General Dynamics (GD) to Release Earnings on Wednesday

General Dynamics (NYSE:GDGet Rating) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, January 25th. Analysts expect General Dynamics to post earnings of $3.53 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

General Dynamics (NYSE:GDGet Rating) last released its earnings results on Wednesday, October 26th. The aerospace company reported $3.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.16 by $0.10. General Dynamics had a net margin of 8.62% and a return on equity of 18.96%. The company had revenue of $9.98 billion for the quarter, compared to the consensus estimate of $9.93 billion. During the same period in the prior year, the company posted $3.07 EPS. The company’s revenue was up 4.3% compared to the same quarter last year. On average, analysts expect General Dynamics to post $12 EPS for the current fiscal year and $14 EPS for the next fiscal year.

General Dynamics Trading Up 1.3 %

General Dynamics stock traded up $3.00 during trading hours on Tuesday, reaching $235.45. 1,394,599 shares of the company’s stock traded hands, compared to its average volume of 1,211,080. The firm has a market capitalization of $64.64 billion, a price-to-earnings ratio of 19.60, a PEG ratio of 1.95 and a beta of 0.88. The firm’s 50 day moving average is $246.64 and its 200-day moving average is $236.41. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.94 and a current ratio of 1.34. General Dynamics has a fifty-two week low of $200.79 and a fifty-two week high of $256.86.

General Dynamics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 10th. Investors of record on Friday, January 20th will be given a $1.26 dividend. The ex-dividend date of this dividend is Thursday, January 19th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 2.14%. General Dynamics’s dividend payout ratio is 41.97%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on GD shares. Royal Bank of Canada raised their price objective on shares of General Dynamics from $270.00 to $275.00 in a report on Thursday, October 27th. Bank of America raised their price objective on shares of General Dynamics from $286.00 to $325.00 in a report on Friday, October 28th. Credit Suisse Group dropped their price objective on shares of General Dynamics from $243.00 to $240.00 and set a “neutral” rating on the stock in a report on Thursday, January 19th. Wolfe Research started coverage on shares of General Dynamics in a report on Monday, October 10th. They set an “outperform” rating and a $265.00 price objective on the stock. Finally, Cowen raised their price objective on shares of General Dynamics to $260.00 in a report on Thursday, October 27th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, General Dynamics has an average rating of “Moderate Buy” and a consensus target price of $273.64.

Institutional Trading of General Dynamics

Institutional investors and hedge funds have recently made changes to their positions in the company. Certified Advisory Corp bought a new stake in shares of General Dynamics during the 1st quarter worth approximately $25,000. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its holdings in shares of General Dynamics by 158.9% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 233 shares of the aerospace company’s stock worth $56,000 after acquiring an additional 143 shares during the period. Zions Bancorporation N.A. increased its position in General Dynamics by 294.2% during the 1st quarter. Zions Bancorporation N.A. now owns 540 shares of the aerospace company’s stock worth $130,000 after purchasing an additional 403 shares in the last quarter. IHT Wealth Management LLC acquired a new position in General Dynamics during the 1st quarter worth approximately $217,000. Finally, Nations Financial Group Inc. IA ADV acquired a new position in General Dynamics during the 1st quarter worth approximately $218,000. Institutional investors own 84.83% of the company’s stock.

About General Dynamics

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General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment designs, manufactures, and sells business jets; and offers aircraft maintenance and repair, management, charter, aircraft-on-ground support and completion, staffing, and fixed-base operator services.

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Earnings History for General Dynamics (NYSE:GD)

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