General Electric (NYSE:GE – Get Free Report) announced its earnings results on Tuesday. The conglomerate reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.17, RTT News reports. General Electric had a net margin of 13.95% and a return on equity of 10.88%. The business had revenue of $16.10 billion during the quarter, compared to the consensus estimate of $15.25 billion. During the same quarter last year, the firm earned $0.27 earnings per share. General Electric’s quarterly revenue was up 11.1% on a year-over-year basis.
General Electric Price Performance
Shares of NYSE:GE opened at $150.19 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 1.18 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $164.20 billion, a PE ratio of 17.94, a P/E/G ratio of 2.92 and a beta of 1.29. General Electric has a twelve month low of $76.87 and a twelve month high of $158.68. The company has a 50-day moving average price of $159.52 and a two-hundred day moving average price of $135.03.
General Electric Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Monday, April 15th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Friday, April 12th. This is a positive change from General Electric’s previous quarterly dividend of $0.08. General Electric’s dividend payout ratio (DPR) is currently 13.38%.
Insiders Place Their Bets
Analysts Set New Price Targets
A number of equities analysts recently weighed in on the stock. Bank of America lowered their target price on shares of General Electric from $175.00 to $165.00 and set a “buy” rating for the company in a research note on Monday, April 8th. Barclays reduced their price target on shares of General Electric from $181.00 to $175.00 and set an “overweight” rating for the company in a report on Wednesday, April 3rd. TheStreet upgraded shares of General Electric from a “c+” rating to a “b+” rating in a report on Tuesday, January 23rd. Royal Bank of Canada reduced their price target on shares of General Electric from $180.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, April 4th. Finally, StockNews.com assumed coverage on shares of General Electric in a report on Sunday. They issued a “hold” rating for the company. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $160.07.
Check Out Our Latest Report on General Electric
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.
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