General Dynamics (NYSE:GD) will be issuing its quarterly earnings data before the market opens on Wednesday, April 25th. Analysts expect the company to announce earnings of $2.53 per share for the quarter.
General Dynamics (NYSE:GD) last released its earnings results on Wednesday, January 24th. The aerospace company reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.13. The business had revenue of $8.28 billion for the quarter, compared to the consensus estimate of $8.40 billion. General Dynamics had a net margin of 9.40% and a return on equity of 27.22%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period last year, the firm posted $1.89 earnings per share. On average, analysts expect General Dynamics to post $11 EPS for the current fiscal year and $12 EPS for the next fiscal year.
General Dynamics stock opened at $225.96 on Tuesday. The company has a market capitalization of $66,248.85, a PE ratio of 22.71, a PEG ratio of 2.38 and a beta of 0.83. The company has a current ratio of 1.40, a quick ratio of 0.99 and a debt-to-equity ratio of 0.35. General Dynamics has a fifty-two week low of $190.30 and a fifty-two week high of $230.00.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 11th. Stockholders of record on Friday, April 13th will be given a $0.93 dividend. This is an increase from General Dynamics’s previous quarterly dividend of $0.84. This represents a $3.72 annualized dividend and a dividend yield of 1.65%. The ex-dividend date is Thursday, April 12th. General Dynamics’s dividend payout ratio (DPR) is 37.39%.
GD has been the topic of several analyst reports. Cowen reissued a “buy” rating and issued a $253.00 target price on shares of General Dynamics in a research report on Monday, April 9th. ValuEngine raised shares of General Dynamics from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Zacks Investment Research raised shares of General Dynamics from a “hold” rating to a “buy” rating and set a $234.00 price objective on the stock in a research report on Friday, January 19th. Jefferies Group reaffirmed a “buy” rating and set a $237.00 price objective on shares of General Dynamics in a research report on Monday, January 8th. Finally, Morgan Stanley lowered their price objective on shares of General Dynamics from $225.00 to $217.00 and set an “underweight” rating on the stock in a research report on Thursday, April 12th. 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 stock. General Dynamics currently has an average rating of “Hold” and an average target price of $239.04.
In other General Dynamics news, EVP John Patrick Casey sold 4,133 shares of the business’s stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $225.27, for a total value of $931,040.91. Following the completion of the sale, the executive vice president now directly owns 96,055 shares of the company’s stock, valued at $21,638,309.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John M. Keane sold 1,800 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was 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. Insiders sold 30,357 shares of company stock valued at $6,715,463 over the last three months. Insiders own 6.90% of the company’s stock.
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About General Dynamics
General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four business groups: Aerospace; Combat Systems; Information Systems and Technology; and Marine Systems. The Aerospace group designs, develops, manufactures, service and supports business-jet aircraft; and provides aircraft services, such as maintenance, aircraft management, charter, fixed-base operational, and staffing services.
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