FY2018 EPS Estimates for Goldman Sachs Increased by Analyst (GS)

Goldman Sachs (NYSE:GS) – Research analysts at Oppenheimer upped their FY2018 earnings per share (EPS) estimates for Goldman Sachs in a report issued on Tuesday, April 17th. Oppenheimer analyst C. Kotowski now anticipates that the investment management company will post earnings of $23.41 per share for the year, up from their prior forecast of $21.12. Oppenheimer has a “Outperform” rating and a $308.00 price objective on the stock. Oppenheimer also issued estimates for Goldman Sachs’ FY2019 earnings at $25.64 EPS.

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Goldman Sachs (NYSE:GS) last posted its quarterly earnings results on Tuesday, April 17th. The investment management company reported $6.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $5.58 by $1.37. The company had revenue of $10.04 billion for the quarter, compared to the consensus estimate of $8.73 billion. Goldman Sachs had a net margin of 14.27% and a return on equity of 12.10%. The firm’s revenue was up 25.0% compared to the same quarter last year. During the same quarter last year, the firm posted $5.15 EPS.



Several other research analysts have also recently issued reports on the stock. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Goldman Sachs in a report on Wednesday. Credit Suisse Group increased their target price on shares of Goldman Sachs from $274.00 to $280.00 and gave the stock a “neutral” rating in a report on Wednesday. BMO Capital Markets reiterated a “hold” rating and set a $245.00 target price (up from $221.00) on shares of Goldman Sachs in a report on Wednesday. Buckingham Research increased their target price on shares of Goldman Sachs from $285.00 to $292.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, Royal Bank of Canada reiterated a “neutral” rating and set a $265.00 target price on shares of Goldman Sachs in a report on Tuesday. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Goldman Sachs has a consensus rating of “Hold” and a consensus target price of $266.29.

Shares of Goldman Sachs stock opened at $254.17 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.93 and a debt-to-equity ratio of 2.69. Goldman Sachs has a 1 year low of $209.62 and a 1 year high of $275.31. The stock has a market cap of $96,491.30, a price-to-earnings ratio of 12.86, a price-to-earnings-growth ratio of 1.01 and a beta of 1.37.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 28th. Shareholders of record on Thursday, May 31st will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Wednesday, May 30th. This is a positive change from Goldman Sachs’s previous quarterly dividend of $0.75. This represents a $3.20 dividend on an annualized basis and a yield of 1.26%. Goldman Sachs’s dividend payout ratio (DPR) is currently 15.18%.

In related news, insider Brian J. Lee sold 6,738 shares of Goldman Sachs stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $263.92, for a total value of $1,778,292.96. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP John F.W. Rogers sold 4,400 shares of Goldman Sachs stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $265.37, for a total transaction of $1,167,628.00. The disclosure for this sale can be found here. Insiders have sold a total of 66,048 shares of company stock valued at $17,668,347 over the last three months. 2.57% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in GS. Icon Wealth Partners LLC acquired a new stake in Goldman Sachs in the 4th quarter valued at $113,000. Cerebellum GP LLC acquired a new stake in Goldman Sachs in the 4th quarter valued at $122,000. Prime Capital Investment Advisors LLC acquired a new stake in Goldman Sachs in the 4th quarter valued at $127,000. We Are One Seven LLC acquired a new stake in Goldman Sachs in the 4th quarter valued at $137,000. Finally, Waldron LP acquired a new stake in Goldman Sachs during the 4th quarter worth $203,000. 73.21% of the stock is currently owned by hedge funds and other institutional investors.

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About Goldman Sachs

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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