Equities research analysts forecast that Goldman Sachs Group Inc (NYSE:GS) will report sales of $8.36 billion for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Goldman Sachs Group’s earnings, with the highest sales estimate coming in at $8.43 billion and the lowest estimate coming in at $8.29 billion. Goldman Sachs Group reported sales of $8.08 billion during the same quarter last year, which would suggest a positive year over year growth rate of 3.5%. The business is scheduled to report its next quarterly earnings results on Wednesday, January 15th.

According to Zacks, analysts expect that Goldman Sachs Group will report full year sales of $35.04 billion for the current financial year, with estimates ranging from $34.97 billion to $35.11 billion. For the next year, analysts forecast that the firm will report sales of $36.18 billion, with estimates ranging from $35.81 billion to $36.67 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Goldman Sachs Group.

Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Tuesday, October 15th. The investment management company reported $4.79 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $5.03 by ($0.24). Goldman Sachs Group had a net margin of 18.86% and a return on equity of 11.41%. The firm had revenue of $8.32 billion for the quarter, compared to analysts’ expectations of $8.33 billion. During the same period in the previous year, the company earned $6.28 EPS. The company’s quarterly revenue was down 3.8% on a year-over-year basis.

Several brokerages recently issued reports on GS. Morgan Stanley reiterated an “equal weight” rating and set a $250.00 price target (up previously from $244.00) on shares of Goldman Sachs Group in a research report on Monday, November 18th. Odeon Capital Group lowered shares of Goldman Sachs Group from a “buy” rating to a “hold” rating in a report on Thursday, September 5th. BMO Capital Markets lifted their price objective on Goldman Sachs Group from $273.00 to $278.00 and gave the company a “market perform” rating in a research report on Wednesday, October 16th. Oppenheimer cut their price objective on Goldman Sachs Group from $316.00 to $301.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 16th. Finally, Zacks Investment Research upgraded Goldman Sachs Group from a “sell” rating to a “hold” rating and set a $235.00 target price on the stock in a report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $245.42.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Next Capital Management LLC bought a new position in shares of Goldman Sachs Group in the second quarter worth about $28,000. Advantage Investment Management LLC purchased a new stake in Goldman Sachs Group in the 3rd quarter worth approximately $29,000. Motco increased its holdings in Goldman Sachs Group by 146.7% in the 2nd quarter. Motco now owns 148 shares of the investment management company’s stock worth $30,000 after acquiring an additional 88 shares in the last quarter. B & T Capital Management DBA Alpha Capital Management bought a new stake in Goldman Sachs Group during the 3rd quarter worth approximately $32,000. Finally, Marquette Asset Management LLC raised its stake in Goldman Sachs Group by 91.5% during the 3rd quarter. Marquette Asset Management LLC now owns 157 shares of the investment management company’s stock worth $33,000 after acquiring an additional 75 shares during the period. Institutional investors and hedge funds own 69.55% of the company’s stock.

NYSE GS traded up $7.47 on Thursday, hitting $224.61. The company’s stock had a trading volume of 4,229,442 shares, compared to its average volume of 1,740,736. The firm has a market cap of $76.89 billion, a P/E ratio of 8.89, a PEG ratio of 0.84 and a beta of 1.36. Goldman Sachs Group has a 52-week low of $151.70 and a 52-week high of $225.40. The company’s 50-day simple moving average is $217.51 and its 200 day simple moving average is $207.07. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 2.68.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 2nd will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date is Friday, November 29th. Goldman Sachs Group’s payout ratio is presently 19.79%.

About Goldman Sachs Group

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates in four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.

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Earnings History and Estimates for Goldman Sachs Group (NYSE:GS)

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