General Electric (NYSE:GE) Earning Neutral Press Coverage, Analysis Finds

Media headlines about General Electric (NYSE:GE) have trended neutral this week, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of press coverage by analyzing more than 6,000 blog and news sources in real time. The firm ranks coverage of 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 0.43 on their scale. InfoTrie also assigned media stories about the conglomerate an news buzz score of 6 out of 10, meaning that recent press coverage is somewhat likely to have an impact on the stock’s share price in the near future.

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

Shares of GE stock traded up $0.23 during trading hours on Friday, reaching $9.35. 51,509,079 shares of the company traded hands, compared to its average volume of 62,562,964. General Electric has a 12-month low of $6.66 and a 12-month high of $15.59. The company has a quick ratio of 1.52, a current ratio of 1.81 and a debt-to-equity ratio of 1.85. The stock has a market cap of $81.18 billion, a P/E ratio of 14.38, a PEG ratio of 3.79 and a beta of 0.99.

General Electric (NYSE:GE) last posted its quarterly earnings data on Thursday, January 31st. The conglomerate reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.01). General Electric had a negative net margin of 18.38% and a positive return on equity of 9.85%. The company had revenue of $33.28 billion for the quarter, compared to analysts’ expectations of $32.01 billion. On average, equities research analysts expect that General Electric will post 0.58 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Monday, March 11th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, March 8th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.43%. General Electric’s payout ratio is currently 6.15%.

Several research firms recently commented on GE. Deutsche Bank increased their price objective on General Electric from $8.00 to $11.00 and gave the company a “positive” rating in a research report on Monday, February 25th. They noted that the move was a valuation call. Cowen reissued a “hold” rating and issued a $8.00 target price on shares of General Electric in a research report on Tuesday, February 26th. Gabelli reissued a “buy” rating on shares of General Electric in a research report on Tuesday, February 26th. Bank of America reissued a “hold” rating and issued a $11.00 target price on shares of General Electric in a research report on Thursday, January 31st. Finally, Zacks Investment Research cut General Electric from a “hold” rating to a “sell” rating in a research report on Tuesday, March 19th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $12.39.

In related news, insider Russell Stokes sold 49,904 shares of General Electric stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $9.93, for a total transaction of $495,546.72. Following the sale, the insider now owns 265,986 shares of the company’s stock, valued at approximately $2,641,240.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.13% of the stock is currently owned by company insiders.

COPYRIGHT VIOLATION WARNING: “General Electric (NYSE:GE) Earning Neutral Press Coverage, Analysis Finds” was originally published by Baseball Daily News and is the property of of Baseball Daily News. If you are viewing this piece of content on another website, it was copied illegally and republished in violation of international copyright & trademark legislation. The original version of this piece of content can be accessed at https://www.baseballdailydigest.com/news/2019/04/21/general-electric-ge-receives-media-sentiment-score-of-0-43.html.

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.

Featured Article: What are Closed-End Mutual Funds?

Insider Buying and Selling by Quarter for General Electric (NYSE:GE)

Receive News & Ratings for General Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Electric and related companies with MarketBeat.com's FREE daily email newsletter.