Analysts predict that General Dynamics Co. (NYSE:GD) will report earnings of $2.48 per share for the current quarter, Zacks reports. Five analysts have provided estimates for General Dynamics’ earnings, with the lowest EPS estimate coming in at $2.40 and the highest estimate coming in at $2.68. General Dynamics also reported earnings of $2.48 per share during the same quarter last year. The firm is scheduled to report its next earnings report on Wednesday, April 25th.
On average, analysts expect that General Dynamics will report full year earnings of $11.11 per share for the current fiscal year, with EPS estimates ranging from $10.93 to $11.28. For the next financial year, analysts forecast that the business will post earnings of $12.21 per share, with EPS estimates ranging from $11.90 to $12.50. Zacks’ earnings per share calculations are an average based on a survey of research firms that that provide coverage for General Dynamics.
General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, January 24th. The aerospace company reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.37 by $0.13. The business had revenue of $8.28 billion during the quarter, compared to analyst estimates of $8.40 billion. General Dynamics had a net margin of 9.40% and a return on equity of 27.22%. The company’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.89 earnings per share.
In other General Dynamics news, insider John Patrick Casey sold 9,304 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $215.29, for a total transaction of $2,003,058.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John M. Keane sold 1,800 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $216.43, for a total transaction of $389,574.00. The disclosure for this sale can be found here. Insiders have sold 16,314 shares of company stock valued at $3,542,635 in the last ninety days. 6.70% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in GD. Highlander Capital Management LLC grew its stake in General Dynamics by 101.4% during the fourth quarter. Highlander Capital Management LLC now owns 596 shares of the aerospace company’s stock worth $121,000 after buying an additional 300 shares during the period. Resources Investment Advisors Inc. grew its stake in General Dynamics by 92.3% during the fourth quarter. Resources Investment Advisors Inc. now owns 625 shares of the aerospace company’s stock worth $127,000 after buying an additional 300 shares during the period. We Are One Seven LLC purchased a new stake in General Dynamics during the fourth quarter worth approximately $128,000. NuWave Investment Management LLC purchased a new stake in General Dynamics during the fourth quarter worth approximately $130,000. Finally, Prime Capital Investment Advisors LLC purchased a new stake in General Dynamics during the fourth quarter worth approximately $134,000. Institutional investors own 93.40% of the company’s stock.
General Dynamics (NYSE GD) traded up $1.47 during trading hours on Wednesday, hitting $226.28. 1,240,000 shares of the stock were exchanged, compared to its average volume of 1,980,000. The company has a current ratio of 1.40, a quick ratio of 0.99 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $67,190.00, a price-to-earnings ratio of 22.65, a PEG ratio of 2.38 and a beta of 0.83. General Dynamics has a twelve month low of $183.72 and a twelve month high of $229.54.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 11th. Investors of record on Friday, April 13th will be given a dividend of $0.93 per share. This is a positive change from General Dynamics’s previous quarterly dividend of $0.84. This represents a $3.72 annualized dividend and a yield of 1.64%. General Dynamics’s dividend payout ratio is 33.63%.
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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.
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