General Dynamics (NYSE:GD – Get Free Report) updated its FY 2024 earnings guidance on Friday. The company provided earnings per share guidance of 14.400-14.500 for the period, compared to the consensus earnings per share estimate of 14.510. The company issued revenue guidance of $47.8 billion-$48.2 billion, compared to the consensus revenue estimate of $47.7 billion.
General Dynamics Price Performance
Shares of General Dynamics stock traded down $0.58 on Friday, reaching $290.40. The company’s stock had a trading volume of 1,079,838 shares, compared to its average volume of 1,187,075. General Dynamics has a 52-week low of $214.53 and a 52-week high of $302.75. The company has a market capitalization of $79.80 billion, a P/E ratio of 23.69, a PEG ratio of 1.66 and a beta of 0.60. The company has a quick ratio of 0.87, a current ratio of 1.33 and a debt-to-equity ratio of 0.33. The stock has a 50-day moving average price of $292.65 and a 200-day moving average price of $282.38.
General Dynamics (NYSE:GD – Get Free Report) last posted its quarterly earnings data on Wednesday, July 24th. The aerospace company reported $3.26 earnings per share for the quarter, missing analysts’ consensus estimates of $3.30 by ($0.04). General Dynamics had a return on equity of 16.74% and a net margin of 7.89%. The company had revenue of $11.98 billion for the quarter, compared to analyst estimates of $11.46 billion. During the same quarter in the prior year, the company posted $2.70 earnings per share. The business’s revenue was up 18.0% on a year-over-year basis. Analysts expect that General Dynamics will post 14.51 EPS for the current year.
General Dynamics Announces Dividend
Analyst Upgrades and Downgrades
Several analysts recently commented on the company. Jefferies Financial Group upgraded General Dynamics from a hold rating to a buy rating and boosted their price target for the stock from $305.00 to $335.00 in a research report on Monday, April 29th. StockNews.com downgraded shares of General Dynamics from a strong-buy rating to a buy rating in a research note on Friday, May 3rd. Barclays upped their price target on General Dynamics from $285.00 to $310.00 and gave the company an overweight rating in a research report on Monday, April 15th. Royal Bank of Canada reiterated an outperform rating and issued a $320.00 target price on shares of General Dynamics in a report on Thursday. Finally, Sanford C. Bernstein raised their price objective on General Dynamics from $290.00 to $302.00 and gave the stock a market perform rating in a research report on Thursday, May 23rd. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, General Dynamics presently has a consensus rating of Moderate Buy and a consensus price target of $311.33.
Check Out Our Latest Report on GD
Insider Buying and Selling
In other General Dynamics news, Director Leon Rudy F. De sold 2,570 shares of General Dynamics stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $288.00, for a total transaction of $740,160.00. Following the completion of the sale, the director now directly owns 5,518 shares of the company’s stock, valued at approximately $1,589,184. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Kimberly A. Kuryea sold 13,344 shares of General Dynamics stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $298.16, for a total transaction of $3,978,647.04. Following the sale, the chief financial officer now directly owns 79,255 shares in the company, valued at approximately $23,630,670.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Leon Rudy F. De sold 2,570 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $288.00, for a total transaction of $740,160.00. Following the completion of the transaction, the director now owns 5,518 shares of the company’s stock, valued at approximately $1,589,184. The disclosure for this sale can be found here. Over the last quarter, insiders sold 68,636 shares of company stock worth $20,209,317. Corporate insiders own 1.52% of the company’s stock.
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.
Featured Stories
- Five stocks we like better than General Dynamics
- CD Calculator: Certificate of Deposit Calculator
- Is Crypto Cool Again? What Stocks You Should Be Watching
- Most active stocks: Dollar volume vs share volume
- Why Call Options Volume for These 2 Stocks Spiked Together
- Low PE Growth Stocks: Unlocking Investment Opportunities
- MarketBeat Week in Review – 7/22 – 7/26
Receive News & Ratings for General Dynamics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Dynamics and related companies with MarketBeat.com's FREE daily email newsletter.