General Dynamics Corporation Forecasted to Post FY2017 Earnings of $9.80 Per Share (GD)
General Dynamics Corporation (NYSE:GD) – Stock analysts at Jefferies Group issued their FY2017 earnings per share (EPS) estimates for General Dynamics Corporation in a research report issued on Wednesday. Jefferies Group analyst S. Kahyaoglu expects that the aerospace company will post earnings of $9.80 per share for the year. Jefferies Group currently has a “Buy” rating and a $236.00 target price on the stock. Jefferies Group also issued estimates for General Dynamics Corporation’s Q4 2017 earnings at $2.34 EPS, FY2018 earnings at $10.50 EPS, FY2019 earnings at $11.25 EPS and FY2020 earnings at $12.40 EPS.
General Dynamics Corporation (NYSE:GD) last announced its earnings results on Wednesday, October 25th. The aerospace company reported $2.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.43 by $0.09. General Dynamics Corporation had a net margin of 9.94% and a return on equity of 27.98%. The company had revenue of $7.58 billion during the quarter, compared to the consensus estimate of $7.94 billion. During the same period in the previous year, the firm posted $2.36 earnings per share. The company’s revenue was down 1.0% on a year-over-year basis. WARNING: This piece was posted by American Banking News and is the property of of American Banking News. If you are viewing this piece on another site, it was copied illegally and republished in violation of U.S. & international copyright law. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2017/10/30/general-dynamics-corporation-forecasted-to-post-fy2017-earnings-of-9-80-per-share-gd.html.
A number of other brokerages have also issued reports on GD. ValuEngine upgraded shares of General Dynamics Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Cowen and Company reiterated a “buy” rating and issued a $210.00 price objective on shares of General Dynamics Corporation in a report on Monday, July 17th. BidaskClub upgraded shares of General Dynamics Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 25th. Zacks Investment Research upgraded shares of General Dynamics Corporation from a “hold” rating to a “buy” rating and set a $230.00 price objective for the company in a report on Monday, October 2nd. Finally, Berenberg Bank started coverage on shares of General Dynamics Corporation in a report on Wednesday, July 12th. They issued a “buy” rating and a $230.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $217.19.
General Dynamics Corporation (NYSE:GD) opened at 204.99 on Monday. The company has a market capitalization of $61.45 billion, a P/E ratio of 20.25 and a beta of 0.72. General Dynamics Corporation has a 52 week low of $148.76 and a 52 week high of $214.81. The firm has a 50 day moving average of $207.29 and a 200-day moving average of $200.47.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 10th. Shareholders of record on Friday, October 6th will be issued a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Thursday, October 5th. General Dynamics Corporation’s dividend payout ratio is 33.50%.
Institutional investors and hedge funds have recently bought and sold shares of the business. Pathstone Family Office LLC boosted its holdings in General Dynamics Corporation by 100.0% during the 2nd quarter. Pathstone Family Office LLC now owns 24 shares of the aerospace company’s stock worth $4,754,000 after acquiring an additional 12 shares during the last quarter. Vantage Investment Advisors LLC boosted its holdings in General Dynamics Corporation by 9.3% during the 2nd quarter. Vantage Investment Advisors LLC now owns 585 shares of the aerospace company’s stock worth $116,000 after acquiring an additional 50 shares during the last quarter. Ruggie Capital Group purchased a new position in General Dynamics Corporation during the 1st quarter worth $119,000. Quadrant Capital Group LLC boosted its holdings in General Dynamics Corporation by 6.1% during the 2nd quarter. Quadrant Capital Group LLC now owns 645 shares of the aerospace company’s stock worth $110,000 after acquiring an additional 37 shares during the last quarter. Finally, Captrust Financial Advisors purchased a new position in General Dynamics Corporation during the 2nd quarter worth $129,000. 86.05% of the stock is currently owned by hedge funds and other institutional investors.
General Dynamics Corporation Company Profile
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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