General Electric (NYSE:GE) Issues Quarterly Earnings Results

General Electric (NYSE:GE - Get Free Report) announced its quarterly earnings data on Thursday. The conglomerate reported $1.32 earnings per share for the quarter, beating analysts' consensus estimates of $1.05 by $0.27, Zacks reports. General Electric had a return on equity of 18.93% and a net margin of 11.48%. General Electric updated its FY 2025 guidance to 5.100-5.450 EPS.

General Electric Stock Up 6.5 %

Shares of NYSE:GE traded up $12.30 during trading on Thursday, hitting $200.66. The company's stock had a trading volume of 14,394,800 shares, compared to its average volume of 6,436,080. The company has a market capitalization of $217.17 billion, a PE ratio of 35.26, a P/E/G ratio of 1.53 and a beta of 1.19. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.85 and a current ratio of 1.13. General Electric has a fifty-two week low of $101.16 and a fifty-two week high of $207.65. The business has a 50 day moving average price of $174.49 and a two-hundred day moving average price of $174.59.

General Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be given a $0.28 dividend. The ex-dividend date is Friday, December 27th. This represents a $1.12 annualized dividend and a yield of 0.56%. General Electric's dividend payout ratio is presently 19.68%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on shares of General Electric from $235.00 to $228.00 and set a "buy" rating on the stock in a research note on Thursday, January 2nd. Bank of America lifted their price objective on General Electric from $180.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Wells Fargo & Company upped their target price on General Electric from $210.00 to $225.00 and gave the company an "overweight" rating in a report on Wednesday, December 11th. Royal Bank of Canada reissued an "outperform" rating and set a $200.00 price target on shares of General Electric in a research report on Wednesday. Finally, Northcoast Research started coverage on shares of General Electric in a report on Tuesday, January 7th. They issued a "neutral" rating for the company. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $201.47.

Insider Activity at General Electric

In other news, SVP Russell Stokes sold 15,550 shares of the company's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $178.29, for a total value of $2,772,409.50. Following the completion of the transaction, the senior vice president now owns 148,857 shares in the company, valued at approximately $26,539,714.53. This represents a 9.46 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Riccardo Procacci sold 7,000 shares of General Electric stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total transaction of $1,267,910.00. Following the sale, the senior vice president now owns 13,289 shares in the company, valued at $2,407,036.57. This represents a 34.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by company insiders.

About General Electric

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa.