Equities analysts expect General Electric Company (NYSE:GE) to post earnings of $0.29 per share for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for General Electric’s earnings, with the lowest EPS estimate coming in at $0.27 and the highest estimate coming in at $0.32. General Electric reported earnings of $0.46 per share during the same quarter last year, which suggests a negative year over year growth rate of 37%. The business is scheduled to report its next earnings results on Friday, January 19th.

On average, analysts expect that General Electric will report full year earnings of $1.06 per share for the current financial year, with EPS estimates ranging from $1.05 to $1.10. For the next fiscal year, analysts forecast that the company will report earnings of $1.04 per share, with EPS estimates ranging from $1.00 to $1.15. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for General Electric.

General Electric (NYSE:GE) last announced its quarterly earnings results on Friday, October 20th. The conglomerate reported $0.29 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.20). The business had revenue of $33.47 billion during the quarter, compared to the consensus estimate of $32.51 billion. General Electric had a net margin of 6.08% and a return on equity of 13.72%. The firm’s revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.32 EPS.

GE has been the topic of several research reports. J P Morgan Chase & Co reissued an “underweight” rating and set a $22.00 price objective on shares of General Electric in a report on Thursday, September 7th. Vetr lowered shares of General Electric from a “hold” rating to a “sell” rating and set a $23.72 price objective on the stock. in a report on Monday, September 25th. Credit Suisse Group reissued an “outperform” rating and set a $30.00 price objective (down from $33.00) on shares of General Electric in a report on Thursday, October 5th. Morgan Stanley cut their price objective on shares of General Electric from $26.00 to $25.00 and set an “equal weight” rating on the stock in a report on Monday, October 2nd. Finally, Argus lowered their target price on shares of General Electric from $30.00 to $27.00 and set a “buy” rating for the company in a research note on Monday, September 18th. Six research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. General Electric has an average rating of “Hold” and a consensus price target of $23.39.

In other General Electric news, Chairman John Leonard Flannery bought 60,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was bought at an average cost of $18.27 per share, for a total transaction of $1,096,200.00. Following the completion of the transaction, the chairman now directly owns 575,477 shares of the company’s stock, valued at approximately $10,513,964.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven M. Mollenkopf bought 5,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were acquired at an average price of $18.24 per share, with a total value of $100,320.00. Following the completion of the transaction, the director now directly owns 5,500 shares of the company’s stock, valued at $100,320. The disclosure for this purchase can be found here. Insiders have bought 120,500 shares of company stock valued at $2,183,220 over the last quarter. Insiders own 0.36% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in General Electric by 0.6% in the second quarter. Vanguard Group Inc. now owns 600,238,644 shares of the conglomerate’s stock valued at $16,212,445,000 after buying an additional 3,297,890 shares in the last quarter. BlackRock Inc. increased its holdings in General Electric by 3.9% in the second quarter. BlackRock Inc. now owns 517,315,514 shares of the conglomerate’s stock valued at $13,972,691,000 after buying an additional 19,422,516 shares in the last quarter. Capital World Investors increased its holdings in General Electric by 8.6% in the second quarter. Capital World Investors now owns 141,322,676 shares of the conglomerate’s stock valued at $3,817,125,000 after buying an additional 11,194,678 shares in the last quarter. Capital Research Global Investors increased its holdings in General Electric by 18.6% in the second quarter. Capital Research Global Investors now owns 91,205,460 shares of the conglomerate’s stock valued at $2,463,459,000 after buying an additional 14,316,281 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in General Electric by 43.8% in the second quarter. Franklin Resources Inc. now owns 78,024,403 shares of the conglomerate’s stock valued at $2,107,438,000 after buying an additional 23,764,129 shares in the last quarter. Institutional investors own 55.74% of the company’s stock.

Shares of General Electric (NYSE:GE) opened at $17.64 on Friday. The stock has a market cap of $154,016.23, a PE ratio of 14.32, a price-to-earnings-growth ratio of 1.92 and a beta of 1.06. General Electric has a 12 month low of $17.46 and a 12 month high of $32.38. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.86 and a quick ratio of 1.53.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 25th. Stockholders of record on Wednesday, December 27th will be paid a dividend of $0.12 per share. The ex-dividend date is Tuesday, December 26th. This represents a $0.48 annualized dividend and a dividend yield of 2.72%. General Electric’s payout ratio is currently 120.00%.

TRADEMARK VIOLATION WARNING: This piece was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another site, it was illegally copied and reposted in violation of U.S. & international copyright and trademark laws. The correct version of this piece can be read at https://www.americanbankingnews.com/2017/12/15/0-29-eps-expected-for-general-electric-company-ge-this-quarter.html.

About General Electric

Get a free copy of the Zacks research report on General Electric (GE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for General Electric (NYSE:GE)

Receive News & Ratings for General Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Electric and related companies with MarketBeat.com's FREE daily email newsletter.