General Dynamics Co. (GD) Expected to Announce Quarterly Sales of $7.57 Billion

Equities analysts expect that General Dynamics Co. (NYSE:GD) will announce sales of $7.57 billion for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for General Dynamics’ earnings, with the lowest sales estimate coming in at $7.45 billion and the highest estimate coming in at $7.68 billion. General Dynamics posted sales of $7.44 billion during the same quarter last year, which would indicate a positive year over year growth rate of 1.7%. The business is scheduled to issue its next earnings report on Wednesday, April 25th.

According to Zacks, analysts expect that General Dynamics will report full-year sales of $7.57 billion for the current fiscal year, with estimates ranging from $32.38 billion to $33.08 billion. For the next financial year, analysts forecast that the firm will post sales of $34.45 billion per share, with estimates ranging from $33.84 billion to $35.01 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow General Dynamics.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, January 24th. The aerospace company reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $0.13. General Dynamics had a return on equity of 27.22% and a net margin of 9.40%. The business had revenue of $8.28 billion during the quarter, compared to analysts’ expectations of $8.40 billion. During the same period in the previous year, the firm earned $1.89 earnings per share. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year.

A number of research analysts have issued reports on GD shares. Credit Suisse Group reissued an “outperform” rating and issued a $238.00 target price (up from $216.00) on shares of General Dynamics in a research note on Thursday, October 26th. JPMorgan Chase & Co. cut General Dynamics from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $225.00 to $215.00 in a research note on Tuesday, December 12th. Stifel Nicolaus boosted their target price on General Dynamics from $200.00 to $210.00 and gave the company a “hold” rating in a research note on Thursday, October 26th. Zacks Investment Research cut General Dynamics from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. Finally, Royal Bank of Canada set a $239.00 target price on General Dynamics and gave the company a “buy” rating in a research note on Wednesday, November 15th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $231.94.

In other news, VP Gregory S. Gallopoulos sold 78,370 shares of the company’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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 6.70% of the stock is owned by corporate insiders.

Several hedge funds have recently bought and sold shares of GD. Quadrant Capital Group LLC raised its holdings in General Dynamics by 6.1% during 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. Resources Investment Advisors Inc. raised its holdings in General Dynamics by 92.3% during the fourth quarter. Resources Investment Advisors Inc. now owns 625 shares of the aerospace company’s stock worth $127,000 after acquiring an additional 300 shares in the last quarter. WFG Advisors LP raised its holdings in General Dynamics by 0.3% during 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. Fieldpoint Private Securities LLC bought a new stake in General Dynamics during the third quarter worth about $148,000. Finally, Sit Investment Associates Inc. raised its holdings in General Dynamics by 170.0% during the fourth quarter. Sit Investment Associates Inc. now owns 953 shares of the aerospace company’s stock worth $194,000 after acquiring an additional 600 shares in the last quarter. 86.82% of the stock is owned by institutional investors.

General Dynamics (GD) opened at $221.72 on Friday. General Dynamics has a 52 week low of $180.02 and a 52 week high of $229.54. The company has a quick ratio of 0.99, a current ratio of 1.40 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $65,827.78, a PE ratio of 22.28, a price-to-earnings-growth ratio of 2.35 and a beta of 0.85.

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 of this dividend is Thursday, January 18th. This represents a $3.36 annualized dividend and a dividend yield of 1.52%. General Dynamics’s dividend payout ratio is currently 35.18%.

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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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