General Electric (NYSE:GE) is scheduled to release its earnings data before the market opens on Thursday, October 25th. Analysts expect General Electric to post earnings of $0.22 per share for the quarter.
General Electric (NYSE:GE) last posted its earnings results on Friday, July 20th. The conglomerate reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. The firm had revenue of $30.10 billion for the quarter, compared to analysts’ expectations of $29.39 billion. General Electric had a negative net margin of 6.59% and a positive return on equity of 10.40%. The company’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.21 earnings per share. On average, analysts expect General Electric to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
NYSE GE opened at $12.19 on Thursday. The firm has a market cap of $98.03 billion, a price-to-earnings ratio of 11.86, a P/E/G ratio of 2.14 and a beta of 0.97. General Electric has a fifty-two week low of $11.21 and a fifty-two week high of $23.84. The company has a current ratio of 1.81, a quick ratio of 1.51 and a debt-to-equity ratio of 1.39.
A number of research firms have weighed in on GE. UBS Group cut shares of General Electric to an “add” rating and set a $23.00 target price on the stock. in a research note on Tuesday, October 2nd. Cowen reaffirmed a “hold” rating and set a $14.50 target price on shares of General Electric in a research note on Monday, October 1st. MED raised shares of General Electric from a “sell” rating to a “hold” rating and set a $15.00 target price on the stock in a research note on Thursday, July 12th. Goldman Sachs Group reiterated a “neutral” rating and set a $14.00 price target on shares of General Electric in a report on Wednesday, June 27th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating on shares of General Electric in a report on Tuesday, July 24th. Six investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. General Electric currently has a consensus rating of “Hold” and a consensus price target of $16.26.
In other news, Director H Lawrence Culp, Jr. bought 191,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 24th. The shares were acquired at an average price of $13.04 per share, for a total transaction of $2,490,640.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.12% of the stock is currently owned by insiders.
An institutional investor recently bought a new position in General Electric stock. HC Financial Advisors Inc. bought a new stake in General Electric (NYSE:GE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 16,079 shares of the conglomerate’s stock, valued at approximately $281,000. 53.74% of the stock is owned by institutional investors.
General Electric Company Profile
General Electric Company operates as a digital industrial company worldwide. It operates through Power, Renewable Energy, Oil & Gas, Aviation, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, engines, generators, and high voltage equipment; and power generation services and digital solutions.
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