Wall Street brokerages forecast that General Dynamics Corporation (NYSE:GD) will report $2.43 earnings per share (EPS) for the current quarter, according to Zacks. Five analysts have made estimates for General Dynamics Corporation’s earnings. The lowest EPS estimate is $2.31 and the highest is $2.65. General Dynamics Corporation reported earnings of $2.44 per share in the same quarter last year, which indicates a negative year over year growth rate of 0.4%. The firm is expected to report its next earnings results on Wednesday, July 26th.

According to Zacks, analysts expect that General Dynamics Corporation will report full-year earnings of $9.79 per share for the current fiscal year, with EPS estimates ranging from $9.51 to $10.00. For the next financial year, analysts expect that the company will post earnings of $10.62 per share, with EPS estimates ranging from $10.40 to $11.10. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow General Dynamics Corporation.

General Dynamics Corporation (NYSE:GD) last announced its earnings results on Wednesday, April 26th. The aerospace company reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.32 by $0.16. The firm had revenue of $7.44 billion during the quarter, compared to analysts’ expectations of $7.70 billion. General Dynamics Corporation had a return on equity of 28.22% and a net margin of 9.66%. The business’s revenue was down .5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.08 EPS.

Several analysts recently weighed in on GD shares. Jefferies Group LLC reissued a “buy” rating and issued a $200.00 price objective on shares of General Dynamics Corporation in a report on Tuesday, April 18th. ValuEngine raised General Dynamics Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Royal Bank Of Canada reissued a “buy” rating and issued a $220.00 price objective on shares of General Dynamics Corporation in a report on Friday, June 2nd. Vetr lowered General Dynamics Corporation from a “buy” rating to a “hold” rating and set a $192.89 price objective for the company. in a report on Tuesday, February 28th. Finally, Zacks Investment Research raised General Dynamics Corporation from a “sell” rating to a “hold” rating in a report on Thursday, April 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. General Dynamics Corporation presently has a consensus rating of “Buy” and an average target price of $198.98.

In other news, Director Mary T. Barra sold 9,860 shares of the business’s stock in a transaction that occurred on Friday, March 24th. The stock was sold at an average price of $188.07, for a total transaction of $1,854,370.20. Following the completion of the transaction, the director now directly owns 11,636 shares in the company, valued at $2,188,382.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Christopher Marzilli sold 43,890 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $201.37, for a total value of $8,838,129.30. Following the transaction, the vice president now owns 107,857 shares of the company’s stock, valued at $21,719,164.09. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 75,376 shares of company stock valued at $14,776,523. Insiders own 6.70% of the company’s stock.

Several institutional investors have recently modified their holdings of GD. Vanguard Group Inc. increased its position in shares of General Dynamics Corporation by 4.7% in the first quarter. Vanguard Group Inc. now owns 19,799,817 shares of the aerospace company’s stock valued at $3,706,525,000 after buying an additional 894,177 shares in the last quarter. BlackRock Inc. increased its position in shares of General Dynamics Corporation by 2,645.5% in the first quarter. BlackRock Inc. now owns 15,509,344 shares of the aerospace company’s stock valued at $2,903,351,000 after buying an additional 14,944,453 shares in the last quarter. State Street Corp increased its position in shares of General Dynamics Corporation by 3.5% in the fourth quarter. State Street Corp now owns 13,342,687 shares of the aerospace company’s stock valued at $2,303,763,000 after buying an additional 445,412 shares in the last quarter. FMR LLC increased its position in shares of General Dynamics Corporation by 1.5% in the fourth quarter. FMR LLC now owns 10,069,960 shares of the aerospace company’s stock valued at $1,738,678,000 after buying an additional 152,930 shares in the last quarter. Finally, Janus Capital Management LLC increased its position in shares of General Dynamics Corporation by 22.1% in the first quarter. Janus Capital Management LLC now owns 4,148,390 shares of the aerospace company’s stock valued at $776,563,000 after buying an additional 749,793 shares in the last quarter. Institutional investors and hedge funds own 87.20% of the company’s stock.

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Shares of General Dynamics Corporation (NYSE GD) traded up 0.90% during mid-day trading on Monday, hitting $204.49. The company had a trading volume of 103,264 shares. The stock has a market cap of $61.71 billion, a price-to-earnings ratio of 20.51 and a beta of 0.70. General Dynamics Corporation has a 52-week low of $132.68 and a 52-week high of $205.07. The stock’s 50-day moving average is $197.98 and its 200-day moving average is $187.08.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 11th. Stockholders of record on Friday, July 7th will be given a dividend of $0.84 per share. The ex-dividend date is Wednesday, July 5th. This represents a $3.36 annualized dividend and a dividend yield of 1.66%. General Dynamics Corporation’s dividend payout ratio is presently 34.60%.

About General Dynamics Corporation

General Dynamics Corporation is a global aerospace and defense company. The Company offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; information technology (IT) services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions, and shipbuilding and ship repair.

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