Brokerages Expect General Dynamics Co. (GD) to Post $2.52 EPS

Equities analysts expect General Dynamics Co. (NYSE:GD) to report earnings per share (EPS) of $2.52 for the current quarter, Zacks reports. Five analysts have made estimates for General Dynamics’ earnings. The lowest EPS estimate is $2.41 and the highest is $2.67. General Dynamics reported earnings of $2.45 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 2.9%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, July 25th.

On average, analysts expect that General Dynamics will report full-year earnings of $11.02 per share for the current fiscal year, with EPS estimates ranging from $10.69 to $11.31. For the next fiscal year, analysts forecast that the company will report earnings of $12.44 per share, with EPS estimates ranging from $12.00 to $12.90. Zacks’ EPS calculations are an average based on a survey of research analysts that cover General Dynamics.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, April 25th. The aerospace company reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $2.49 by $0.16. The business had revenue of $7.50 billion for the quarter, compared to analysts’ expectations of $7.56 billion. General Dynamics had a return on equity of 26.83% and a net margin of 9.49%. The firm’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.48 EPS.

Several analysts recently weighed in on GD shares. ValuEngine lowered General Dynamics from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Royal Bank of Canada restated a “buy” rating and set a $263.00 price objective on shares of General Dynamics in a research report on Friday, April 6th. Credit Suisse Group lowered their target price on General Dynamics from $263.00 to $234.00 in a report on Tuesday, May 22nd. Cowen reiterated an “outperform” rating and issued a $253.00 target price (up from $230.00) on shares of General Dynamics in a report on Monday, February 26th. Finally, JPMorgan Chase & Co. started coverage on General Dynamics in a report on Wednesday, April 4th. They set an “underweight” rating for the company. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company. General Dynamics currently has an average rating of “Hold” and a consensus price target of $240.53.

Shares of NYSE GD traded up $0.95 during mid-day trading on Tuesday, reaching $189.38. The company had a trading volume of 1,703,453 shares, compared to its average volume of 1,520,576. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 1.34. General Dynamics has a one year low of $187.31 and a one year high of $230.00. The stock has a market capitalization of $55.97 billion, a P/E ratio of 19.03, a PEG ratio of 1.76 and a beta of 0.83.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 10th. Investors of record on Friday, July 6th will be given a dividend of $0.93 per share. The ex-dividend date is Thursday, July 5th. This represents a $3.72 annualized dividend and a yield of 1.96%. General Dynamics’s dividend payout ratio (DPR) is presently 37.39%.

Large investors have recently bought and sold shares of the business. Dubuque Bank & Trust Co. increased its stake in General Dynamics by 230.7% during the 1st quarter. Dubuque Bank & Trust Co. now owns 496 shares of the aerospace company’s stock valued at $109,000 after buying an additional 346 shares during the period. Highlander Capital Management LLC lifted its position in General Dynamics by 101.4% during the fourth quarter. Highlander Capital Management LLC now owns 596 shares of the aerospace company’s stock valued at $121,000 after purchasing an additional 300 shares in the last quarter. Optimum Investment Advisors purchased a new position in General Dynamics during the first quarter valued at $134,000. We Are One Seven LLC purchased a new position in General Dynamics during the fourth quarter valued at $128,000. Finally, Moneta Group Investment Advisors LLC lifted its position in General Dynamics by 1,143.4% during the first quarter. Moneta Group Investment Advisors LLC now owns 659 shares of the aerospace company’s stock valued at $146,000 after purchasing an additional 606 shares in the last quarter. 85.99% of the stock is currently owned by institutional investors and hedge funds.

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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