General Dynamics (GD) Scheduled to Post Quarterly Earnings on Wednesday

General Dynamics (NYSE:GD) is scheduled to announce its earnings results before the market opens on Wednesday, April 24th. Analysts expect the company to announce earnings of $3.04 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, January 24th. The aerospace company reported $3.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.68 by ($0.04). General Dynamics had a return on equity of 16.61% and a net margin of 7.84%. The business had revenue of $11.67 billion for the quarter, compared to analysts’ expectations of $11.39 billion. During the same quarter last year, the company earned $3.58 earnings per share. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, analysts expect General Dynamics to post $15 EPS for the current fiscal year and $16 EPS for the next fiscal year.

General Dynamics Stock Performance

Shares of General Dynamics stock opened at $285.21 on Wednesday. The business has a 50-day simple moving average of $278.07 and a 200-day simple moving average of $258.67. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.92 and a current ratio of 1.44. The company has a market cap of $78.25 billion, a PE ratio of 23.73, a P/E/G ratio of 1.83 and a beta of 0.68. General Dynamics has a one year low of $202.35 and a one year high of $296.50.

General Dynamics Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 12th will be issued a $1.42 dividend. This is an increase from General Dynamics’s previous quarterly dividend of $1.32. This represents a $5.68 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend is Thursday, April 11th. General Dynamics’s dividend payout ratio is presently 47.25%.

Insider Activity at General Dynamics

In related news, EVP Mark C. Roualet sold 73,330 shares of the stock in a transaction on Friday, January 26th. The stock was sold at an average price of $264.75, for a total transaction of $19,414,117.50. Following the sale, the executive vice president now owns 149,205 shares of the company’s stock, valued at $39,502,023.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other General Dynamics news, CEO Phebe N. Novakovic sold 32,355 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $264.31, for a total value of $8,551,750.05. Following the sale, the chief executive officer now directly owns 773,977 shares of the company’s stock, valued at approximately $204,569,860.87. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Mark C. Roualet sold 73,330 shares of the firm’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $264.75, for a total value of $19,414,117.50. Following the completion of the sale, the executive vice president now directly owns 149,205 shares in the company, valued at $39,502,023.75. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On General Dynamics

Large investors have recently modified their holdings of the company. Certified Advisory Corp purchased a new stake in shares of General Dynamics during the 1st quarter valued at about $25,000. Tyler Stone Wealth Management purchased a new stake in shares of General Dynamics during the 2nd quarter valued at about $30,000. Live Oak Investment Partners purchased a new stake in shares of General Dynamics during the 4th quarter valued at about $30,000. Resurgent Financial Advisors LLC purchased a new stake in shares of General Dynamics during the 4th quarter valued at about $37,000. Finally, KB Financial Partners LLC purchased a new stake in shares of General Dynamics during the 1st quarter valued at about $40,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group increased their price objective on General Dynamics from $253.00 to $284.00 and gave the company a “neutral” rating in a report on Tuesday. Alembic Global Advisors downgraded General Dynamics from an “overweight” rating to a “neutral” rating and set a $296.00 price objective for the company. in a report on Monday, January 29th. Susquehanna upped their price target on General Dynamics from $301.00 to $333.00 and gave the stock a “positive” rating in a research note on Friday, April 12th. Wells Fargo & Company upped their price target on General Dynamics from $291.00 to $322.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Finally, Citigroup upped their price target on General Dynamics from $283.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, General Dynamics currently has an average rating of “Moderate Buy” and an average price target of $283.80.

About General Dynamics

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment produces and sells business jets; and offers aircraft maintenance and repair, management, aircraft-on-ground support and completion, charter, staffing, and fixed-base operator services.