$0.12 Earnings Per Share Expected for General Electric (NYSE:GE) This Quarter

Analysts predict that General Electric (NYSE:GE) will report $0.12 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for General Electric’s earnings. The highest EPS estimate is $0.13 and the lowest is $0.10. General Electric reported earnings of $0.19 per share in the same quarter last year, which indicates a negative year over year growth rate of 36.8%. The company is scheduled to announce its next quarterly earnings report on Friday, July 19th.

On average, analysts expect that General Electric will report full-year earnings of $0.61 per share for the current fiscal year, with EPS estimates ranging from $0.54 to $0.66. For the next fiscal year, analysts expect that the company will post earnings of $0.73 per share, with EPS estimates ranging from $0.65 to $0.80. Zacks’ EPS calculations are an average based on a survey of research analysts that cover General Electric.

General Electric (NYSE:GE) last issued its earnings results on Tuesday, April 30th. The conglomerate reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.05. General Electric had a negative net margin of 14.65% and a positive return on equity of 10.32%. The company had revenue of $27.29 billion for the quarter, compared to analyst estimates of $27.31 billion. During the same period in the prior year, the business posted $0.16 earnings per share. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year.

Several research analysts have weighed in on GE shares. Barclays upped their target price on shares of General Electric from $12.00 to $13.00 and gave the stock an “overweight” rating in a research report on Monday, March 4th. Vertical Research downgraded shares of General Electric from a “buy” rating to a “hold” rating and set a $11.00 price objective on the stock. in a research note on Thursday, January 31st. William Blair reissued a “buy” rating on shares of General Electric in a research note on Saturday, February 2nd. JPMorgan Chase & Co. reissued a “neutral” rating and set a $10.16 price objective (up previously from $1.06) on shares of General Electric in a research note on Friday, February 1st. Finally, ValuEngine downgraded shares of General Electric from a “hold” rating to a “sell” rating in a research note on Friday, March 1st. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $12.33.

Shares of GE opened at $10.00 on Wednesday. The company has a current ratio of 1.77, a quick ratio of 1.50 and a debt-to-equity ratio of 1.62. General Electric has a twelve month low of $6.66 and a twelve month high of $15.59. The stock has a market cap of $86.83 billion, a price-to-earnings ratio of 15.38, a P/E/G ratio of 2.30 and a beta of 0.99.

In other General Electric news, insider Russell Stokes sold 49,904 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $9.93, for a total transaction of $495,546.72. Following the transaction, the insider now owns 265,986 shares of the company’s stock, valued at $2,641,240.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.13% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Bridgewater Associates LP purchased a new position in shares of General Electric in the 3rd quarter valued at $22,723,000. Cornell Pochily Investment Advisors Inc. raised its stake in shares of General Electric by 114.2% in the 4th quarter. Cornell Pochily Investment Advisors Inc. now owns 32,487 shares of the conglomerate’s stock valued at $246,000 after acquiring an additional 17,317 shares during the period. National Pension Service raised its stake in shares of General Electric by 0.3% in the 3rd quarter. National Pension Service now owns 7,744,745 shares of the conglomerate’s stock valued at $87,438,000 after acquiring an additional 22,956 shares during the period. Griffin Asset Management Inc. raised its stake in shares of General Electric by 2.7% in the 3rd quarter. Griffin Asset Management Inc. now owns 219,449 shares of the conglomerate’s stock valued at $2,478,000 after acquiring an additional 5,801 shares during the period. Finally, Virtu Financial LLC raised its stake in shares of General Electric by 42.9% in the 4th quarter. Virtu Financial LLC now owns 440,515 shares of the conglomerate’s stock valued at $3,335,000 after acquiring an additional 132,151 shares during the period. 57.73% of the stock is currently owned by institutional investors and hedge funds.

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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Earnings History and Estimates for General Electric (NYSE:GE)

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