General Electric (GE) Receives Daily News Sentiment Score of 0.11
Media headlines about General Electric (NYSE:GE) have been trending somewhat positive this week, Accern reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. General Electric earned a coverage optimism score of 0.11 on Accern’s scale. Accern also gave media headlines about the conglomerate an impact score of 45.4266795846648 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- General Electric Stuck in Role as DJIA’s Worst Stock of 2017 (feedproxy.google.com)
- GE to supply turbines for Australia’s largest wind farm – Seeking Alpha (seekingalpha.com)
- Warren Buffett Ditched General Electric Company (GE) Stock and So Should You – Yahoo Finance (finance.yahoo.com)
- General Electric Company (GE) Stock Is Still the Same Old Trick – Investorplace.com (investorplace.com)
- Global Smart Lighting and Control Systems Market 2017 – General Electric Company, Koninklijke Philips NV, Belkin International (sbwire.com)
A number of analysts have commented on the company. TheStreet lowered General Electric from a “b-” rating to a “c” rating in a report on Friday, May 19th. Morgan Stanley reissued an “equal weight” rating and set a $27.00 price objective on shares of General Electric in a report on Monday, July 17th. Stifel Nicolaus reissued a “buy” rating on shares of General Electric in a report on Wednesday, June 14th. Zacks Investment Research lowered General Electric from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. Finally, Deutsche Bank AG lowered General Electric from a “hold” rating to a “sell” rating and decreased their price objective for the stock from $28.00 to $24.00 in a report on Friday, May 12th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. General Electric currently has a consensus rating of “Hold” and an average price target of $30.08.
General Electric (GE) traded down 0.81% during midday trading on Friday, hitting $24.55. The company’s stock had a trading volume of 34,273,076 shares. The company’s 50 day moving average price is $25.95 and its 200 day moving average price is $28.34. General Electric has a 12 month low of $24.44 and a 12 month high of $32.38. The firm has a market cap of $212.55 billion, a P/E ratio of 29.90 and a beta of 1.21.
General Electric (NYSE:GE) last issued its quarterly earnings data on Friday, July 21st. The conglomerate reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. General Electric had a net margin of 6.45% and a return on equity of 14.59%. The firm had revenue of $29.56 billion during the quarter, compared to the consensus estimate of $29.07 billion. During the same quarter in the previous year, the firm posted $0.51 EPS. The company’s revenue for the quarter was down 11.8% compared to the same quarter last year. Analysts expect that General Electric will post $1.57 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 25th. Stockholders of record on Monday, June 19th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date was Thursday, June 15th. General Electric’s payout ratio is 118.52%.
In other General Electric news, insider Alexander Dimitrief acquired 1,845 shares of the business’s stock in a transaction dated Monday, July 24th. The stock was purchased at an average price of $25.54 per share, with a total value of $47,121.30. Following the transaction, the insider now directly owns 65,597 shares in the company, valued at approximately $1,675,347.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO John Leonard Flannery acquired 103,983 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were acquired at an average cost of $25.56 per share, with a total value of $2,657,805.48. Following the transaction, the chief executive officer now owns 509,430 shares in the company, valued at $13,021,030.80. The disclosure for this purchase can be found here. In the last three months, insiders have bought 133,253 shares of company stock valued at $3,404,264. Insiders own 0.36% of the company’s stock.
About General Electric
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