General Electric (GE) Expected to Announce Earnings of $0.12 Per Share

Equities research analysts predict that General Electric (NYSE:GE) will report earnings of $0.12 per share for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for General Electric’s earnings, with the highest EPS estimate coming in at $0.17 and the lowest estimate coming in at $0.09. General Electric reported earnings of $0.21 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 42.9%. The business is expected to announce its next earnings results before the market opens on Friday, April 20th.

According to Zacks, analysts expect that General Electric will report full-year earnings of $0.99 per share for the current year, with EPS estimates ranging from $0.92 to $1.05. For the next financial 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 a mean average based on a survey of research firms that cover General Electric.

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General Electric (NYSE:GE) last issued its quarterly earnings data on Wednesday, January 24th. The conglomerate reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.01). The company had revenue of $31.40 billion for the quarter, compared to analysts’ expectations of $33.93 billion. General Electric had a positive return on equity of 11.60% and a negative net margin of 4.74%. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.46 EPS.

Several brokerages have recently weighed in on GE. DZ Bank restated a “sell” rating on shares of General Electric in a research report on Wednesday, March 28th. JPMorgan Chase restated an “underweight” rating and set a $11.00 price objective (down previously from $14.00) on shares of General Electric in a research report on Tuesday, March 13th. UBS set a $16.00 price objective on shares of General Electric and gave the stock a “neutral” rating in a research report on Wednesday, March 7th. Royal Bank of Canada restated a “hold” rating and set a $16.00 price objective on shares of General Electric in a research report on Tuesday, February 27th. Finally, Citigroup set a $23.00 price objective on shares of General Electric and gave the stock a “buy” rating in a research report on Monday, February 26th. Six equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $18.27.

In other General Electric news, insider Alexander Dimitrief purchased 2,689 shares of General Electric stock in a transaction that occurred on Monday, January 29th. The stock was purchased at an average price of $16.16 per share, for a total transaction of $43,454.24. Following the transaction, the insider now directly owns 81,185 shares in the company, valued at $1,311,949.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.12% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in GE. Ackerman Capital Advisors LLC acquired a new position in shares of General Electric during the 4th quarter worth $225,000. Wagner Wealth Management LLC acquired a new position in shares of General Electric during the 4th quarter worth $624,000. Hanson McClain Inc. grew its stake in shares of General Electric by 28.7% during the 4th quarter. Hanson McClain Inc. now owns 33,287 shares of the conglomerate’s stock worth $581,000 after purchasing an additional 7,416 shares during the period. Penbrook Management LLC acquired a new position in shares of General Electric during the 4th quarter worth $312,000. Finally, CNB Bank acquired a new position in shares of General Electric during the 4th quarter worth $1,028,000. Institutional investors own 56.30% of the company’s stock.

Shares of NYSE:GE traded down $0.36 during trading on Monday, hitting $13.12. 71,816,750 shares of the company were exchanged, compared to its average volume of 94,981,703. The company has a market capitalization of $117,041.13, a PE ratio of 12.50, a P/E/G ratio of 2.56 and a beta of 1.02. The company has a current ratio of 1.87, a quick ratio of 1.59 and a debt-to-equity ratio of 1.32. General Electric has a 12-month low of $12.73 and a 12-month high of $30.54.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Monday, February 26th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, February 23rd. This represents a $0.48 annualized dividend and a yield of 3.66%. General Electric’s dividend payout ratio (DPR) is 45.71%.

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About General Electric

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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Earnings History and Estimates for General Electric (NYSE:GE)

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