GE Aerospace (NYSE:GE) Issues Earnings Results

GE Aerospace (NYSE:GE) announced its quarterly earnings data on Thursday. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.23, Zacks reports. The business had revenue of $10.15 billion during the quarter, compared to analysts’ expectations of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%. The firm’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.20 earnings per share. GE Aerospace updated its FY 2025 guidance to 5.600-5.800 EPS.

GE Aerospace Stock Performance

NYSE:GE opened at $263.49 on Friday. The stock has a 50-day simple moving average of $244.37 and a two-hundred day simple moving average of $211.75. GE Aerospace has a 52-week low of $150.20 and a 52-week high of $272.80. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.77 and a current ratio of 1.04. The firm has a market capitalization of $280.98 billion, a PE ratio of 36.75, a P/E/G ratio of 3.05 and a beta of 1.37.

GE Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Shareholders 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 yield of 0.55%. GE Aerospace’s dividend payout ratio is presently 22.40%.

Analysts Set New Price Targets

GE has been the subject of several recent analyst reports. Wells Fargo & Company boosted their price target on GE Aerospace from $212.00 to $222.00 and gave the stock an “overweight” rating in a research note on Thursday, April 24th. Citigroup restated a “buy” rating and issued a $296.00 price target (up previously from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Northcoast Research cut GE Aerospace from a “buy” rating to a “neutral” rating in a research note on Monday, May 19th. Wall Street Zen upgraded GE Aerospace from a “hold” rating to a “buy” rating in a research note on Friday. Finally, UBS Group lifted their price objective on GE Aerospace from $300.00 to $321.00 and gave the stock a “buy” rating in a report on Friday. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, GE Aerospace presently has an average rating of “Moderate Buy” and an average price target of $240.33.

Insider Activity

In other news, VP Robert M. Giglietti sold 4,104 shares of the company’s stock in a transaction dated 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 transaction, the vice president owned 11,540 shares of the company’s stock, valued at $2,270,264.20. This represents a 26.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Mohamed Ali sold 1,602 shares of the company’s stock in a transaction dated 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 transaction, the senior vice president directly 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 position. The disclosure for this sale can be found here. Insiders own 0.21% of the company’s stock.

Hedge Funds Weigh In On GE Aerospace

A hedge fund recently raised its stake in GE Aerospace stock. Brighton Jones LLC boosted its position in shares of GE Aerospace (NYSE:GE) by 25.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,008 shares of the company’s stock after buying an additional 2,421 shares during the period. Brighton Jones LLC’s holdings in GE Aerospace were worth $2,003,000 as of its most recent SEC filing. 74.77% of the stock is currently owned by institutional investors.

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.