Brokerages forecast that General Electric (NYSE:GE) will post earnings of $0.18 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for General Electric’s earnings, with the lowest EPS estimate coming in at $0.13 and the highest estimate coming in at $0.25. General Electric posted earnings of $0.27 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 33.3%. The firm is scheduled to report its next earnings report on Wednesday, January 23rd.

According to Zacks, analysts expect that General Electric will report full year earnings of $0.67 per share for the current year, with EPS estimates ranging from $0.61 to $0.74. For the next year, analysts forecast that the firm will report earnings of $0.75 per share, with EPS estimates ranging from $0.35 to $0.94. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for General Electric.

General Electric (NYSE:GE) last issued its quarterly earnings data on Tuesday, October 30th. The conglomerate reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.06). The business had revenue of $29.57 billion for the quarter, compared to analyst estimates of $30.08 billion. General Electric had a positive return on equity of 10.29% and a negative net margin of 27.36%. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.29 EPS.

Several brokerages recently commented on GE. Citigroup dropped their price objective on General Electric from $21.00 to $19.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 9th. ValuEngine raised General Electric from a “strong sell” rating to a “sell” rating in a research note on Saturday, October 6th. Morningstar set a $16.10 price objective on General Electric and gave the stock a “buy” rating in a research note on Monday, October 8th. Barclays raised General Electric from an “equal weight” rating to an “overweight” rating and set a $16.00 price objective on the stock in a research note on Monday, October 8th. Finally, JPMorgan Chase & Co. set a $11.00 price objective on General Electric and gave the stock a “sell” rating in a research note on Monday, August 27th. Five research analysts have rated the stock with a sell rating, twelve have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $13.86.

Shares of General Electric stock opened at $7.01 on Wednesday. The firm has a market cap of $63.82 billion, a P/E ratio of 9.67, a price-to-earnings-growth ratio of 2.09 and a beta of 0.88. General Electric has a 12 month low of $6.99 and a 12 month high of $19.39. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.36 and a current ratio of 1.66.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 25th. Shareholders of record on Thursday, December 20th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.57%. General Electric’s dividend payout ratio is 45.71%.

In other news, SVP Alexander Dimitrief purchased 10,000 shares of the company’s stock in a transaction on Tuesday, November 6th. The shares were purchased at an average price of $9.48 per share, with a total value of $94,800.00. Following the purchase, the senior vice president now directly owns 103,075 shares of the company’s stock, valued at approximately $977,151. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman H Lawrence Culp, Jr. purchased 225,000 shares of the company’s stock in a transaction on Thursday, November 1st. The stock was purchased at an average cost of $9.73 per share, for a total transaction of $2,189,250.00. The disclosure for this purchase can be found here. Insiders acquired a total of 295,000 shares of company stock worth $2,783,250 in the last three months. Company insiders own 1.12% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Weik Capital Management grew its holdings in shares of General Electric by 26.7% in the 1st quarter. Weik Capital Management now owns 22,775 shares of the conglomerate’s stock valued at $307,000 after acquiring an additional 4,800 shares in the last quarter. Baldwin Investment Management LLC grew its holdings in shares of General Electric by 32.1% in the 1st quarter. Baldwin Investment Management LLC now owns 23,650 shares of the conglomerate’s stock valued at $319,000 after acquiring an additional 5,750 shares in the last quarter. Shepherd Kaplan Krochuk LLC bought a new position in shares of General Electric in the 1st quarter valued at about $245,000. Financial Advocates Investment Management grew its holdings in shares of General Electric by 15.8% in the 1st quarter. Financial Advocates Investment Management now owns 99,594 shares of the conglomerate’s stock valued at $1,325,000 after acquiring an additional 13,622 shares in the last quarter. Finally, Elgethun Capital Management grew its holdings in shares of General Electric by 2.6% in the 1st quarter. Elgethun Capital Management now owns 239,704 shares of the conglomerate’s stock valued at $3,231,000 after acquiring an additional 6,176 shares in the last quarter. 54.48% of the stock is currently owned by hedge funds and other institutional investors.

General Electric Company Profile

General Electric Company operates as a digital industrial company worldwide. It operates through Power, Renewable Energy, Oil & Gas, Aviation, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, engines, generators, and high voltage equipment; and power generation services and digital solutions.

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Earnings History and Estimates for General Electric (NYSE:GE)

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