GE Aerospace (NYSE:GE – Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 5.600-5.800 for the period, compared to the consensus estimate of 5.568. The company issued revenue guidance of -.
Analyst Ratings Changes
Several research firms have issued reports on GE. Northcoast Research lowered GE Aerospace from a “buy” rating to a “neutral” rating in a research note on Monday, May 19th. UBS Group boosted their price objective on GE Aerospace from $207.00 to $216.00 and gave the company a “buy” rating in a research report on Wednesday, April 23rd. Wells Fargo & Company upped their target price on GE Aerospace from $212.00 to $222.00 and gave the company an “overweight” rating in a report on Thursday, April 24th. Royal Bank Of Canada set a $275.00 price target on GE Aerospace and gave the company an “outperform” rating in a research note on Tuesday, June 3rd. Finally, Citigroup reiterated a “buy” rating and issued a $296.00 price objective (up previously from $227.00) on shares of GE Aerospace in a report on Monday. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $229.50.
Get Our Latest Stock Report on GE
GE Aerospace Trading Down 2.2%
GE Aerospace (NYSE:GE – Get Free Report) last posted its earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.43 by $0.23. The company had revenue of $10.15 billion during the quarter, compared to analyst estimates of $9.49 billion. GE Aerospace had a return on equity of 29.15% and a net margin of 17.63%. The business’s revenue was up 21.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.20 earnings per share. As a group, sell-side analysts predict that GE Aerospace will post 5.4 earnings per share for the current fiscal year.
GE Aerospace Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Monday, July 7th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.55%. GE Aerospace’s dividend payout ratio (DPR) is presently 22.40%.
Insider Buying and Selling
In other GE Aerospace news, VP Robert M. Giglietti sold 4,104 shares of the company’s stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $196.73, for a total value of $807,379.92. Following the completion of the sale, the vice president directly owned 11,540 shares in the company, valued at $2,270,264.20. This represents a 26.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Mohamed Ali sold 1,602 shares of the business’s stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $200.67, for a total value of $321,473.34. Following the completion of the sale, the senior vice president owned 8,805 shares of the company’s stock, valued at approximately $1,766,899.35. This trade represents a 15.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.21% of the company’s stock.
Institutional Trading of GE Aerospace
A hedge fund recently raised its stake in GE Aerospace stock. Revolve Wealth Partners LLC increased its holdings in shares of GE Aerospace (NYSE:GE – Free Report) by 7.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,251 shares of the company’s stock after buying an additional 150 shares during the quarter. Revolve Wealth Partners LLC’s holdings in GE Aerospace were worth $375,000 as of its most recent SEC filing. Institutional investors and hedge funds own 74.77% of the company’s stock.
About GE Aerospace
GE Aerospace (also known as General Electric) is a company that specializes in providing aerospace products and services. It operates through two reportable segments: Commercial Engines and Services and Defense and Propulsion Technologies. It offers jet and turboprop engines, as well as integrated systems for commercial, military, business, and general aviation aircraft.
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