GE Vernova (GEV) to Release Quarterly Earnings on Wednesday

GE Vernova (NYSE:GEV - Get Free Report) is anticipated to post its quarterly earnings results before the market opens on Wednesday, April 23rd. Analysts expect GE Vernova to post earnings of $0.45 per share and revenue of $7.56 billion for the quarter. Individual interested in participating in the company's earnings conference call can do so using this link.

GE Vernova (NYSE:GEV - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The company reported $1.73 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.30 by ($0.57). The company had revenue of $10.56 billion during the quarter, compared to analyst estimates of $10.70 billion. GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. The firm's revenue was up 5.1% on a year-over-year basis. On average, analysts expect GE Vernova to post $7 EPS for the current fiscal year and $11 EPS for the next fiscal year.

GE Vernova Price Performance

Shares of GEV stock traded down $5.36 during trading on Friday, hitting $322.81. 2,859,246 shares of the stock traded hands, compared to its average volume of 3,362,406. The firm has a market capitalization of $88.24 billion and a P/E ratio of 58.06. The firm's fifty day moving average price is $321.67 and its 200-day moving average price is $330.15. GE Vernova has a 52-week low of $132.11 and a 52-week high of $447.50.

GE Vernova Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, April 18th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date of this dividend is Thursday, April 17th. GE Vernova's payout ratio is 17.99%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in GE Vernova stock. Brighton Jones LLC boosted its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 29.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,315 shares of the company's stock after purchasing an additional 753 shares during the period. Brighton Jones LLC's holdings in GE Vernova were worth $1,091,000 at the end of the most recent reporting period.

Wall Street Analysts Forecast Growth

GEV has been the subject of a number of research reports. Susquehanna began coverage on GE Vernova in a research note on Wednesday, April 2nd. They issued a "positive" rating and a $370.00 price objective for the company. Jefferies Financial Group lifted their target price on GE Vernova from $391.00 to $413.00 and gave the company a "buy" rating in a research report on Thursday, March 27th. Guggenheim reiterated a "buy" rating and set a $380.00 price target on shares of GE Vernova in a research note on Thursday. Royal Bank of Canada lowered their price objective on shares of GE Vernova from $453.00 to $445.00 and set an "outperform" rating for the company in a research note on Tuesday, March 18th. Finally, Marathon Capitl raised shares of GE Vernova to a "strong-buy" rating in a research note on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat, GE Vernova presently has an average rating of "Moderate Buy" and a consensus target price of $357.13.

GE Vernova Company Profile

GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions.