Somewhat Positive News Coverage Somewhat Unlikely to Impact General Dynamics Corporation (GD) Stock Price
Media coverage about General Dynamics Corporation (NYSE:GD) has trended somewhat positive this week, Accern reports. Accern rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. 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 media sentiment score of 0.18 on Accern’s scale. Accern also assigned press coverage about the aerospace company an impact score of 46.0542252493257 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Accern’s scoring:
- General Dynamics receives $310.6M contract for M1A2 SEP 3 upgrades (upi.com)
- General Dynamics : Fully Outfitted Gulfstream G600 Test Aircraft Completes First Flight (4-traders.com)
- General Dynamics Demonstrates Advanced Mission Command and Control among Unmanned Underwater, Airborne and On-shore Assets at ANTX 2017 (finance.yahoo.com)
- General Dynamics : GenDyn Electric Boat wins acoustic detection contract (4-traders.com)
Shares of General Dynamics Corporation (GD) opened at 200.95 on Wednesday. The firm’s 50 day moving average is $199.81 and its 200 day moving average is $195.09. The company has a market cap of $60.24 billion, a PE ratio of 19.85 and a beta of 0.71. General Dynamics Corporation has a 12 month low of $148.76 and a 12 month high of $205.90.
General Dynamics Corporation (NYSE:GD) last released its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.43 by $0.02. The business had revenue of $7.68 billion during the quarter, compared to analyst estimates of $7.76 billion. General Dynamics Corporation had a net margin of 9.63% and a return on equity of 28.17%. General Dynamics Corporation’s revenue was down 1.3% compared to the same quarter last year. During the same period last year, the business earned $2.30 EPS. On average, equities analysts predict that General Dynamics Corporation will post $9.81 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 10th. Shareholders of record on Friday, October 6th will be paid a dividend of $0.84 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $3.36 dividend on an annualized basis and a yield of 1.67%. General Dynamics Corporation’s dividend payout ratio is currently 34.57%.
Several research firms recently weighed in on GD. BidaskClub upgraded shares of General Dynamics Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 25th. Royal Bank Of Canada restated a “buy” rating and issued a $220.00 price objective on shares of General Dynamics Corporation in a research report on Friday, June 2nd. ValuEngine upgraded shares of General Dynamics Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Jefferies Group LLC restated a “buy” rating and issued a $220.00 price objective on shares of General Dynamics Corporation in a research report on Friday, July 7th. Finally, Cowen and Company restated a “buy” rating and issued a $210.00 price objective on shares of General Dynamics Corporation in a research report on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average 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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