Equities research analysts predict that General Dynamics Co. (NYSE:GD) will post $8.45 billion in sales for the current quarter, according to Zacks. Five analysts have made estimates for General Dynamics’ earnings, with estimates ranging from $8.27 billion to $8.64 billion. General Dynamics posted sales of $8.23 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 2.7%. The business is expected to issue its next earnings results before the market opens on Wednesday, January 24th.

According to Zacks, analysts expect that General Dynamics will report full-year sales of $8.45 billion for the current financial year, with estimates ranging from $31.06 billion to $31.34 billion. For the next fiscal year, analysts expect that the business will post sales of $32.95 billion per share, with estimates ranging from $32.71 billion to $33.08 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover General Dynamics.

General Dynamics (NYSE:GD) last announced its earnings results on Wednesday, October 25th. The aerospace company reported $2.52 EPS for the quarter, topping the Zacks’ consensus estimate 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 for the quarter, compared to analysts’ expectations of $7.94 billion. During the same period last year, the firm earned $2.36 EPS. General Dynamics’s revenue for the quarter was down 1.0% compared to the same quarter last year.

A number of equities research analysts have commented on the company. Zacks Investment Research raised General Dynamics from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Stifel Nicolaus reissued a “hold” rating and set a $220.00 price target on shares of General Dynamics in a report on Tuesday, January 9th. Jefferies Group reissued a “buy” rating and set a $237.00 price target on shares of General Dynamics in a report on Monday, January 8th. JPMorgan Chase & Co. cut General Dynamics from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $225.00 to $215.00 in a report on Tuesday, December 12th. Finally, ValuEngine cut General Dynamics from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $218.92.

General Dynamics (NYSE GD) traded up $2.19 during trading hours on Thursday, reaching $208.52. The company’s stock had a trading volume of 1,421,000 shares, compared to its average volume of 1,461,964. The company has a current ratio of 1.37, a quick ratio of 0.93 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $61,606.61, a PE ratio of 20.79, a PEG ratio of 2.23 and a beta of 0.72. General Dynamics has a twelve month low of $172.43 and a twelve month high of $214.81.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Friday, January 19th will be given a dividend of $0.84 per share. The ex-dividend date is Thursday, January 18th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 1.61%. General Dynamics’s payout ratio is 33.50%.

In other news, 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 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Gregory S. Gallopoulos sold 78,370 shares of the firm’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 disclosure for this sale can be found here. Company insiders own 6.70% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Quadrant Capital Group LLC grew its position in General Dynamics by 6.1% in the second quarter. Quadrant Capital Group LLC now owns 645 shares of the aerospace company’s stock worth $110,000 after acquiring an additional 37 shares in the last quarter. Vantage Investment Advisors LLC grew its position in General Dynamics by 9.3% in the second quarter. Vantage Investment Advisors LLC now owns 585 shares of the aerospace company’s stock worth $116,000 after acquiring an additional 50 shares in the last quarter. Captrust Financial Advisors purchased a new position in General Dynamics in the second quarter worth about $129,000. WFG Advisors LP grew its position in General Dynamics by 0.3% in the second quarter. WFG Advisors LP now owns 668 shares of the aerospace company’s stock worth $132,000 after acquiring an additional 2 shares in the last quarter. Finally, Fieldpoint Private Securities LLC purchased a new position in General Dynamics in the third quarter worth about $148,000. Hedge funds and other 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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