General Dynamics Corp. (GD) Announces Quarterly Earnings Results, Beats Estimates By $0.02 EPS
General Dynamics Corp. (NYSE:GD) announced its earnings results on Wednesday. The company reported $1.70 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.68 by $0.02, StockRatingsNetwork.com reports. The company had revenue of $7.93 billion for the quarter, compared to the consensus estimate of $7.76 billion.
General Dynamics Corp. (NYSE:GD) opened at 88.16 on Wednesday. General Dynamics Corp. has a 52-week low of $61.70 and a 52-week high of $87.85. The stock has a 50-day moving average of $85.3 and a 200-day moving average of $77.2. The company’s market cap is $30.954 billion.
A number of research firms have recently commented on GD. Analysts at UBS AG reiterated a “buy” rating on shares of General Dynamics Corp. in a research note to investors on Wednesday, October 9th. They now have a $100.00 price target on the stock. On the ratings front, analysts at Deutsche Bank cut their price target on shares of General Dynamics Corp. from $97.00 to $95.00 in a research note to investors on Wednesday, October 9th. They now have a “buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of General Dynamics Corp. in a research note to investors on Friday, September 6th. They now have a $89.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $92.14.
General Dynamics Corporation is an aerospace and defense company that offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; military and commercial shipbuilding, and communications and information technology.
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