General Electric (NYSE:GE) released its quarterly earnings results on Monday. The conglomerate reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.01), MarketWatch Earnings reports. General Electric had a return on equity of 5.37% and a net margin of 4.52%. The firm had revenue of $21.93 billion during the quarter, compared to analysts’ expectations of $21.62 billion. During the same period in the prior year, the firm posted $0.21 earnings per share. General Electric’s revenue for the quarter was down 16.4% compared to the same quarter last year.
NYSE GE traded up $0.09 on Wednesday, reaching $11.38. 147,613,736 shares of the company’s stock traded hands, compared to its average volume of 87,185,398. The firm has a market cap of $99.69 billion, a price-to-earnings ratio of 31.61, a P/E/G ratio of 8.61 and a beta of 1.06. The stock has a 50 day moving average price of $11.06 and a 200-day moving average price of $8.29. General Electric has a fifty-two week low of $5.48 and a fifty-two week high of $13.26. The company has a debt-to-equity ratio of 2.10, a quick ratio of 2.04 and a current ratio of 2.31.
The firm also recently announced a quarterly dividend, which was paid on Monday, January 25th. Investors of record on Monday, December 21st were given a dividend of $0.01 per share. The ex-dividend date was Friday, December 18th. This represents a $0.04 dividend on an annualized basis and a yield of 0.35%. General Electric’s dividend payout ratio is presently 6.15%.
General Electric Company Profile
General Electric Company operates as a high-tech industrial company in the United States, Europe, Asia, the Americas, the Middle East, and Africa. It operates through Power, Renewable Energy, Aviation, Healthcare, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, generators, and power generation services.
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