General Dynamics (GD) Set to Announce Earnings on Wednesday

General Dynamics (NYSE:GD) will be posting its quarterly earnings results before the market opens on Wednesday, April 24th. Analysts expect General Dynamics to post earnings of $3.04 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

General Dynamics (NYSE:GD) last released its earnings results on Wednesday, January 24th. The aerospace company reported $3.64 earnings per share for the quarter, missing analysts’ consensus estimates of $3.68 by ($0.04). The company had revenue of $11.67 billion during the quarter, compared to analysts’ expectations of $11.39 billion. General Dynamics had a net margin of 7.84% and a return on equity of 16.61%. The firm’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.58 earnings per share. On average, analysts expect General Dynamics to post $15 EPS for the current fiscal year and $16 EPS for the next fiscal year.

General Dynamics Stock Up 0.9 %

GD opened at $291.31 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 1.44 and a debt-to-equity ratio of 0.41. The stock has a market cap of $79.93 billion, a price-to-earnings ratio of 24.24, a PEG ratio of 1.83 and a beta of 0.68. General Dynamics has a twelve month low of $202.35 and a twelve month high of $296.50. The company’s 50-day moving average price is $279.51 and its two-hundred day moving average price is $260.57.

General Dynamics Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 12th will be paid a dividend of $1.42 per share. This is a boost from General Dynamics’s previous quarterly dividend of $1.32. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend is Thursday, April 11th. General Dynamics’s dividend payout ratio is presently 47.25%.

Analyst Ratings Changes

A number of analysts recently commented on the stock. UBS Group upped their price target on shares of General Dynamics from $286.00 to $296.00 and gave the company a “neutral” rating in a research note on Monday, January 29th. Barclays upped their price target on shares of General Dynamics from $285.00 to $310.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Susquehanna upped their price target on shares of General Dynamics from $301.00 to $333.00 and gave the company a “positive” rating in a research note on Friday, April 12th. StockNews.com cut shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 3rd. Finally, Wells Fargo & Company increased their target price on shares of General Dynamics from $291.00 to $322.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $283.80.

Insider Transactions at General Dynamics

In other news, EVP Mark C. Roualet sold 73,330 shares of the stock in a transaction on Friday, January 26th. The shares were sold at an average price of $264.75, for a total value of $19,414,117.50. Following the transaction, the executive vice president now owns 149,205 shares of the company’s stock, valued at approximately $39,502,023.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Mark C. Roualet sold 73,330 shares of the stock in a transaction on Friday, January 26th. The shares were sold at an average price of $264.75, for a total transaction of $19,414,117.50. Following the transaction, the executive vice president now owns 149,205 shares of the company’s stock, valued at approximately $39,502,023.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Phebe N. Novakovic sold 32,355 shares of the stock in a transaction on Monday, January 29th. The shares were sold at an average price of $264.31, for a total transaction of $8,551,750.05. Following the transaction, the chief executive officer now directly owns 773,977 shares in the company, valued at approximately $204,569,860.87. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

General Dynamics Company Profile

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment produces and sells business jets; and offers aircraft maintenance and repair, management, aircraft-on-ground support and completion, charter, staffing, and fixed-base operator services.