Equities research analysts expect General Dynamics (NYSE:GD) to post $9.14 billion in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for General Dynamics’ earnings, with the highest sales estimate coming in at $9.20 billion and the lowest estimate coming in at $9.10 billion. General Dynamics reported sales of $7.68 billion during the same quarter last year, which indicates a positive year over year growth rate of 19%. The company is scheduled to report its next earnings results on Wednesday, July 25th.

On average, analysts expect that General Dynamics will report full-year sales of $35.97 billion for the current year, with estimates ranging from $35.96 billion to $36.00 billion. For the next financial year, analysts forecast that the business will report sales of $39.10 billion per share, with estimates ranging from $38.95 billion to $39.19 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow General Dynamics.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Wednesday, April 25th. The aerospace company reported $2.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.49 by $0.16. General Dynamics had a return on equity of 26.83% and a net margin of 9.49%. The firm had revenue of $7.50 billion during the quarter, compared to the consensus estimate of $7.56 billion. During the same period in the previous year, the firm posted $2.48 EPS. The company’s quarterly revenue was up .8% compared to the same quarter last year.

GD has been the subject of several research reports. Zacks Investment Research upgraded General Dynamics from a “hold” rating to a “buy” rating and set a $234.00 price objective for the company in a research report on Friday, January 19th. Royal Bank of Canada set a $246.00 price objective on General Dynamics and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. Jefferies Group lifted their price objective on General Dynamics to $247.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. They noted that the move was a valuation call. Credit Suisse Group lifted their price objective on General Dynamics from $238.00 to $259.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Finally, Citigroup lifted their price objective on General Dynamics from $215.00 to $235.00 and gave the stock a “neutral” rating in a research report on Thursday, January 25th. Two analysts have rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $242.72.

In other news, Director Lester L. Lyles sold 5,210 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $220.73, for a total transaction of $1,150,003.30. Following the completion of the sale, the director now directly owns 12,537 shares of the company’s stock, valued at approximately $2,767,292.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John Patrick Casey sold 4,133 shares of the business’s stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $225.27, for a total transaction of $931,040.91. Following the sale, the executive vice president now directly owns 96,055 shares of the company’s stock, valued at $21,638,309.85. The disclosure for this sale can be found here. Insiders sold a total of 19,253 shares of company stock valued at $4,322,831 over the last ninety days. 6.90% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in GD. Sit Investment Associates Inc. grew its stake in shares of General Dynamics by 170.0% during the 4th quarter. Sit Investment Associates Inc. now owns 953 shares of the aerospace company’s stock valued at $194,000 after buying an additional 600 shares during the period. Atria Investments LLC grew its stake in shares of General Dynamics by 13.2% during the 4th quarter. Atria Investments LLC now owns 13,781 shares of the aerospace company’s stock valued at $2,804,000 after buying an additional 1,608 shares during the period. E&G Advisors LP purchased a new stake in shares of General Dynamics during the 4th quarter valued at $215,000. National Pension Service grew its stake in shares of General Dynamics by 4.0% during the 4th quarter. National Pension Service now owns 225,666 shares of the aerospace company’s stock valued at $45,912,000 after buying an additional 8,617 shares during the period. Finally, Community Bank & Trust Waco Texas grew its stake in shares of General Dynamics by 2.3% during the 4th quarter. Community Bank & Trust Waco Texas now owns 13,399 shares of the aerospace company’s stock valued at $2,726,000 after buying an additional 304 shares during the period. 85.74% of the stock is owned by institutional investors.

Shares of General Dynamics stock opened at $200.50 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.34 and a quick ratio of 0.98. General Dynamics has a 1 year low of $201.35 and a 1 year high of $202.58. The company has a market cap of $60.32 billion, a P/E ratio of 20.15, a P/E/G ratio of 1.97 and a beta of 0.84.

The company also recently announced a quarterly dividend, which was paid on Friday, May 11th. Shareholders of record on Friday, April 13th were paid a $0.93 dividend. This is a boost from General Dynamics’s previous quarterly dividend of $0.84. This represents a $3.72 annualized dividend and a yield of 1.86%. The ex-dividend date was Thursday, April 12th. General Dynamics’s payout ratio is presently 37.39%.

General Dynamics Company Profile

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four business groups: Aerospace; Combat Systems; Information Systems and Technology; and Marine Systems. The Aerospace group designs, develops, manufactures, service and supports business-jet aircraft; and provides aircraft services, such as maintenance, aircraft management, charter, fixed-base operational, and staffing services.

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