General Electric (GE) to Release Earnings on Tuesday

General Electric (NYSE:GE - Get Free Report) will issue its quarterly earnings data before the market opens on Tuesday, October 22nd. Analysts expect the company to announce earnings of $1.11 per share for the quarter. General Electric has set its FY24 guidance at $3.95-4.20 EPS and its FY 2024 guidance at 3.950-4.200 EPS.Parties that are interested in registering for the company's conference call can do so using this link.

General Electric (NYSE:GE - Get Free Report) last issued its quarterly earnings data on Tuesday, July 23rd. The conglomerate reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.21. General Electric had a return on equity of 16.07% and a net margin of 7.66%. The business had revenue of $9.09 billion for the quarter, compared to analysts' expectations of $8.44 billion. During the same period last year, the business earned $0.68 EPS. The business's revenue was up 3.9% on a year-over-year basis. On average, analysts expect General Electric to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

General Electric Stock Down 1.1 %

Shares of NYSE GE traded down $2.06 during trading on Tuesday, hitting $190.57. The stock had a trading volume of 3,811,382 shares, compared to its average volume of 6,386,186. The firm has a fifty day moving average of $176.30 and a two-hundred day moving average of $166.63. The company has a market capitalization of $208.60 billion, a PE ratio of 62.44, a PEG ratio of 1.86 and a beta of 1.18. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.14 and a quick ratio of 0.85. General Electric has a 12 month low of $84.42 and a 12 month high of $194.33.

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General Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Thursday, September 26th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend is Thursday, September 26th. General Electric's dividend payout ratio (DPR) is presently 36.72%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on GE shares. Sanford C. Bernstein lifted their target price on shares of General Electric from $201.00 to $225.00 and gave the stock an "outperform" rating in a research report on Monday. Barclays boosted their price objective on General Electric from $175.00 to $200.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 30th. Citigroup raised their target price on General Electric from $198.00 to $216.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of General Electric from $212.00 to $235.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. Finally, Royal Bank of Canada raised their price objective on shares of General Electric from $175.00 to $190.00 and gave the stock an "outperform" rating in a report on Wednesday, July 24th. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $196.86.

General Electric Company Profile

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.