GE Aerospace (NYSE:GE) Posts Earnings Results, Beats Expectations By $0.20 EPS

GE Aerospace (NYSE:GE - Get Free Report) released its quarterly earnings results on Tuesday. The company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.20, Zacks reports. GE Aerospace had a return on equity of 22.19% and a net margin of 14.31%. The firm had revenue of $9.94 billion for the quarter, compared to analysts' expectations of $9.06 billion. GE Aerospace updated its FY 2025 guidance to 5.100-5.450 EPS.

GE Aerospace Price Performance

Shares of GE traded up $1.14 during midday trading on Friday, hitting $198.55. 4,390,590 shares of the company traded hands, compared to its average volume of 5,401,832. The stock has a market cap of $213.10 billion, a price-to-earnings ratio of 33.15, a PEG ratio of 2.59 and a beta of 1.04. The firm has a 50 day moving average of $194.59 and a 200-day moving average of $186.61. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. GE Aerospace has a 52 week low of $150.20 and a 52 week high of $214.21.

GE Aerospace Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be issued a $0.36 dividend. This is an increase from GE Aerospace's previous quarterly dividend of $0.28. This represents a $1.44 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date is Monday, March 10th. GE Aerospace's payout ratio is currently 22.40%.

Wall Street Analyst Weigh In

GE has been the topic of a number of research reports. Royal Bank of Canada reissued an "outperform" rating and issued a $220.00 price objective on shares of GE Aerospace in a report on Wednesday. Citigroup cut their price objective on shares of GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Wells Fargo & Company raised their target price on GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a report on Thursday. JPMorgan Chase & Co. boosted their price target on GE Aerospace from $190.00 to $210.00 and gave the company an "overweight" rating in a report on Friday, January 24th. Finally, Redburn Atlantic began coverage on GE Aerospace in a research note on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $216.92.

Institutional Investors Weigh In On GE Aerospace

An institutional investor recently raised its position in GE Aerospace stock. Revolve Wealth Partners LLC grew its position in shares of GE Aerospace (NYSE:GE - Free Report) by 7.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,251 shares of the company's stock after acquiring an additional 150 shares during the quarter. Revolve Wealth Partners LLC's holdings in GE Aerospace were worth $375,000 at the end of the most recent reporting period. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

GE Aerospace Company Profile

GE Aerospace (also known as General Electric) is a company that specializes in providing aerospace products and services. It operates through two reportable segments: Commercial Engines and Services and Defense and Propulsion Technologies. It offers jet and turboprop engines, as well as integrated systems for commercial, military, business, and general aviation aircraft.