General Electric (NYSE:GE – Get Free Report) issued its earnings results on Tuesday. The conglomerate reported $1.15 EPS for the quarter, topping the consensus estimate of $1.13 by $0.02, Briefing.com reports. General Electric had a net margin of 7.66% and a return on equity of 16.07%. The company had revenue of $9.84 billion for the quarter, compared to analyst estimates of $9.02 billion. During the same period in the previous year, the firm earned $0.82 EPS. The business’s revenue was up 5.8% on a year-over-year basis. General Electric updated its FY 2024 guidance to 4.200-4.350 EPS and its FY24 guidance to $4.20-4.35 EPS.
General Electric Trading Down 0.5 %
Shares of GE opened at $180.78 on Thursday. General Electric has a fifty-two week low of $84.58 and a fifty-two week high of $194.80. The company has a market capitalization of $197.88 billion, a PE ratio of 59.60, a price-to-earnings-growth ratio of 1.86 and a beta of 1.18. The stock has a fifty day moving average of $179.51 and a two-hundred day moving average of $168.15. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.85 and a current ratio of 1.14.
General Electric Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Thursday, September 26th will be given a dividend of $0.28 per share. The ex-dividend date is Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a yield of 0.62%. General Electric’s dividend payout ratio (DPR) is currently 36.72%.
Analyst Ratings Changes
Check Out Our Latest Stock Report on GE
General Electric Company Profile
General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa.
Recommended Stories
- Five stocks we like better than General Electric
- How to Evaluate a Stock Before Buying
- A $1.75 Billion Gamble: Can Lucid Ignite Growth?
- Using the MarketBeat Dividend Yield Calculator
- The Rally in Lockheed Martin and RTX Can Continue: Here’s Why
- What is the Hang Seng index?
- 3 Undervalued Technology Stocks With Big Rebound Potential
Receive News & Ratings for General Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Electric and related companies with MarketBeat.com's FREE daily email newsletter.