of General Electric in the second quarter valued at approximately $113,000. Ffcm LLC bought a new position in shares of General Electric in the second quarter valued at approximately $114,000. Santori & Peters Inc. bought a new position in shares of General Electric in the fourth quarter valued at approximately $120,000. Finally, Avestar Capital LLC bought a new position in shares of General Electric in the fourth quarter valued at approximately $137,000. Hedge funds and other institutional investors own 56.22% of the company’s stock.
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About General Electric
General Electric Company operates as a digital industrial company worldwide. It operates through Power, Renewable Energy, Oil & Gas, Aviation, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, engines, generators, and high voltage equipment; and power generation services and digital solutions.
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