Brokerages expect that General Dynamics Co. (NYSE:GD) will report $2.49 earnings per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for General Dynamics’ earnings. The highest EPS estimate is $2.57 and the lowest is $2.41. General Dynamics reported earnings per share of $2.45 during the same quarter last year, which indicates a positive year over year growth rate of 1.6%. The business is scheduled to report its next earnings report on Wednesday, July 25th.
On average, analysts expect that General Dynamics will report full year earnings of $11.02 per share for the current year, with EPS estimates ranging from $10.69 to $11.31. For the next fiscal year, analysts anticipate that the business will report earnings of $12.44 per share, with EPS estimates ranging from $12.00 to $12.90. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow General Dynamics.
General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, April 25th. The aerospace company reported $2.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.49 by $0.16. General Dynamics had a return on equity of 26.83% and a net margin of 9.49%. The firm had revenue of $7.50 billion for the quarter, compared to analyst estimates of $7.56 billion. During the same quarter in the prior year, the company earned $2.48 EPS. General Dynamics’s revenue was up .8% on a year-over-year basis.
A number of research analysts have weighed in on GD shares. Morgan Stanley reduced their price target on General Dynamics from $225.00 to $217.00 and set an “underweight” rating on the stock in a research note on Thursday, April 12th. Cowen reissued a “buy” rating and set a $253.00 price target on shares of General Dynamics in a research note on Monday, April 9th. Stifel Nicolaus increased their price target on General Dynamics from $220.00 to $230.00 and gave the stock a “hold” rating in a research note on Thursday, April 26th. Zacks Investment Research lowered General Dynamics from a “hold” rating to a “sell” rating in a research note on Tuesday, June 26th. Finally, Barclays started coverage on General Dynamics in a research note on Thursday, March 29th. They set an “overweight” rating and a $282.00 price target on the stock. Four analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $240.53.
Several hedge funds have recently added to or reduced their stakes in GD. Dubuque Bank & Trust Co. increased its holdings in General Dynamics by 230.7% in the 1st quarter. Dubuque Bank & Trust Co. now owns 496 shares of the aerospace company’s stock valued at $109,000 after purchasing an additional 346 shares in the last quarter. We Are One Seven LLC acquired a new stake in General Dynamics in the 4th quarter valued at $128,000. Prime Capital Investment Advisors LLC acquired a new stake in General Dynamics in the 4th quarter valued at $134,000. Optimum Investment Advisors acquired a new stake in General Dynamics in the 1st quarter valued at $134,000. Finally, Moneta Group Investment Advisors LLC increased its holdings in General Dynamics by 1,143.4% in the 1st quarter. Moneta Group Investment Advisors LLC now owns 659 shares of the aerospace company’s stock valued at $146,000 after purchasing an additional 606 shares in the last quarter. Institutional investors and hedge funds own 86.00% of the company’s stock.
GD stock traded down $1.29 on Friday, reaching $191.51. The company had a trading volume of 1,002,582 shares, compared to its average volume of 1,635,042. General Dynamics has a 1 year low of $184.21 and a 1 year high of $230.00. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 1.34. The firm has a market cap of $56.89 billion, a P/E ratio of 19.24, a PEG ratio of 1.80 and a beta of 0.85.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 10th. Stockholders of record on Friday, July 6th will be issued a dividend of $0.93 per share. The ex-dividend date of this dividend is Thursday, July 5th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.94%. General Dynamics’s payout ratio is 37.39%.
General Dynamics Company Profile
General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four business groups: Aerospace; Combat Systems; Information Systems and Technology; and Marine Systems. The Aerospace group designs, develops, manufactures, service and supports business-jet aircraft; and provides aircraft services, such as maintenance, aircraft management, charter, fixed-base operational, and staffing services.
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