Goldman Sachs Group Inc (GS) Expected to Announce Earnings of $4.90 Per Share
Equities analysts expect Goldman Sachs Group Inc (NYSE:GS) to report earnings per share of $4.90 for the current quarter, Zacks reports. Two analysts have provided estimates for Goldman Sachs Group’s earnings, with the highest EPS estimate coming in at $5.00 and the lowest estimate coming in at $4.71. Goldman Sachs Group posted earnings per share of $5.08 during the same quarter last year, which would suggest a negative year over year growth rate of 3.5%. The company is scheduled to issue its next quarterly earnings report before the market opens on Wednesday, January 17th.
On average, analysts expect that Goldman Sachs Group will report full-year earnings of $18.98 per share for the current financial year, with EPS estimates ranging from $18.82 to $19.09. For the next year, analysts forecast that the firm will post earnings of $21.11 per share, with EPS estimates ranging from $20.76 to $21.67. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for Goldman Sachs Group.
Goldman Sachs Group (NYSE:GS) last posted its earnings results on Tuesday, October 17th. The investment management company reported $5.02 EPS for the quarter, beating the consensus estimate of $4.17 by $0.85. Goldman Sachs Group had a return on equity of 11.34% and a net margin of 26.42%. The firm had revenue of $8.33 billion for the quarter, compared to analysts’ expectations of $7.59 billion. During the same period last year, the firm earned $4.88 EPS. The firm’s revenue was up 2.0% compared to the same quarter last year.
Shares of Goldman Sachs Group (NYSE GS) opened at $257.03 on Friday. Goldman Sachs Group has a 1 year low of $209.62 and a 1 year high of $262.14. The company has a debt-to-equity ratio of 2.82, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market capitalization of $96,950.00, a P/E ratio of 13.35, a P/E/G ratio of 0.93 and a beta of 1.47.
The business also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Thursday, November 30th were issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend was Wednesday, November 29th. Goldman Sachs Group’s payout ratio is 15.58%.
In other news, insider David M. Solomon sold 12,707 shares of the firm’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $237.94, for a total value of $3,023,503.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Richard J. Gnodde sold 4,951 shares of the firm’s stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $239.95, for a total value of $1,187,992.45. The disclosure for this sale can be found here. Insiders sold a total of 135,177 shares of company stock worth $32,435,160 over the last 90 days. Insiders own 2.57% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in GS. Janus Henderson Group PLC boosted its position in Goldman Sachs Group by 4,096.0% during the second quarter. Janus Henderson Group PLC now owns 2,475,978 shares of the investment management company’s stock valued at $549,415,000 after purchasing an additional 2,416,970 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Goldman Sachs Group by 47.1% during the second quarter. The Manufacturers Life Insurance Company now owns 3,602,847 shares of the investment management company’s stock valued at $799,472,000 after purchasing an additional 1,152,869 shares during the last quarter. Balyasny Asset Management LLC boosted its position in Goldman Sachs Group by 1,654.0% during the second quarter. Balyasny Asset Management LLC now owns 1,034,680 shares of the investment management company’s stock valued at $229,595,000 after purchasing an additional 975,690 shares during the last quarter. Capital World Investors boosted its position in Goldman Sachs Group by 10.5% during the second quarter. Capital World Investors now owns 7,649,583 shares of the investment management company’s stock valued at $1,697,442,000 after purchasing an additional 726,582 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in Goldman Sachs Group by 21.6% during the second quarter. Ameriprise Financial Inc. now owns 2,121,193 shares of the investment management company’s stock valued at $470,546,000 after purchasing an additional 377,435 shares during the last quarter. 73.27% of the stock is owned by hedge funds and other institutional investors.
About Goldman Sachs Group
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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