Equities research analysts expect General Electric (NYSE:GE) to report $0.12 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for General Electric’s earnings. The lowest EPS estimate is $0.09 and the highest is $0.17. General Electric posted 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 scheduled to report its next earnings report on Friday, April 20th.
On average, 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 year, analysts expect that the business will report earnings of $1.02 per share, with EPS estimates ranging from $0.85 to $1.15. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for General Electric.
General Electric (NYSE:GE) last posted its earnings results on Wednesday, January 24th. The conglomerate reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.01). The company had revenue of $31.40 billion for the quarter, compared to the consensus estimate of $33.93 billion. General Electric had a positive return on equity of 11.60% and a negative net margin of 4.74%. General Electric’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.46 EPS.
In other news, insider Alexander Dimitrief bought 2,689 shares of the stock in a transaction dated Monday, January 29th. The stock was bought at an average cost of $16.16 per share, with a total value of $43,454.24. Following the purchase, the insider now owns 81,185 shares of the company’s stock, valued at $1,311,949.60. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 0.36% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of General Electric by 0.6% during the second quarter. Vanguard Group Inc. now owns 600,238,644 shares of the conglomerate’s stock worth $16,212,445,000 after purchasing an additional 3,297,890 shares during the period. BlackRock Inc. grew its stake in shares of General Electric by 1.5% during the fourth quarter. BlackRock Inc. now owns 531,732,530 shares of the conglomerate’s stock worth $9,278,731,000 after purchasing an additional 7,675,642 shares during the period. Franklin Resources Inc. grew its stake in shares of General Electric by 64.6% during the fourth quarter. Franklin Resources Inc. now owns 184,682,929 shares of the conglomerate’s stock worth $3,222,649,000 after purchasing an additional 72,489,551 shares during the period. Capital World Investors grew its stake in shares of General Electric by 8.6% during the second quarter. Capital World Investors now owns 141,322,676 shares of the conglomerate’s stock worth $3,817,125,000 after purchasing an additional 11,194,678 shares during the period. Finally, Capital Research Global Investors grew its stake in shares of General Electric by 18.6% during the second quarter. Capital Research Global Investors now owns 91,205,460 shares of the conglomerate’s stock worth $2,463,459,000 after purchasing an additional 14,316,281 shares during the period. 56.42% of the stock is owned by institutional investors.
General Electric (NYSE GE) traded down $0.16 during trading on Friday, hitting $14.27. The company had a trading volume of 56,977,571 shares, compared to its average volume of 84,820,000. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.87 and a quick ratio of 1.59. The company has a market cap of $123,900.00, a P/E ratio of -47.57, a PEG ratio of 2.86 and a beta of 1.00. General Electric has a 1-year low of $13.95 and a 1-year high of $30.54.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Monday, February 26th will be paid a $0.12 dividend. The ex-dividend date is Friday, February 23rd. This represents a $0.48 annualized dividend and a dividend yield of 3.36%. General Electric’s dividend payout ratio (DPR) is currently -160.00%.
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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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