Wall Street brokerages forecast that Goldman Sachs Group Inc (NYSE:GS) will announce $8.70 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Goldman Sachs Group’s earnings. The lowest sales estimate is $8.60 billion and the highest is $8.80 billion. Goldman Sachs Group reported sales of $8.03 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 8.3%. The company is expected to issue its next quarterly earnings report on Tuesday, April 17th.
According to Zacks, analysts expect that Goldman Sachs Group will report full-year sales of $8.70 billion for the current fiscal year, with estimates ranging from $31.81 billion to $33.96 billion. For the next fiscal year, analysts expect that the business will post sales of $34.94 billion per share, with estimates ranging from $32.87 billion to $36.22 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that that provide coverage for Goldman Sachs Group.
Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Wednesday, January 17th. The investment management company reported $5.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.90 by $0.78. Goldman Sachs Group had a net margin of 13.36% and a return on equity of 11.66%. The business had revenue of $7.83 billion during the quarter, compared to the consensus estimate of $7.64 billion. During the same quarter last year, the company posted $5.08 earnings per share. The firm’s quarterly revenue was down 4.2% compared to the same quarter last year.
In other news, Vice Chairman Pablo J. Salame sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $270.42, for a total value of $2,704,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John F.W. Rogers sold 4,400 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $265.37, for a total transaction of $1,167,628.00. The disclosure for this sale can be found here. Insiders sold 83,548 shares of company stock valued at $22,064,172 over the last 90 days. 2.57% of the stock is owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in the company. Icon Wealth Partners LLC bought a new stake in Goldman Sachs Group during the fourth quarter valued at approximately $113,000. Cerebellum GP LLC bought a new stake in Goldman Sachs Group during the fourth quarter valued at approximately $122,000. Gs Investments Inc. bought a new stake in Goldman Sachs Group during the second quarter valued at approximately $111,000. Prime Capital Investment Advisors LLC bought a new stake in Goldman Sachs Group during the fourth quarter valued at approximately $127,000. Finally, We Are One Seven LLC bought a new stake in Goldman Sachs Group during the fourth quarter valued at approximately $137,000. Institutional investors own 73.28% of the company’s stock.
Goldman Sachs Group (GS) traded up $2.61 during midday trading on Wednesday, reaching $273.38. 3,070,000 shares of the company were exchanged, compared to its average volume of 3,630,000. Goldman Sachs Group has a 1-year low of $209.62 and a 1-year high of $275.31. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market capitalization of $103,850.00, a P/E ratio of 13.70, a PEG ratio of 0.98 and a beta of 1.32.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 1st will be given a $0.75 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.10%. Goldman Sachs Group’s dividend payout ratio (DPR) is currently 15.03%.
About Goldman Sachs Group
The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.
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