Brokers Set Expectations for General Electric’s Q1 2020 Earnings (NYSE:GE)

General Electric (NYSE:GE) – Oppenheimer issued their Q1 2020 earnings per share estimates for shares of General Electric in a report released on Wednesday, November 6th. Oppenheimer analyst C. Glynn expects that the conglomerate will post earnings per share of $0.13 for the quarter. Oppenheimer also issued estimates for General Electric’s Q2 2020 earnings at $0.15 EPS, Q3 2020 earnings at $0.15 EPS, Q4 2020 earnings at $0.22 EPS, FY2020 earnings at $0.65 EPS and FY2021 earnings at $0.85 EPS.

GE has been the subject of a number of other reports. Barclays reissued a “buy” rating and set a $12.00 target price on shares of General Electric in a research note on Friday, October 4th. JPMorgan Chase & Co. set a $5.00 target price on General Electric and gave the stock an “underweight” rating in a research note on Friday, November 1st. Morgan Stanley initiated coverage on General Electric in a research note on Thursday, September 5th. They set an “equal weight” rating and a $10.00 target price for the company. ValuEngine raised General Electric from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Deutsche Bank increased their target price on General Electric from $9.00 to $11.00 in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the stock. General Electric has a consensus rating of “Hold” and a consensus price target of $10.41.

Shares of GE stock opened at $11.52 on Friday. The company has a market cap of $100.61 billion, a price-to-earnings ratio of 17.72, a price-to-earnings-growth ratio of 2.46 and a beta of 1.13. The stock has a 50 day simple moving average of $9.25 and a 200-day simple moving average of $9.58. General Electric has a 12-month low of $6.66 and a 12-month high of $11.75. The company has a current ratio of 1.84, a quick ratio of 1.60 and a debt-to-equity ratio of 2.67.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cetera Advisors LLC grew its holdings in General Electric by 22.6% during the 3rd quarter. Cetera Advisors LLC now owns 473,642 shares of the conglomerate’s stock valued at $4,242,000 after buying an additional 87,264 shares during the last quarter. Miracle Mile Advisors LLC acquired a new stake in General Electric during the 3rd quarter valued at $7,286,000. Trillium Asset Management LLC grew its holdings in General Electric by 75.1% during the 3rd quarter. Trillium Asset Management LLC now owns 46,873 shares of the conglomerate’s stock valued at $419,000 after buying an additional 20,101 shares during the last quarter. Rational Advisors LLC grew its holdings in General Electric by 31.3% during the 3rd quarter. Rational Advisors LLC now owns 41,905 shares of the conglomerate’s stock valued at $375,000 after buying an additional 9,998 shares during the last quarter. Finally, Torray LLC grew its holdings in General Electric by 1.1% during the 3rd quarter. Torray LLC now owns 770,759 shares of the conglomerate’s stock valued at $6,891,000 after buying an additional 8,658 shares during the last quarter. Institutional investors and hedge funds own 58.97% of the company’s stock.

In other news, Chairman H Lawrence Culp, Jr. purchased 331,684 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were acquired at an average price of $9.04 per share, for a total transaction of $2,998,423.36. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Thomas W. Horton purchased 55,248 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was purchased at an average price of $9.02 per share, for a total transaction of $498,336.96. Following the acquisition, the director now owns 55,248 shares in the company, valued at $498,336.96. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 801,068 shares of company stock worth $6,954,745. Insiders own 1.13% of the company’s stock.

The company also recently declared a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Monday, September 16th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date of this dividend was Friday, September 13th. General Electric’s dividend payout ratio is currently 6.15%.

General Electric Company Profile

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

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