Wall Street analysts expect that General Electric Company (NYSE:GE) will report $0.25 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for General Electric Company’s earnings, with the lowest EPS estimate coming in at $0.24 and the highest estimate coming in at $0.27. General Electric Company posted earnings per share of $0.51 in the same quarter last year, which indicates a negative year over year growth rate of 51%. The company is expected to issue its next quarterly earnings results before the market opens on Friday, July 21st.

On average, analysts expect that General Electric Company will report full-year earnings of $1.63 per share for the current year, with EPS estimates ranging from $1.57 to $1.68. For the next fiscal year, analysts anticipate that the company will post earnings of $1.83 per share, with EPS estimates ranging from $1.50 to $2.00. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that cover General Electric Company.

General Electric Company (NYSE:GE) last announced its quarterly earnings results on Friday, April 21st. The conglomerate reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.04. The company had revenue of $27.66 billion during the quarter, compared to the consensus estimate of $26.37 billion. General Electric Company had a net margin of 7.48% and a return on equity of 16.59%. The company’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.21 earnings per share.

A number of analysts have recently issued reports on GE shares. Barclays PLC reaffirmed an “overweight” rating and set a $36.00 price objective on shares of General Electric Company in a report on Monday, March 20th. Zacks Investment Research raised shares of General Electric Company from a “sell” rating to a “hold” rating in a report on Monday, March 20th. Royal Bank Of Canada reaffirmed a “positive” rating on shares of General Electric Company in a report on Wednesday, March 22nd. BMO Capital Markets reaffirmed a “hold” rating on shares of General Electric Company in a report on Thursday, March 23rd. Finally, J P Morgan Chase & Co reaffirmed a “sell” rating and set a $27.00 price objective on shares of General Electric Company in a report on Tuesday, March 28th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $30.92.

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General Electric Company (GE) opened at 26.78 on Monday. The firm has a market capitalization of $232.56 billion, a P/E ratio of 27.27 and a beta of 1.22. General Electric Company has a one year low of $25.85 and a one year high of $33.00. The stock’s 50 day moving average is $27.94 and its 200 day moving average is $29.66.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 25th. Investors of record on Monday, June 19th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 3.58%. The ex-dividend date is Thursday, June 15th. General Electric Company’s payout ratio is currently 97.96%.

In other news, Director William G. Beattie bought 4,000 shares of the company’s stock in a transaction dated Wednesday, May 17th. The shares were purchased at an average price of $27.70 per share, for a total transaction of $110,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Jeffrey R. Immelt bought 100,000 shares of the company’s stock in a transaction dated Monday, May 15th. The stock was purchased at an average price of $28.07 per share, for a total transaction of $2,807,000.00. Following the purchase, the chairman now owns 2,561,926 shares of the company’s stock, valued at approximately $71,913,262.82. The disclosure for this purchase can be found here. Insiders have purchased 140,000 shares of company stock worth $3,964,600 in the last three months. 0.36% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Ullmann Financial Group Inc. purchased a new position in shares of General Electric Company during the first quarter valued at about $106,000. Feltz Wealth PLAN Inc. purchased a new position in shares of General Electric Company during the first quarter valued at about $114,000. PHH Investments Ltd. increased its position in shares of General Electric Company by 105.0% in the first quarter. PHH Investments Ltd. now owns 3,905 shares of the conglomerate’s stock valued at $116,000 after buying an additional 2,000 shares in the last quarter. Empirical Finance LLC purchased a new position in shares of General Electric Company during the fourth quarter valued at about $140,000. Finally, Northwest Quadrant Wealth Management LLC purchased a new position in shares of General Electric Company during the fourth quarter valued at about $177,000. Hedge funds and other institutional investors own 54.24% of the company’s stock.

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