Somewhat Positive Media Coverage Somewhat Unlikely to Affect General Dynamics Corporation (GD) Share Price
News articles about General Dynamics Corporation (NYSE:GD) have trended somewhat positive on Saturday, according to Accern. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. General Dynamics Corporation earned a news impact score of 0.19 on Accern’s scale. Accern also assigned press coverage about the aerospace company an impact score of 46.4576887874809 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
- General Dynamics Embarks on a Long, and Lucrative, Underwater Mission – Motley Fool (fool.com)
- General Dynamics Embarks on a Long, and Lucrative, Underwater Mission – Madison.com (host.madison.com)
- Honeywell ups dividend, seeks to avoid aerospace spinoff – Reuters (reuters.com)
- $2.42 EPS Expected for General Dynamics Corporation (GD) This Quarter (americanbankingnews.com)
Shares of General Dynamics Corporation (NYSE GD) traded up 0.27% on Friday, reaching $205.58. 732,246 shares of the company were exchanged. The stock has a 50 day moving average price of $199.30 and a 200-day moving average price of $196.51. The stock has a market capitalization of $61.63 billion, a P/E ratio of 20.31 and a beta of 0.71. General Dynamics Corporation has a 12 month low of $148.76 and a 12 month high of $206.57.
General Dynamics Corporation (NYSE:GD) last announced its earnings results on Wednesday, July 26th. The aerospace company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.43 by $0.02. The firm had revenue of $7.68 billion for the quarter, compared to the consensus estimate of $7.76 billion. General Dynamics Corporation had a net margin of 9.63% and a return on equity of 28.17%. The business’s quarterly revenue was down 1.3% on a year-over-year basis. During the same period last year, the company posted $2.30 EPS. On average, equities analysts expect that General Dynamics Corporation will post $9.80 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 10th. Shareholders of record on Friday, October 6th will be issued a dividend of $0.84 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $3.36 annualized dividend and a yield of 1.63%. General Dynamics Corporation’s dividend payout ratio (DPR) is currently 34.57%.
A number of equities research analysts have recently issued reports on the stock. UBS AG restated a “buy” rating and set a $225.00 price target (up previously from $215.00) on shares of General Dynamics Corporation in a report on Monday, June 12th. BidaskClub upgraded shares of General Dynamics Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Jefferies Group LLC restated a “buy” rating on shares of General Dynamics Corporation in a report on Friday, August 11th. Zacks Investment Research lowered shares of General Dynamics Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Morgan Stanley assumed coverage on shares of General Dynamics Corporation in a report on Tuesday, August 8th. They set an “underweight” rating and a $185.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the stock. General Dynamics Corporation has a consensus rating of “Buy” and a consensus target price of $206.59.
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General Dynamics Corporation Company Profile
General Dynamics Corporation is a global aerospace and defense company. The Company offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; information technology (IT) services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions, and shipbuilding and ship repair.
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