Wall Street brokerages forecast that General Dynamics Corporation (NYSE:GD) will report earnings of $2.38 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for General Dynamics’ earnings, with estimates ranging from $2.32 to $2.53. General Dynamics reported earnings of $2.62 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 9.2%. The firm is scheduled to issue its next earnings report on Friday, January 26th.

On average, analysts expect that General Dynamics will report full year earnings of $9.81 per share for the current financial year, with EPS estimates ranging from $9.75 to $9.86. For the next year, analysts forecast that the business will report earnings of $10.55 per share, with EPS estimates ranging from $9.94 to $10.90. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover General Dynamics.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, October 25th. The aerospace company reported $2.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.43 by $0.09. General Dynamics had a net margin of 9.94% and a return on equity of 27.98%. The company had revenue of $7.58 billion during the quarter, compared to analysts’ expectations of $7.94 billion. During the same quarter in the prior year, the company earned $2.36 EPS. The firm’s revenue was down 1.0% on a year-over-year basis.

GD has been the subject of a number of research reports. Cowen Inc reaffirmed a “buy” rating and issued a $230.00 price objective on shares of General Dynamics in a research note on Thursday, October 19th. Zacks Investment Research raised shares of General Dynamics from a “hold” rating to a “buy” rating and set a $230.00 price objective for the company in a research note on Monday, October 2nd. ValuEngine raised shares of General Dynamics from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Jefferies Group LLC reiterated a “buy” rating on shares of General Dynamics in a report on Friday, August 11th. Finally, BidaskClub upgraded shares of General Dynamics from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $218.45.

Shares of General Dynamics (NYSE GD) traded down $0.13 during trading on Friday, hitting $200.00. 411,418 shares of the stock were exchanged, compared to its average volume of 1,050,000. General Dynamics has a 12 month low of $168.00 and a 12 month high of $214.81. The stock has a market cap of $59,700.00, a PE ratio of 19.86, a price-to-earnings-growth ratio of 2.40 and a beta of 0.73. The company has a quick ratio of 0.93, a current ratio of 1.37 and a debt-to-equity ratio of 0.34.

In other General Dynamics news, VP Gregory S. Gallopoulos sold 78,370 shares of the company’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $202.93, for a total value of $15,903,624.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Patrick Casey sold 34,945 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $201.38, for a total transaction of $7,037,224.10. Following the completion of the transaction, the insider now owns 144,378 shares of the company’s stock, valued at $29,074,841.64. The disclosure for this sale can be found here. Corporate insiders own 6.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of GD. BlackRock Inc. raised its holdings in General Dynamics by 2,645.5% in the 1st quarter. BlackRock Inc. now owns 15,509,344 shares of the aerospace company’s stock worth $2,903,351,000 after purchasing an additional 14,944,453 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of General Dynamics by 44,941.4% in the 2nd quarter. Janus Henderson Group PLC now owns 4,998,693 shares of the aerospace company’s stock worth $990,241,000 after acquiring an additional 4,987,595 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of General Dynamics by 2,097.3% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,711,597 shares of the aerospace company’s stock worth $353,351,000 after acquiring an additional 1,633,700 shares in the last quarter. Janus Capital Management LLC increased its stake in shares of General Dynamics by 22.1% in the 1st quarter. Janus Capital Management LLC now owns 4,148,390 shares of the aerospace company’s stock worth $776,563,000 after acquiring an additional 749,793 shares in the last quarter. Finally, Capital Research Global Investors increased its stake in shares of General Dynamics by 4.5% in the 2nd quarter. Capital Research Global Investors now owns 16,792,408 shares of the aerospace company’s stock worth $3,326,576,000 after acquiring an additional 725,896 shares in the last quarter. Institutional investors and hedge funds own 85.22% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This report was first reported by Watch List News and is the sole property of of Watch List News. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://www.watchlistnews.com/zacks-analysts-anticipate-general-dynamics-corporation-gd-will-announce-earnings-of-2-38-per-share/1726202.html.

General Dynamics 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.

Get a free copy of the Zacks research report on General Dynamics (GD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for General Dynamics Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Dynamics Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.