General Dynamics (GD) Scheduled to Post Quarterly Earnings on Wednesday

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General Dynamics (NYSE:GD) is scheduled to release its earnings data before the market opens on Wednesday, July 24th. Analysts expect General Dynamics to post earnings of $2.68 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

General Dynamics (NYSE:GD) last announced its earnings results on Wednesday, April 24th. The aerospace company reported $2.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.38 by $0.18. General Dynamics had a net margin of 8.68% and a return on equity of 27.62%. The company had revenue of $9.26 billion during the quarter, compared to analyst estimates of $8.90 billion. During the same period in the previous year, the business earned $2.65 earnings per share. The firm’s quarterly revenue was up 22.9% compared to the same quarter last year. On average, analysts expect General Dynamics to post $12 EPS for the current fiscal year and $13 EPS for the next fiscal year.

Shares of NYSE:GD opened at $184.62 on Tuesday. General Dynamics has a 52-week low of $143.87 and a 52-week high of $207.72. The stock has a fifty day moving average of $178.23. The stock has a market capitalization of $53.11 billion, a price-to-earnings ratio of 16.17, a PEG ratio of 1.76 and a beta of 1.20. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.23 and a quick ratio of 0.82.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Friday, July 5th will be given a $1.02 dividend. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $4.08 annualized dividend and a yield of 2.21%. General Dynamics’s dividend payout ratio (DPR) is presently 35.73%.

Several research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Global Ship Lease from a “hold” rating to a “strong-buy” rating and set a $7.75 target price for the company in a research report on Monday, June 3rd. ValuEngine lowered shares of Universal Electronics from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 6th. Morgan Stanley set a $18.00 target price on shares of PG&E and gave the stock a “hold” rating in a research report on Friday, June 14th. UBS Group reiterated a “buy” rating and issued a $124.00 target price on shares of Cie Gnrl des Etblsmnts Michelin SCA in a research report on Thursday, April 25th. Finally, Robert W. Baird upped their target price on shares of Northrop Grumman from $300.00 to $364.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $196.00.

About General Dynamics

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates in five segments: Aerospace, Combat Systems, Information Technology, Mission Systems, and Marine Systems. The Aerospace segment designs, manufactures, and supports business-jet aircraft; and offers business-aviation services, including maintenance, fixed-base operation, government fleet, aircraft management, charter, and staffing services, as well as integrated aviation solutions.

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Earnings History for General Dynamics (NYSE:GD)

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