Analysts forecast that General Electric (NYSE:GE) will post earnings per share of $0.12 for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for General Electric’s earnings, with estimates ranging from $0.09 to $0.17. General Electric reported earnings of $0.21 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 42.9%. The firm is expected to report its next earnings report on Friday, April 20th.
According to Zacks, analysts expect that General Electric will report full year earnings of $0.99 per share for the current financial year, with EPS estimates ranging from $0.92 to $1.05. For the next financial year, analysts forecast that the business will post earnings of $1.02 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 released its quarterly earnings results on Wednesday, January 24th. The conglomerate reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). General Electric had a positive return on equity of 11.60% and a negative net margin of 4.74%. The business had revenue of $31.40 billion for the quarter, compared to the consensus estimate of $33.93 billion. During the same period in the prior year, the business posted $0.46 earnings per share. General Electric’s revenue was down 5.1% compared to the same quarter last year.
In other news, insider Alexander Dimitrief acquired 2,689 shares of General Electric stock in a transaction on Monday, January 29th. The shares were purchased at an average cost of $16.16 per share, for a total transaction of $43,454.24. Following the completion of the purchase, the insider now directly owns 81,185 shares of the company’s stock, valued at approximately $1,311,949.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.36% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of GE. Beach Investment Management LLC. acquired a new stake in General Electric during the 2nd quarter worth approximately $5,487,000. MV Capital Management Inc. boosted its position in General Electric by 1.7% during the 2nd quarter. MV Capital Management Inc. now owns 20,821 shares of the conglomerate’s stock worth $562,000 after buying an additional 344 shares during the period. Barrett Asset Management LLC boosted its position in General Electric by 1.2% during the 2nd quarter. Barrett Asset Management LLC now owns 761,740 shares of the conglomerate’s stock worth $20,575,000 after buying an additional 9,004 shares during the period. HL Financial Services LLC boosted its position in General Electric by 0.8% during the 2nd quarter. HL Financial Services LLC now owns 3,245,120 shares of the conglomerate’s stock worth $87,651,000 after buying an additional 26,293 shares during the period. Finally, SignalPoint Asset Management LLC boosted its position in General Electric by 0.9% during the 2nd quarter. SignalPoint Asset Management LLC now owns 59,949 shares of the conglomerate’s stock worth $1,619,000 after buying an additional 526 shares during the period. Institutional investors own 56.42% of the company’s stock.
General Electric (NYSE GE) opened at $14.94 on Friday. General Electric has a 1 year low of $13.95 and a 1 year high of $30.54. The company has a market cap of $131,020.00, a PE ratio of -49.80, a P/E/G ratio of 2.83 and a beta of 1.00. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.59 and a current ratio of 1.87.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Monday, February 26th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, February 23rd. This represents a $0.48 dividend on an annualized basis and a yield of 3.21%. General Electric’s payout ratio is -160.00%.
About General Electric
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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