Equities Analysts Offer Predictions for General Electric’s Q4 2017 Earnings (GE)

General Electric (NYSE:GE) – Stock analysts at Oppenheimer lowered their Q4 2017 earnings per share (EPS) estimates for shares of General Electric in a research note issued to investors on Tuesday. Oppenheimer analyst C. Glynn now expects that the conglomerate will post earnings per share of $0.27 for the quarter, down from their prior estimate of $0.30. Oppenheimer has a “Underperform” rating on the stock. Oppenheimer also issued estimates for General Electric’s Q1 2018 earnings at $0.18 EPS, Q2 2018 earnings at $0.22 EPS, Q3 2018 earnings at $0.25 EPS, Q4 2018 earnings at $0.35 EPS, FY2018 earnings at $1.00 EPS and FY2019 earnings at $1.00 EPS.

General Electric (NYSE:GE) last announced its quarterly earnings data on Friday, October 20th. The conglomerate reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.20). General Electric had a net margin of 6.08% and a return on equity of 13.72%. The company had revenue of $33.47 billion during the quarter, compared to the consensus estimate of $32.51 billion. During the same quarter in the previous year, the business earned $0.32 EPS. General Electric’s revenue was up 11.5% on a year-over-year basis.

GE has been the subject of a number of other research reports. JPMorgan Chase & Co. reduced their price target on General Electric from $19.00 to $17.00 and set an “underweight” rating for the company in a report on Wednesday, November 1st. Bank of America upgraded General Electric from a “neutral” rating to a “buy” rating and set a $27.00 price target for the company in a report on Monday, October 23rd. Royal Bank of Canada set a $25.00 price target on General Electric and gave the stock a “buy” rating in a report on Monday, October 23rd. Morningstar reiterated a “buy” rating on shares of General Electric in a report on Tuesday, November 14th. Finally, Citigroup set a $28.00 price target on General Electric and gave the stock a “buy” rating in a report on Monday, October 23rd. Six research analysts have rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. General Electric presently has a consensus rating of “Hold” and an average price target of $22.94.

General Electric (NYSE GE) opened at $16.77 on Thursday. General Electric has a 1-year low of $16.76 and a 1-year high of $31.34. The company has a current ratio of 1.86, a quick ratio of 1.53 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $145,430.00, a PE ratio of 19.50, a P/E/G ratio of 1.96 and a beta of 1.07.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 25th. Stockholders of record on Wednesday, December 27th will be given a $0.12 dividend. The ex-dividend date is Tuesday, December 26th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.86%. General Electric’s payout ratio is 55.81%.

In other news, Chairman John Leonard Flannery acquired 60,000 shares of the stock in a transaction on Wednesday, November 15th. The stock was acquired at an average cost of $18.27 per share, for a total transaction of $1,096,200.00. Following the completion of the transaction, the chairman now directly owns 575,477 shares in the company, valued at $10,513,964.79. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Steven M. Mollenkopf acquired 5,500 shares of the stock in a transaction on Thursday, November 16th. The shares were purchased at an average price of $18.24 per share, with a total value of $100,320.00. Following the completion of the transaction, the director now owns 5,500 shares of the company’s stock, valued at $100,320. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 120,500 shares of company stock valued at $2,183,220. 0.36% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Toronto Dominion Bank raised its position in General Electric by 21.3% during the second quarter. Toronto Dominion Bank now owns 3,375,683 shares of the conglomerate’s stock valued at $91,179,000 after purchasing an additional 593,686 shares in the last quarter. Warren Averett Asset Management LLC grew its stake in shares of General Electric by 7.0% during the second quarter. Warren Averett Asset Management LLC now owns 103,854 shares of the conglomerate’s stock worth $2,805,000 after buying an additional 6,799 shares during the last quarter. Palouse Capital Management Inc. grew its stake in shares of General Electric by 5.4% during the third quarter. Palouse Capital Management Inc. now owns 190,591 shares of the conglomerate’s stock worth $4,608,000 after buying an additional 9,755 shares during the last quarter. Destination Wealth Management grew its stake in shares of General Electric by 5.6% during the second quarter. Destination Wealth Management now owns 775,177 shares of the conglomerate’s stock worth $20,938,000 after buying an additional 41,100 shares during the last quarter. Finally, Rockland Trust Co. grew its stake in shares of General Electric by 8.6% during the second quarter. Rockland Trust Co. now owns 205,544 shares of the conglomerate’s stock worth $5,552,000 after buying an additional 16,309 shares during the last quarter. Institutional investors and hedge funds own 55.64% of the company’s stock.

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General Electric Company Profile

General Electric Company is a global digital industrial company. The Company’s products and services range from aircraft engines, power generation, and oil and gas production equipment to medical imaging, financing and industrial products. Its segments include Power, which includes products and services related to energy production; Renewable Energy, which offers renewable power sources; Oil & Gas, including liquefied natural gas and pipelines; Aviation, which includes commercial and military aircraft engines, and integrated digital components, among others; Healthcare, which provides healthcare technologies in medical imaging, digital solutions, patient monitoring and diagnostics, and drug discovery, among others; Transportation, which is a supplier to the railroad, mining, marine, stationary power and drilling industries; Energy Connections & Lighting, which includes Energy Connections and Lighting businesses, and Capital, which is a financial services division.

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