Wall Street brokerages forecast that Goldman Sachs Group, Inc. (The) (NYSE:GS) will announce sales of $7.66 billion for the current quarter, according to Zacks. Three analysts have provided estimates for Goldman Sachs Group, Inc. (The)’s earnings. The lowest sales estimate is $7.33 billion and the highest is $8.00 billion. Goldman Sachs Group, Inc. (The) reported sales of $8.17 billion in the same quarter last year, which would suggest a negative year-over-year growth rate of 6.2%. The company is scheduled to report its next quarterly earnings report before the market opens on Tuesday, October 17th.

On average, analysts expect that Goldman Sachs Group, Inc. (The) will report full year sales of $7.66 billion for the current financial year, with estimates ranging from $30.48 billion to $31.65 billion. For the next fiscal year, analysts anticipate that the company will report sales of $32.30 billion per share, with estimates ranging from $30.83 billion to $33.60 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Goldman Sachs Group, Inc. (The).

Goldman Sachs Group, Inc. (The) (NYSE:GS) last posted its quarterly earnings results on Tuesday, July 18th. The investment management company reported $3.95 EPS for the quarter, beating the consensus estimate of $3.39 by $0.56. The business had revenue of $7.89 billion during the quarter, compared to analysts’ expectations of $7.47 billion. Goldman Sachs Group, Inc. (The) had a return on equity of 11.27% and a net margin of 26.44%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same period last year, the firm earned $3.72 EPS.

A number of brokerages recently issued reports on GS. Royal Bank Of Canada reissued a “hold” rating and issued a $240.00 price objective on shares of Goldman Sachs Group, Inc. (The) in a report on Thursday, August 31st. Zacks Investment Research raised Goldman Sachs Group, Inc. (The) from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. HSBC Holdings plc lowered Goldman Sachs Group, Inc. (The) from a “buy” rating to a “hold” rating and increased their price objective for the stock from $223.80 to $250.00 in a report on Friday, August 11th. Wells Fargo & Company started coverage on Goldman Sachs Group, Inc. (The) in a report on Wednesday, August 9th. They issued an “outperform” rating and a $265.00 price objective for the company. Finally, BidaskClub raised Goldman Sachs Group, Inc. (The) from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $235.44.

In other news, Director David A. Viniar sold 4,590 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $227.79, for a total value of $1,045,556.10. Following the transaction, the director now directly owns 854,925 shares of the company’s stock, valued at $194,743,365.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John F.W. Rogers sold 17,685 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $235.02, for a total transaction of $4,156,328.70. Following the completion of the transaction, the executive vice president now directly owns 80,109 shares in the company, valued at $18,827,217.18. The disclosure for this sale can be found here. Insiders sold 25,535 shares of company stock worth $5,956,868 over the last ninety days. 2.57% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Sumitomo Mitsui Financial Group Inc. acquired a new position in Goldman Sachs Group, Inc. (The) during the second quarter worth $101,000. WealthTrust Arizona LLC increased its position in Goldman Sachs Group, Inc. (The) by 97.1% during the second quarter. WealthTrust Arizona LLC now owns 469 shares of the investment management company’s stock worth $104,000 after buying an additional 231 shares during the last quarter. Sterling Investment Advisors Ltd. increased its position in Goldman Sachs Group, Inc. (The) by 35.7% during the second quarter. Sterling Investment Advisors Ltd. now owns 475 shares of the investment management company’s stock worth $105,000 after buying an additional 125 shares during the last quarter. Shine Investment Advisory Services Inc. acquired a new position in Goldman Sachs Group, Inc. (The) during the second quarter worth $111,000. Finally, Gs Investments Inc. acquired a new position in Goldman Sachs Group, Inc. (The) during the second quarter worth $111,000. 73.38% of the stock is currently owned by institutional investors and hedge funds.

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Goldman Sachs Group, Inc. (NYSE:GS) traded up 0.63% during mid-day trading on Friday, hitting $217.21. The stock had a trading volume of 3,120,862 shares. The company has a 50-day moving average of $223.54 and a 200-day moving average of $227.28. The stock has a market cap of $84.03 billion, a price-to-earnings ratio of 11.43 and a beta of 1.42. Goldman Sachs Group, Inc. has a 12-month low of $157.77 and a 12-month high of $255.15.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, August 31st will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Tuesday, August 29th. Goldman Sachs Group, Inc. (The)’s dividend payout ratio (DPR) is presently 15.74%.

About Goldman Sachs Group, Inc. (The)

The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.

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Earnings History and Estimates for Goldman Sachs Group, Inc. (The) (NYSE:GS)

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