Analysts Expect Goldman Sachs Group Inc (GS) to Post $5.73 Earnings Per Share

Brokerages forecast that Goldman Sachs Group Inc (NYSE:GS) will post $5.73 earnings per share for the current quarter, according to Zacks. Two analysts have made estimates for Goldman Sachs Group’s earnings, with the lowest EPS estimate coming in at $5.17 and the highest estimate coming in at $6.17. Goldman Sachs Group reported earnings of $6.95 per share in the same quarter last year, which would indicate a negative year over year growth rate of 17.6%. The company is expected to issue its next earnings results on Tuesday, April 16th.

According to Zacks, analysts expect that Goldman Sachs Group will report full-year earnings of $23.62 per share for the current year, with EPS estimates ranging from $21.44 to $25.37. For the next financial year, analysts expect that the firm will post earnings of $26.27 per share, with EPS estimates ranging from $22.37 to $28.00. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Goldman Sachs Group.

Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Wednesday, January 16th. The investment management company reported $6.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $5.15 by $0.89. Goldman Sachs Group had a net margin of 28.92% and a return on equity of 13.35%. The company had revenue of $8.08 billion during the quarter, compared to analysts’ expectations of $7.48 billion. During the same quarter in the prior year, the company earned $5.68 EPS. The firm’s revenue was down .5% on a year-over-year basis.

A number of equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of Goldman Sachs Group from a “hold” rating to a “sell” rating in a report on Tuesday, January 8th. ValuEngine lowered shares of Goldman Sachs Group from a “sell” rating to a “strong sell” rating in a report on Friday, March 1st. TheStreet upgraded shares of Goldman Sachs Group from a “c+” rating to a “b-” rating in a report on Tuesday, February 5th. Finally, Morgan Stanley lowered their price target on shares of Goldman Sachs Group from $226.00 to $207.00 and set an “equal weight” rating for the company in a report on Tuesday, January 8th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $255.54.

In other Goldman Sachs Group news, EVP Dane E. Holmes sold 1,489 shares of the company’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $198.31, for a total value of $295,283.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Gregory K. Palm sold 16,451 shares of the company’s stock in a transaction on Thursday, December 27th. The stock was sold at an average price of $158.41, for a total transaction of $2,606,002.91. The disclosure for this sale can be found here. 1.71% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of GS. Oregon Public Employees Retirement Fund raised its holdings in Goldman Sachs Group by 17,481.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 16,641,354 shares of the investment management company’s stock worth $100,000 after purchasing an additional 16,546,702 shares in the last quarter. Capital International Investors raised its holdings in Goldman Sachs Group by 2,110.7% in the 3rd quarter. Capital International Investors now owns 4,882,975 shares of the investment management company’s stock worth $1,094,958,000 after purchasing an additional 4,662,095 shares in the last quarter. Norges Bank bought a new position in Goldman Sachs Group in the 4th quarter worth $474,398,000. Lakewood Capital Management LP bought a new position in Goldman Sachs Group in the 4th quarter worth $136,480,000. Finally, Jennison Associates LLC raised its holdings in Goldman Sachs Group by 17.8% in the 4th quarter. Jennison Associates LLC now owns 4,710,738 shares of the investment management company’s stock worth $786,929,000 after purchasing an additional 710,479 shares in the last quarter. Institutional investors and hedge funds own 68.92% of the company’s stock.

Shares of Goldman Sachs Group stock traded up $2.47 during trading on Monday, reaching $195.24. The company’s stock had a trading volume of 3,162,658 shares, compared to its average volume of 3,390,926. Goldman Sachs Group has a 52-week low of $151.70 and a 52-week high of $275.31. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.90 and a current ratio of 0.91. The stock has a market capitalization of $72.62 billion, a price-to-earnings ratio of 7.73, a price-to-earnings-growth ratio of 1.13 and a beta of 1.22.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, February 28th will be issued a $0.80 dividend. The ex-dividend date is Wednesday, February 27th. This represents a $3.20 annualized dividend and a yield of 1.64%. Goldman Sachs Group’s dividend payout ratio (DPR) is presently 12.66%.

About Goldman Sachs Group

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.

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