General Electric (GE) Earning Somewhat Positive Media Coverage, Analysis Finds
Press coverage about General Electric (NYSE:GE) has been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. General Electric earned a news sentiment score of 0.10 on Accern’s scale. Accern also assigned press coverage about the conglomerate an impact score of 45.9634107033898 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- BRIEF-Baker Hughes, A GE Company announces August 2017 rig counts (reuters.com)
- General Electric Company (GE) Presents At Vertical Research 8th Global Industrial Conference – Slideshow (seekingalpha.com)
- US Market Indexes Lower on Thursday (finance.yahoo.com)
- GE shares are trading lower than after Lehman's bankruptc… (finance.yahoo.com)
- GE Aviation’s Indiana engine factory hopes to grow workforce (marketbeat.com)
General Electric (NYSE:GE) traded down 0.83% during trading on Friday, reaching $23.82. The company had a trading volume of 44,604,454 shares. The firm’s 50 day moving average is $25.05 and its 200 day moving average is $27.80. The company has a market capitalization of $206.23 billion, a PE ratio of 29.01 and a beta of 1.22. General Electric has a one year low of $23.58 and a one year high of $32.38. General Electric also saw unusually large options trading on Tuesday. Stock investors acquired 50,179 put options on the stock. This is an increase of 331% compared to the average volume of 11,631 put options.
General Electric (NYSE:GE) last issued its quarterly earnings data on Friday, July 21st. The conglomerate reported $0.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.03. The company had revenue of $29.56 billion for the quarter, compared to analysts’ expectations of $29.07 billion. General Electric had a return on equity of 14.59% and a net margin of 6.45%. The firm’s revenue for the quarter was down 11.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 earnings per share. On average, equities research analysts predict that General Electric will post $1.56 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Monday, September 18th will be paid a dividend of $0.24 per share. The ex-dividend date is Friday, September 15th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.03%. General Electric’s dividend payout ratio is 118.52%.
GE has been the topic of a number of research analyst reports. TheStreet lowered General Electric from a “b-” rating to a “c” rating in a research note on Friday, May 19th. Morgan Stanley restated an “equal weight” rating and issued a $27.00 target price on shares of General Electric in a research note on Monday, July 17th. Stifel Nicolaus restated a “buy” rating on shares of General Electric in a research note on Wednesday, June 14th. Zacks Investment Research lowered General Electric from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st. Finally, Deutsche Bank AG lowered General Electric from a “hold” rating to a “sell” rating and decreased their target price for the stock from $28.00 to $24.00 in a research note on Friday, May 12th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $30.08.
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In other news, Vice Chairman Elizabeth J. Comstock sold 24,693 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $25.65, for a total transaction of $633,375.45. Following the transaction, the insider now owns 175,717 shares of the company’s stock, valued at $4,507,141.05. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James S. Tisch bought 100,000 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The shares were acquired at an average cost of $24.56 per share, for a total transaction of $2,456,000.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 233,253 shares of company stock worth $5,860,264. Insiders own 0.36% of the company’s stock.
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