Brokerages Expect General Electric (GE) to Announce $0.21 EPS

Equities analysts predict that General Electric (NYSE:GE) will report earnings of $0.21 per share for the current quarter, according to Zacks. Four analysts have issued estimates for General Electric’s earnings, with the highest EPS estimate coming in at $0.24 and the lowest estimate coming in at $0.20. General Electric reported earnings per share of $0.29 during the same quarter last year, which would suggest a negative year-over-year growth rate of 27.6%. The company is scheduled to report its next earnings results before the market opens on Tuesday, October 30th.

According to Zacks, analysts expect that General Electric will report full year earnings of $0.94 per share for the current financial year, with EPS estimates ranging from $0.90 to $1.00. For the next year, analysts expect that the company will post earnings of $0.96 per share, with EPS estimates ranging from $0.75 to $1.15. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for General Electric.

GE has been the subject of several recent research reports. UBS Group lowered shares of General Electric to an “add” rating and set a $23.00 target price for the company. in a research report on Tuesday, October 2nd. Gabelli restated a “buy” rating on shares of General Electric in a research report on Wednesday, July 18th. Citigroup cut their target price on shares of General Electric from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Friday, June 29th. Morningstar set a $15.70 target price on shares of General Electric and gave the company a “buy” rating in a research report on Monday, August 13th. Finally, Deutsche Bank set a $15.00 target price on shares of General Electric and gave the company a “hold” rating in a research report on Monday, July 23rd. Five equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. General Electric presently has an average rating of “Hold” and an average price target of $15.94.



Institutional investors and hedge funds have recently bought and sold shares of the business. Fusion Family Wealth LLC boosted its position in shares of General Electric by 153.3% during the second quarter. Fusion Family Wealth LLC now owns 8,264 shares of the conglomerate’s stock worth $112,000 after acquiring an additional 5,002 shares during the last quarter. Mount Yale Investment Advisors LLC bought a new position in shares of General Electric during the first quarter worth $116,000. Beech Hill Advisors Inc. bought a new position in shares of General Electric during the third quarter worth $119,000. Archford Capital Strategies LLC bought a new position in shares of General Electric during the first quarter worth $121,000. Finally, Barry Investment Advisors LLC bought a new position in shares of General Electric during the third quarter worth $128,000. Institutional investors and hedge funds own 53.75% of the company’s stock.

NYSE GE traded down $0.50 during trading hours on Friday, hitting $11.30. 117,565,609 shares of the company’s stock traded hands, compared to its average volume of 77,083,039. The company has a current ratio of 1.81, a quick ratio of 1.51 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $107.49 billion, a price-to-earnings ratio of 10.76, a price-to-earnings-growth ratio of 2.42 and a beta of 0.96. General Electric has a 52 week low of $11.17 and a 52 week high of $21.30.

The company also recently declared a quarterly dividend, which was paid on Thursday, October 25th. Shareholders of record on Monday, September 17th were given a $0.12 dividend. The ex-dividend date was Friday, September 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.25%. General Electric’s payout ratio is currently 45.71%.

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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