General Electric (NYSE:GE) – Equities research analysts at Oppenheimer lowered their Q4 2017 EPS estimates for shares of General Electric in a research report issued to clients and investors on Tuesday. Oppenheimer analyst C. Glynn now expects that the conglomerate will post earnings of $0.27 per share for the quarter, down from their prior estimate of $0.30. Oppenheimer has a “Underperform” rating on the stock. Oppenheimer also issued estimates for General Electric’s Q1 2018 earnings at $0.18 EPS, Q2 2018 earnings at $0.22 EPS, Q3 2018 earnings at $0.25 EPS, Q4 2018 earnings at $0.35 EPS, FY2018 earnings at $1.00 EPS and FY2019 earnings at $1.00 EPS.

General Electric (NYSE:GE) last posted its earnings results on Friday, October 20th. The conglomerate reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.20). General Electric had a return on equity of 13.72% and a net margin of 6.08%. The firm had revenue of $33.47 billion for the quarter, compared to the consensus estimate of $32.51 billion. During the same period in the prior year, the business earned $0.32 EPS. General Electric’s quarterly revenue was up 11.5% compared to the same quarter last year.

Several other equities analysts have also recently commented on GE. JPMorgan Chase & Co. reissued an “underweight” rating on shares of General Electric in a research report on Thursday, September 21st. Vetr cut shares of General Electric from a “hold” rating to a “sell” rating and set a $23.72 target price on the stock. in a research report on Monday, September 25th. Morgan Stanley lowered their price target on shares of General Electric from $26.00 to $25.00 and set an “equal weight” rating on the stock in a report on Monday, October 2nd. Credit Suisse Group reaffirmed an “outperform” rating and issued a $30.00 price target (down previously from $33.00) on shares of General Electric in a report on Thursday, October 5th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $26.00 price objective on shares of General Electric in a research note on Thursday, October 12th. Six analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. General Electric presently has an average rating of “Hold” and an average price target of $22.94.

General Electric (NYSE GE) opened at $17.35 on Thursday. General Electric has a 1 year low of $17.25 and a 1 year high of $31.45. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.53 and a current ratio of 1.86. The company has a market cap of $150,460.00, a P/E ratio of 20.17, a price-to-earnings-growth ratio of 2.05 and a beta of 1.07.

Several hedge funds and other institutional investors have recently bought and sold shares of GE. MPS Loria Financial Planners LLC bought a new stake in General Electric in the second quarter worth $113,000. Ffcm LLC bought a new stake in General Electric in the second quarter worth $114,000. Corbenic Partners LLC lifted its stake in General Electric by 15.7% in the second quarter. Corbenic Partners LLC now owns 5,340 shares of the conglomerate’s stock worth $144,000 after purchasing an additional 725 shares during the last quarter. Bristlecone Advisors LLC bought a new stake in General Electric in the third quarter worth $164,000. Finally, KCS Wealth Advisory bought a new stake in General Electric in the fourth quarter worth $183,000. 55.64% of the stock is owned by institutional investors.

In other news, Chairman John Leonard Flannery purchased 60,000 shares of General Electric stock in a transaction dated Wednesday, November 15th. The stock was purchased at an average cost of $18.27 per share, for a total transaction of $1,096,200.00. Following the transaction, the chairman now directly owns 575,477 shares of the company’s stock, valued at $10,513,964.79. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Francisco Dsouza purchased 55,000 shares of General Electric stock in a transaction dated Monday, November 20th. The shares were purchased at an average price of $17.94 per share, with a total value of $986,700.00. The disclosure for this purchase can be found here. Insiders have bought a total of 120,500 shares of company stock valued at $2,183,220 over the last 90 days. Company insiders own 0.36% of the company’s stock.

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 25th. Stockholders of record on Wednesday, December 27th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, December 26th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.77%. General Electric’s dividend payout ratio (DPR) is currently 55.81%.

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About General Electric

General Electric Company is a global digital industrial company. The Company’s products and services range from aircraft engines, power generation, and oil and gas production equipment to medical imaging, financing and industrial products. Its segments include Power, which includes products and services related to energy production; Renewable Energy, which offers renewable power sources; Oil & Gas, including liquefied natural gas and pipelines; Aviation, which includes commercial and military aircraft engines, and integrated digital components, among others; Healthcare, which provides healthcare technologies in medical imaging, digital solutions, patient monitoring and diagnostics, and drug discovery, among others; Transportation, which is a supplier to the railroad, mining, marine, stationary power and drilling industries; Energy Connections & Lighting, which includes Energy Connections and Lighting businesses, and Capital, which is a financial services division.

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