General Dynamics Corp. (GD) Issues FY14 Earnings Guidance
General Dynamics Corp. (NYSE:GD) issued an update on its FY14 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $6.80-6.85 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $7.23, Analyst RN reports. The company issued revenue guidance of ~$30 billion, compared to the consensus revenue estimate of $30.92 billion.
GD has been the subject of a number of recent research reports. Analysts at Sterne Agee raised their price target on shares of General Dynamics Corp. from $100.00 to $120.00 in a research note to investors on Tuesday, January 14th. On a related note, analysts at CRT Capital upgraded shares of General Dynamics Corp. from a sell rating to a fair value rating in a research note to investors on Wednesday, December 11th. They now have a $89.00 price target on the stock, up previously from $54.00. Finally, analysts at RBC Capital raised their price target on shares of General Dynamics Corp. from $102.00 to $109.00 in a research note to investors on Tuesday, December 10th. They now have an outperform rating on the stock. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. General Dynamics Corp. presently has an average rating of Buy and a consensus target price of $98.43.
General Dynamics Corp. (NYSE:GD) traded up 3.49% on Wednesday, hitting $98.63. The stock had a trading volume of 3,739,450 shares. General Dynamics Corp. has a 52-week low of $64.47 and a 52-week high of $96.87. The stock’s 50-day moving average is $93.24 and its 200-day moving average is $88.12. The company’s market cap is $34.455 billion.
General Dynamics Corp. (NYSE:GD) last issued its quarterly earnings data on Wednesday, January 22nd. The company reported $1.76 earnings per share for the quarter, meeting the analysts’ consensus estimate of $1.76. The company had revenue of $8.08 billion for the quarter, compared to the consensus estimate of $8.01 billion. During the same quarter in the previous year, the company posted $1.39 earnings per share. The company’s revenue for the quarter was up .4% on a year-over-year basis. Analysts expect that General Dynamics Corp. will post $7.03 EPS for the current fiscal year.
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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