Equities research analysts expect that General Dynamics Co. (NYSE:GD) will announce earnings per share of $2.38 for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for General Dynamics’ earnings. The highest EPS estimate is $2.53 and the lowest is $2.32. General Dynamics posted earnings per share of $2.62 in the same quarter last year, which indicates a negative year over year growth rate of 9.2%. The business is scheduled to issue its next earnings results before the market opens on Friday, January 26th.

On average, analysts expect that General Dynamics will report full-year earnings of $9.81 per share for the current fiscal year, with EPS estimates ranging from $9.75 to $9.86. For the next financial year, analysts forecast that the company will report earnings of $10.88 per share, with EPS estimates ranging from $10.50 to $12.35. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow General Dynamics.

General Dynamics (NYSE:GD) last released its earnings results on Wednesday, October 25th. The aerospace company reported $2.52 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.09. The business had revenue of $7.58 billion during the quarter, compared to analysts’ expectations of $7.94 billion. General Dynamics had a net margin of 9.94% and a return on equity of 27.98%. The company’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.36 earnings per share.

A number of analysts have recently commented on the stock. Zacks Investment Research raised shares of General Dynamics from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Jefferies Group reissued a “buy” rating and set a $236.00 target price on shares of General Dynamics in a research note on Thursday, October 26th. Stifel Nicolaus reissued a “hold” rating and set a $220.00 target price on shares of General Dynamics in a research note on Tuesday, January 9th. Cowen reaffirmed a “buy” rating and set a $230.00 price objective on shares of General Dynamics in a research note on Thursday, October 26th. Finally, ValuEngine cut shares of General Dynamics from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $218.92.

Shares of General Dynamics (GD) opened at $210.59 on Tuesday. The company has a market cap of $62,880.00, a PE ratio of 20.91, a PEG ratio of 2.27 and a beta of 0.72. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.93 and a current ratio of 1.37. General Dynamics has a one year low of $172.43 and a one year high of $214.81.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Friday, January 19th will be paid a dividend of $0.84 per share. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $3.36 annualized dividend and a yield of 1.60%. General Dynamics’s dividend payout ratio is presently 33.37%.

In other General Dynamics news, VP Gregory S. Gallopoulos sold 78,370 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $202.93, for a total value of $15,903,624.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John Patrick Casey sold 34,945 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $201.38, for a total transaction of $7,037,224.10. Following the completion of the transaction, the insider now owns 144,378 shares in the company, valued at $29,074,841.64. The disclosure for this sale can be found here. 6.70% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the business. Pathstone Family Office LLC boosted its holdings in General Dynamics by 100.0% in the 2nd quarter. Pathstone Family Office LLC now owns 24 shares of the aerospace company’s stock valued at $4,754,000 after purchasing an additional 12 shares during the last quarter. Vantage Investment Advisors LLC boosted its holdings in General Dynamics by 9.3% in the 2nd quarter. Vantage Investment Advisors LLC now owns 585 shares of the aerospace company’s stock valued at $116,000 after purchasing an additional 50 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in General Dynamics by 6.1% in the 2nd quarter. Quadrant Capital Group LLC now owns 645 shares of the aerospace company’s stock valued at $110,000 after purchasing an additional 37 shares during the last quarter. Captrust Financial Advisors acquired a new position in General Dynamics in the 2nd quarter valued at about $129,000. Finally, WFG Advisors LP boosted its holdings in General Dynamics by 0.3% in the 2nd quarter. WFG Advisors LP now owns 668 shares of the aerospace company’s stock valued at $132,000 after purchasing an additional 2 shares during the last quarter. Institutional investors own 86.76% of the company’s stock.

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General Dynamics 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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