Zacks: Brokerages Expect Goldman Sachs Group Inc (GS) Will Post Earnings of $5.68 Per Share
Equities research analysts expect that Goldman Sachs Group Inc (NYSE:GS) will report earnings per share of $5.68 for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Goldman Sachs Group’s earnings, with estimates ranging from $5.28 to $6.05. Goldman Sachs Group posted earnings per share of $5.02 during the same quarter last year, which indicates a positive year-over-year growth rate of 13.1%. The business is scheduled to issue its next quarterly earnings report on Tuesday, October 16th.
On average, analysts expect that Goldman Sachs Group will report full-year earnings of $24.92 per share for the current fiscal year, with EPS estimates ranging from $23.78 to $25.65. For the next financial year, analysts anticipate that the firm will post earnings of $25.65 per share, with EPS estimates ranging from $22.79 to $27.19. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Goldman Sachs Group.
Goldman Sachs Group (NYSE:GS) last released its earnings results on Tuesday, July 17th. The investment management company reported $5.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.66 by $1.32. The firm had revenue of $9.40 billion during the quarter, compared to analysts’ expectations of $8.74 billion. Goldman Sachs Group had a return on equity of 13.58% and a net margin of 15.72%. The company’s revenue was up 19.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.95 EPS.
In other Goldman Sachs Group news, insider David M. Solomon sold 8,382 shares of the firm’s stock in a transaction on Wednesday, July 18th. The shares were sold at an average price of $232.08, for a total value of $1,945,294.56. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider David M. Solomon sold 8,488 shares of the firm’s stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $237.92, for a total transaction of $2,019,464.96. The disclosure for this sale can be found here. 2.57% of the stock is owned by company insiders.
A number of institutional investors have recently made changes to their positions in the business. LMR Partners LLP lifted its position in shares of Goldman Sachs Group by 330.8% in the 2nd quarter. LMR Partners LLP now owns 3,425 shares of the investment management company’s stock worth $755,000 after purchasing an additional 2,630 shares during the period. Doyle Wealth Management lifted its position in shares of Goldman Sachs Group by 1.5% in the 1st quarter. Doyle Wealth Management now owns 46,772 shares of the investment management company’s stock worth $11,780,000 after purchasing an additional 694 shares during the period. Banque Pictet & Cie SA lifted its position in shares of Goldman Sachs Group by 1.0% in the 2nd quarter. Banque Pictet & Cie SA now owns 139,717 shares of the investment management company’s stock worth $30,817,000 after purchasing an additional 1,394 shares during the period. GAM Holding AG lifted its position in shares of Goldman Sachs Group by 44.1% in the 2nd quarter. GAM Holding AG now owns 6,040 shares of the investment management company’s stock worth $1,332,000 after purchasing an additional 1,848 shares during the period. Finally, Commonwealth Bank of Australia lifted its position in shares of Goldman Sachs Group by 3.3% in the 2nd quarter. Commonwealth Bank of Australia now owns 68,735 shares of the investment management company’s stock worth $15,067,000 after purchasing an additional 2,225 shares during the period. 71.04% of the stock is currently owned by institutional investors and hedge funds.
NYSE GS opened at $228.33 on Tuesday. Goldman Sachs Group has a 1 year low of $218.89 and a 1 year high of $275.31. The company has a debt-to-equity ratio of 3.02, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market capitalization of $86.14 billion, a price-to-earnings ratio of 11.56, a PEG ratio of 0.72 and a beta of 1.27.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 27th. Shareholders of record on Thursday, August 30th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Wednesday, August 29th. Goldman Sachs Group’s dividend payout ratio (DPR) is presently 16.19%.
Goldman Sachs Group Company Profile
The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.
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