General Electric (NYSE:GE) is scheduled to be announcing its earnings results before the market opens on Wednesday, January 24th. Analysts expect the company to announce earnings of $0.29 per share for the quarter. General Electric has set its FY17 guidance at $1.05-1.10 EPS.

General Electric (NYSE:GE) last released its earnings results on Friday, October 20th. The conglomerate reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.20). The firm had revenue of $33.47 billion during the quarter, compared to analysts’ expectations of $32.51 billion. General Electric had a return on equity of 13.72% and a net margin of 6.08%. The business’s revenue was up 11.5% on a year-over-year basis. During the same period last year, the business earned $0.32 earnings per share. On average, analysts expect General Electric to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

General Electric (NYSE GE) opened at $18.21 on Wednesday. The firm has a market cap of $157,920.00, a P/E ratio of 21.17, a PEG ratio of 2.11 and a beta of 1.07. The company has a quick ratio of 1.53, a current ratio of 1.86 and a debt-to-equity ratio of 1.14. General Electric has a 1 year low of $17.25 and a 1 year high of $31.45.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 25th. Stockholders of record on Wednesday, December 27th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend is Tuesday, December 26th. General Electric’s dividend payout ratio (DPR) is currently 55.81%.

Several research analysts have recently weighed in on the stock. Vetr raised shares of General Electric from a “buy” rating to a “strong-buy” rating and set a $22.05 target price on the stock in a research report on Monday. JPMorgan Chase & Co. reissued a “sell” rating on shares of General Electric in a research report on Monday. Cowen reissued a “hold” rating and issued a $19.00 target price on shares of General Electric in a research report on Wednesday, November 8th. Deutsche Bank set a $21.00 target price on shares of General Electric and gave the stock a “sell” rating in a research report on Monday, October 23rd. Finally, Goldman Sachs Group set a $23.00 target price on shares of General Electric and gave the stock a “hold” rating in a research report on Tuesday, October 17th. Six investment analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $23.25.

In related news, Chairman John Leonard Flannery purchased 60,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was acquired at an average cost of $18.27 per share, for a total transaction of $1,096,200.00. Following the completion of the acquisition, the chairman now owns 575,477 shares in the company, valued at approximately $10,513,964.79. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Steven M. Mollenkopf purchased 5,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were bought at an average price of $18.24 per share, with a total value of $100,320.00. Following the completion of the acquisition, the director now owns 5,500 shares of the company’s stock, valued at approximately $100,320. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 120,500 shares of company stock valued at $2,183,220. 0.36% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the stock. Cutter & CO Brokerage Inc. lifted its stake in General Electric by 0.3% in the second quarter. Cutter & CO Brokerage Inc. now owns 20,620 shares of the conglomerate’s stock valued at $557,000 after acquiring an additional 67 shares during the last quarter. NorthRock Partners LLC lifted its stake in General Electric by 0.9% in the second quarter. NorthRock Partners LLC now owns 8,842 shares of the conglomerate’s stock valued at $241,000 after acquiring an additional 80 shares during the last quarter. Shapiro Capital Management LLC lifted its stake in General Electric by 0.8% in the second quarter. Shapiro Capital Management LLC now owns 18,868 shares of the conglomerate’s stock valued at $510,000 after acquiring an additional 147 shares during the last quarter. CFO4Life Group LLC lifted its stake in General Electric by 0.9% in the second quarter. CFO4Life Group LLC now owns 16,610 shares of the conglomerate’s stock valued at $449,000 after acquiring an additional 152 shares during the last quarter. Finally, Sunbelt Securities Inc. lifted its stake in General Electric by 0.3% in the second quarter. Sunbelt Securities Inc. now owns 54,208 shares of the conglomerate’s stock valued at $1,464,000 after acquiring an additional 176 shares during the last quarter. Institutional investors and hedge funds own 55.64% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This piece of content was reported by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of United States & international copyright legislation. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2018/01/17/general-electric-ge-to-release-quarterly-earnings-on-wednesday.html.

About General Electric

Earnings History 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.