General Dynamics (GD) Set to Announce Earnings on Wednesday
General Dynamics (NYSE:GD) is scheduled to release its earnings data before the market opens on Wednesday, January 24th. Analysts expect General Dynamics to post earnings of $2.40 per share for the quarter. General Dynamics has set its FY17 guidance at $9.75-9.80 EPS.
General Dynamics (NYSE:GD) last announced its earnings results on Wednesday, October 25th. The aerospace company reported $2.52 EPS for the quarter, beating analysts’ consensus estimates of $2.43 by $0.09. General Dynamics had a return on equity of 27.98% and a net margin of 9.94%. The company had revenue of $7.58 billion during the quarter, compared to analysts’ expectations of $7.94 billion. During the same period last year, the business posted $2.36 EPS. General Dynamics’s revenue for the quarter was down 1.0% on a year-over-year basis. On average, analysts expect General Dynamics to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.
General Dynamics (NYSE:GD) opened at $206.33 on Wednesday. General Dynamics has a twelve month low of $172.43 and a twelve month high of $214.81. The company has a market capitalization of $61,610.00, a PE ratio of 20.49, a P/E/G ratio of 2.27 and a beta of 0.72. The company has a current ratio of 1.37, a quick ratio of 0.93 and a debt-to-equity ratio of 0.34.
In other news, VP Gregory S. Gallopoulos sold 78,370 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $202.93, for a total transaction of $15,903,624.10. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider John Patrick Casey sold 34,945 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $201.38, for a total value of $7,037,224.10. Following the sale, the insider now directly owns 144,378 shares in the company, valued at approximately $29,074,841.64. The disclosure for this sale can be found here. 6.70% of the stock is owned by company insiders.
A number of equities analysts recently commented on the company. Jefferies Group restated a “buy” rating and set a $236.00 target price on shares of General Dynamics in a report on Thursday, October 26th. Zacks Investment Research cut General Dynamics from a “buy” rating to a “hold” rating in a report on Friday, October 27th. Stifel Nicolaus restated a “hold” rating and set a $220.00 target price on shares of General Dynamics in a report on Tuesday, January 9th. Cowen reaffirmed a “buy” rating and issued a $230.00 price target on shares of General Dynamics in a research report on Thursday, October 26th. Finally, ValuEngine lowered General Dynamics from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $218.92.
About General Dynamics
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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