Zacks: Analysts Anticipate General Electric (NYSE:GE) Will Post Earnings of $0.18 Per Share

Equities analysts predict that General Electric (NYSE:GE) will post earnings of $0.18 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for General Electric’s earnings. The highest EPS estimate is $0.19 and the lowest is $0.15. General Electric posted earnings per share of $0.17 in the same quarter last year, which would suggest a positive year-over-year growth rate of 5.9%. The company is expected to report its next quarterly earnings report on Thursday, January 30th.

On average, analysts expect that General Electric will report full-year earnings of $0.61 per share for the current year, with EPS estimates ranging from $0.57 to $0.65. For the next year, analysts anticipate that the firm will report earnings of $0.70 per share, with EPS estimates ranging from $0.65 to $0.77. Zacks’ EPS calculations are an average based on a survey of research firms that follow General Electric.

General Electric (NYSE:GE) last announced its quarterly 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. General Electric had a negative net margin of 4.39% and a positive return on equity of 11.69%. The firm had revenue of $23.36 billion for the quarter, compared to the consensus estimate of $22.93 billion. During the same period in the prior year, the firm posted $0.14 earnings per share. The company’s revenue for the quarter was down .1% on a year-over-year basis.

GE has been the topic of a number of recent analyst reports. Royal Bank of Canada reissued a “buy” rating and issued a $13.00 price target on shares of General Electric in a report on Wednesday, October 30th. ValuEngine downgraded shares of General Electric from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. William Blair reissued a “buy” rating on shares of General Electric in a report on Tuesday, December 3rd. Deutsche Bank increased their price target on shares of General Electric from $11.00 to $12.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Finally, Zacks Investment Research raised shares of General Electric from a “sell” rating to a “hold” rating and set a $10.00 price target on the stock in a report on Friday, November 1st. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. General Electric has an average rating of “Hold” and a consensus price target of $10.69.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in General Electric by 1.4% in the second quarter. Vanguard Group Inc. now owns 648,159,140 shares of the conglomerate’s stock valued at $6,805,671,000 after purchasing an additional 8,989,832 shares in the last quarter. BlackRock Inc. grew its position in General Electric by 1.9% during the second quarter. BlackRock Inc. now owns 512,742,827 shares of the conglomerate’s stock valued at $5,383,800,000 after acquiring an additional 9,483,976 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in General Electric by 26.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 365,565,828 shares of the conglomerate’s stock valued at $3,838,441,000 after acquiring an additional 76,193,032 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its position in General Electric by 0.3% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 112,158,363 shares of the conglomerate’s stock valued at $1,177,663,000 after acquiring an additional 364,061 shares during the last quarter. Finally, Northern Trust Corp grew its position in General Electric by 0.5% during the second quarter. Northern Trust Corp now owns 102,577,946 shares of the conglomerate’s stock valued at $1,077,069,000 after acquiring an additional 498,587 shares during the last quarter. 60.22% of the stock is currently owned by institutional investors and hedge funds.

Shares of General Electric stock traded down $0.10 on Friday, reaching $11.34. The stock had a trading volume of 49,339,511 shares, compared to its average volume of 42,478,568. General Electric has a 1 year low of $6.77 and a 1 year high of $11.84. The company has a market cap of $95.81 billion, a P/E ratio of 17.45, a price-to-earnings-growth ratio of 2.66 and a beta of 1.17. The company has a current ratio of 1.84, a quick ratio of 1.60 and a debt-to-equity ratio of 2.67. The business’s 50 day moving average is $10.90 and its two-hundred day moving average is $9.82.

The business also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Monday, December 23rd will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date is Friday, December 20th. 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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