General Electric (NYSE:GE) Earning Extremely Critical Media Coverage, Analysis Finds

Press coverage about General Electric (NYSE:GE) has trended extremely negative on Saturday, according to InfoTrie. InfoTrie rates the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. General Electric earned a media sentiment score of -4.00 on their scale. InfoTrie also gave news stories about the conglomerate an news buzz score of 0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock’s share price in the near future.

These are some of the news stories that may have impacted General Electric’s ranking:

Several research analysts recently commented on the stock. William Blair restated a “buy” rating on shares of General Electric in a report on Tuesday. Zacks Investment Research raised General Electric from a “sell” rating to a “hold” rating and set a $10.00 price target on the stock in a research report on Friday, November 1st. ValuEngine lowered General Electric from a “hold” rating to a “sell” rating in a research report on Tuesday. JPMorgan Chase & Co. set a $5.00 price objective on General Electric and gave the stock an “underweight” rating in a research note on Friday, November 1st. Finally, Morgan Stanley initiated coverage on General Electric in a report on Thursday, September 5th. They issued an “equal weight” rating and a $10.00 price objective for the company. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. General Electric currently has an average rating of “Hold” and an average target price of $10.42.

General Electric stock traded up $0.31 during midday trading on Friday, reaching $11.10. 50,311,868 shares of the company’s stock were exchanged, compared to its average volume of 71,469,969. The stock’s 50-day simple moving average is $10.60 and its 200 day simple moving average is $9.77. The firm has a market cap of $96.94 billion, a price-to-earnings ratio of 17.08, a P/E/G ratio of 2.74 and a beta of 1.17. The company has a debt-to-equity ratio of 2.67, a quick ratio of 1.60 and a current ratio of 1.84. General Electric has a 52 week low of $6.66 and a 52 week high of $11.84.

General Electric (NYSE:GE) last released its quarterly earnings data on Wednesday, October 30th. The conglomerate reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.03. General Electric had a positive return on equity of 11.69% and a negative net margin of 4.39%. The firm had revenue of $23.36 billion for the quarter, compared to analyst estimates of $22.93 billion. During the same quarter in the prior year, the company earned $0.14 earnings per share. The business’s revenue for the quarter was down .1% compared to the same quarter last year. Research analysts forecast that General Electric will post 0.61 earnings per share for the current year.

The firm also recently declared 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 0.36%. The ex-dividend date of this dividend is Friday, December 20th. General Electric’s dividend payout ratio (DPR) is presently 6.15%.

About General Electric

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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