$0.18 EPS Expected for General Electric (NYSE:GE) This Quarter

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Brokerages forecast that General Electric (NYSE:GE) will report $0.18 earnings per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for General Electric’s earnings, with estimates ranging from $0.15 to $0.19. General Electric posted earnings per share of $0.17 in the same quarter last year, which would suggest a positive year over year growth rate of 5.9%. The business is expected to report its next earnings report on Thursday, January 30th.

According to Zacks, analysts expect that General Electric will report full-year earnings of $0.61 per share for the current year, with EPS estimates ranging from $0.57 to $0.65. For the next year, analysts expect that the company will report earnings of $0.70 per share, with EPS estimates ranging from $0.65 to $0.77. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for General Electric.

General Electric (NYSE:GE) last released its quarterly earnings results on Wednesday, October 30th. The conglomerate reported $0.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.03. The company had revenue of $23.36 billion for the quarter, compared to analysts’ expectations of $22.93 billion. General Electric had a positive return on equity of 11.69% and a negative net margin of 4.39%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 earnings per share.

A number of equities research analysts have recently weighed in on the company. Deutsche Bank lifted their price target on General Electric from $11.00 to $12.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Credit Suisse Group reissued a “neutral” rating and set a $11.00 target price on shares of General Electric in a report on Tuesday, December 3rd. Zacks Investment Research raised General Electric from a “sell” rating to a “hold” rating and set a $10.00 target price on the stock in a report on Friday, November 1st. JPMorgan Chase & Co. set a $5.00 target price on General Electric and gave the stock an “underweight” rating in a report on Friday, November 1st. Finally, Morgan Stanley assumed coverage on General Electric in a report on Thursday, September 5th. They set an “equal weight” rating and a $10.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $10.69.

Shares of GE traded down $0.10 during mid-day trading on Friday, reaching $11.34. 49,339,511 shares of the company’s stock traded hands, compared to its average volume of 42,478,568. The business’s 50-day moving average price is $10.90 and its 200-day moving average price is $9.82. The stock has a market capitalization of $95.81 billion, a P/E ratio of 17.45, a price-to-earnings-growth ratio of 2.66 and a beta of 1.17. The company has a debt-to-equity ratio of 2.67, a quick ratio of 1.60 and a current ratio of 1.84. General Electric has a 12 month low of $6.77 and a 12 month high of $11.84.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Monday, December 23rd will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.04 annualized dividend and a yield of 0.35%. General Electric’s payout ratio is 6.15%.

A number of institutional investors have recently bought and sold shares of GE. Venturi Wealth Management LLC acquired a new position in General Electric in the third quarter worth approximately $25,000. Employers Holdings Inc. acquired a new position in General Electric in the second quarter worth approximately $28,000. Fusion Family Wealth LLC grew its position in General Electric by 10,516.0% in the second quarter. Fusion Family Wealth LLC now owns 2,654 shares of the conglomerate’s stock worth $28,000 after buying an additional 2,629 shares during the last quarter. Princeton Global Asset Management LLC grew its position in General Electric by 307,700.0% in the second quarter. Princeton Global Asset Management LLC now owns 3,078 shares of the conglomerate’s stock worth $32,000 after buying an additional 3,077 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. acquired a new position in General Electric in the second quarter worth approximately $35,000. Hedge funds and other institutional investors own 60.22% of the company’s stock.

About General Electric

General Electric Company operates as a high-tech industrial company worldwide. It operates through Power, Renewable Energy, Aviation, Oil & Gas, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, generators, and high voltage equipment; and power generation services.

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