General Electric (GE) is set to announce its quarterly results on Tuesday
General Electric (NYSE:GE) will release its quarterly earnings data before market open on Tuesday, January 25. Analysts expect the company to report earnings of $0.84 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.
General Electric (NYSE:GE) last released its quarterly results on Monday, October 25. The conglomerate reported EPS of $0.57 for the quarter, beating the Zacks consensus estimate of $0.43 by $0.14. The company posted revenue of $18.43 billion in the quarter, versus a consensus estimate of $19.17 billion. General Electric posted a positive return on equity of 5.88% and a negative net margin of 0.05%. General Electric’s revenue for the quarter decreased 0.5% from the same quarter last year. In the same quarter of the previous year, the company made earnings per share of $0.48. On average, analysts expect General Electric to post EPS of $2 for the current fiscal year and EPS of $4 for the next fiscal year.
GE Stock opened at $103.16 on Tuesday. The company has a market capitalization of $113.28 billion, a PE ratio of -198.38, a growth price-earnings ratio of 4.83 and a beta of 1.03. The company has a 50-day simple moving average of $98.44 and a 200-day simple moving average of $101.88. General Electric has a 52-week low of $85.12 and a 52-week high of $116.17. The company has a quick ratio of 1.50, a current ratio of 1.80 and a leverage ratio of 1.47.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 25. Shareholders of record on Tuesday, December 21 will receive a dividend of $0.08. This represents a dividend of $0.32 on an annualized basis and a yield of 0.31%. The ex-date of this dividend is Monday, December 20. General Electric’s dividend payout rate is currently -61.54%.
A number of research analysts have published reports on the company. Credit Suisse Group upgraded General Electric from a “neutral” rating to an “outperforming” rating and set a target price of $122.00 for the stock in a Tuesday, January 4 research report. Jefferies Financial Group reiterated a “hold” rating and issued a target price of $99.00 on General Electric shares in a research report on Friday, Dec. 3. Royal Bank of Canada raised its target price on General Electric from $127.00 to $130.00 and gave the company an “outperform” rating in a Wednesday, November 10 research report. Morgan Stanley assumed coverage of General Electric in a research report on Tuesday, November 23. They issued an “overweight” rating and a target price of $125.00 on the stock. Finally, Deutsche Bank Aktiengesellschaft cut its price target on General Electric from $131.00 to $119.00 and placed a “buy” rating on the stock in a Friday, Dec. 10 research report. One analyst has assigned the stock a sell rating, five have issued a hold rating and twelve have assigned the stock a buy rating. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $124.13.
In related news, the director Paula Rosput Reynolds bought 1,000 shares of General Electric in a transaction that took place on Friday, November 12. The shares were acquired at an average cost of $107.06 per share, for a total transaction of $107,060.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available via this hyperlink. Insiders bought 2,051 shares of the company worth $210,673 during the last quarter. 0.71% of the shares are currently held by insiders of the company.
A hedge fund recently increased its stake in shares of General Electric. Morgan Stanley increased its holdings of General Electric (NYSE:GE) stock by 5.7% in the second quarter, according to its latest 13F filing with the Securities and Exchange Commission. The institutional investor held 41,344,433 shares of the conglomerate after purchasing an additional 2,238,808 shares during the quarter. Morgan Stanley owned 3.76% of General Electric worth $556,497,000 when it last filed with the SEC. 70.89% of the shares are currently held by hedge funds and other institutional investors.
About General Electric
General Electric Co engages in the provision of technology and financial services. It operates through the following segments: Power, Renewable Energy, Aviation, Healthcare and Capital. The Power segment offers technologies, solutions and services related to power generation, which includes gas and steam turbines, generators and power generation services.
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