Equities analysts predict that General Electric (NYSE:GE) will report sales of $31.85 billion for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for General Electric’s earnings. The lowest sales estimate is $30.90 billion and the highest is $32.64 billion. General Electric posted sales of $31.40 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 1.4%. The business is expected to announce its next earnings report on Wednesday, January 23rd.

On average, analysts expect that General Electric will report full year sales of $120.18 billion for the current fiscal year, with estimates ranging from $119.24 billion to $120.98 billion. For the next fiscal year, analysts expect that the business will post sales of $117.65 billion, with estimates ranging from $113.49 billion to $122.29 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow General Electric.

General Electric (NYSE:GE) last posted its quarterly earnings results on Tuesday, October 30th. The conglomerate reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.06). The company had revenue of $29.57 billion during the quarter, compared to the consensus estimate of $30.08 billion. General Electric had a positive return on equity of 10.29% and a negative net margin of 27.36%. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period last year, the firm posted $0.29 EPS.

A number of equities research analysts recently commented on GE shares. JPMorgan Chase & Co. reaffirmed a “sell” rating and issued a $11.00 price target on shares of General Electric in a report on Thursday, August 9th. Morningstar set a $15.70 price target on shares of General Electric and gave the stock a “buy” rating in a report on Monday, August 13th. UBS Group lowered their price target on shares of General Electric from $16.00 to $13.00 and set a “neutral” rating on the stock in a report on Wednesday, September 5th. Zacks Investment Research cut shares of General Electric from a “hold” rating to a “sell” rating in a report on Monday, September 24th. Finally, Gabelli reaffirmed a “buy” rating and issued a $21.00 price target on shares of General Electric in a report on Monday, September 24th. Five investment analysts have rated the stock with a sell rating, twelve have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $13.86.

In other General Electric news, Director Francisco Dsouza acquired 60,000 shares of General Electric stock in a transaction that occurred on Wednesday, November 14th. The stock was acquired at an average cost of $8.32 per share, for a total transaction of $499,200.00. Following the purchase, the director now owns 151,500 shares of the company’s stock, valued at $1,260,480. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Alexander Dimitrief acquired 10,000 shares of General Electric stock in a transaction that occurred on Tuesday, November 6th. The stock was acquired at an average price of $9.48 per share, with a total value of $94,800.00. Following the completion of the purchase, the senior vice president now directly owns 103,075 shares in the company, valued at approximately $977,151. The disclosure for this purchase can be found here. Insiders purchased a total of 295,000 shares of company stock valued at $2,783,250 over the last quarter. 1.12% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Matthew Goff Investment Advisor LLC grew its position in shares of General Electric by 8.0% during the 3rd quarter. Matthew Goff Investment Advisor LLC now owns 226,342 shares of the conglomerate’s stock valued at $2,555,000 after purchasing an additional 16,810 shares in the last quarter. Great Lakes Advisors LLC grew its position in shares of General Electric by 6.2% during the 3rd quarter. Great Lakes Advisors LLC now owns 5,660,230 shares of the conglomerate’s stock valued at $63,904,000 after purchasing an additional 331,577 shares in the last quarter. Belpointe Asset Management LLC grew its position in shares of General Electric by 19.3% during the 3rd quarter. Belpointe Asset Management LLC now owns 90,572 shares of the conglomerate’s stock valued at $1,023,000 after purchasing an additional 14,680 shares in the last quarter. Vanguard Group Inc. grew its position in shares of General Electric by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 635,893,221 shares of the conglomerate’s stock valued at $7,179,235,000 after purchasing an additional 6,167,111 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd grew its position in shares of General Electric by 86.0% during the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 13,622,936 shares of the conglomerate’s stock valued at $153,803,000 after purchasing an additional 6,300,429 shares in the last quarter. Hedge funds and other institutional investors own 54.48% of the company’s stock.

NYSE:GE opened at $7.35 on Friday. The company has a current ratio of 1.66, a quick ratio of 1.36 and a debt-to-equity ratio of 2.03. The company has a market capitalization of $63.21 billion, a P/E ratio of 7.00, a P/E/G ratio of 2.07 and a beta of 0.88. General Electric has a 12 month low of $7.15 and a 12 month high of $19.39.

General Electric Company Profile

General Electric Company operates as a digital industrial company worldwide. It operates through Power, Renewable Energy, Oil & Gas, Aviation, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, engines, generators, and high voltage equipment; and power generation services and digital solutions.

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Earnings History and Estimates for General Electric (NYSE:GE)

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