Brokerages expect that General Dynamics Co. (NYSE:GD) will report sales of $9.43 billion for the current fiscal quarter, according to Zacks. Five analysts have made estimates for General Dynamics’ earnings, with the lowest sales estimate coming in at $9.21 billion and the highest estimate coming in at $9.64 billion. General Dynamics posted sales of $7.58 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 24.4%. The company is scheduled to announce its next quarterly earnings results on Wednesday, October 24th.

According to Zacks, analysts expect that General Dynamics will report full year sales of $36.66 billion for the current year, with estimates ranging from $36.57 billion to $36.73 billion. For the next year, analysts anticipate that the firm will post sales of $40.09 billion per share, with estimates ranging from $39.73 billion to $40.40 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover General Dynamics.

General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, July 25th. The aerospace company reported $2.82 EPS for the quarter, topping the Zacks’ consensus estimate of $2.49 by $0.33. The business had revenue of $9.19 billion during the quarter, compared to analyst estimates of $9.09 billion. General Dynamics had a return on equity of 27.06% and a net margin of 9.16%. The company’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.45 EPS.

A number of analysts have commented on the company. Credit Suisse Group reduced their target price on General Dynamics from $263.00 to $234.00 in a report on Tuesday, May 22nd. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $225.00 target price on shares of General Dynamics in a report on Thursday, June 14th. Barclays reissued an “overweight” rating and issued a $256.00 target price on shares of General Dynamics in a report on Thursday, June 14th. Bank of America set a $275.00 target price on General Dynamics and gave the stock a “buy” rating in a report on Tuesday, July 31st. Finally, ValuEngine raised General Dynamics from a “sell” rating to a “hold” rating in a report on Saturday, July 28th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $239.39.

In related news, insider John Patrick Casey sold 22,500 shares of General Dynamics stock in a transaction on Monday, July 16th. The stock was sold at an average price of $191.99, for a total value of $4,319,775.00. Following the completion of the sale, the insider now owns 118,555 shares of the company’s stock, valued at $22,761,374.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 6.90% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. CSat Investment Advisory L.P. bought a new stake in General Dynamics during the second quarter valued at about $101,000. CX Institutional bought a new stake in General Dynamics during the second quarter valued at about $107,000. Dubuque Bank & Trust Co. grew its holdings in General Dynamics by 230.7% during the first quarter. Dubuque Bank & Trust Co. now owns 496 shares of the aerospace company’s stock valued at $109,000 after purchasing an additional 346 shares during the period. James Investment Research Inc. bought a new stake in General Dynamics during the second quarter valued at about $112,000. Finally, BerganKDV Wealth Management LLC bought a new stake in General Dynamics during the second quarter valued at about $114,000. 85.47% of the stock is owned by institutional investors and hedge funds.

General Dynamics stock opened at $195.62 on Wednesday. The firm has a market capitalization of $57.21 billion, a price-to-earnings ratio of 19.66, a price-to-earnings-growth ratio of 1.54 and a beta of 0.83. General Dynamics has a 12 month low of $184.21 and a 12 month high of $230.00. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.20 and a quick ratio of 0.84.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 9th. Investors of record on Friday, October 5th will be issued a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Thursday, October 4th. General Dynamics’s payout ratio is currently 37.39%.

About General Dynamics

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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