General Dynamics (GD) to Release Earnings on Wednesday

General Dynamics (NYSE:GDGet Rating) will be posting its quarterly earnings results before the market opens on Wednesday, January 25th. Analysts expect General Dynamics to post earnings of $3.53 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

General Dynamics (NYSE:GDGet Rating) last released its earnings results on Wednesday, October 26th. The aerospace company reported $3.26 EPS for the quarter, beating the consensus estimate of $3.16 by $0.10. General Dynamics had a return on equity of 18.96% and a net margin of 8.62%. The firm had revenue of $9.98 billion for the quarter, compared to analysts’ expectations of $9.93 billion. During the same quarter in the previous year, the business posted $3.07 EPS. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. On average, analysts expect General Dynamics to post $12 EPS for the current fiscal year and $14 EPS for the next fiscal year.

General Dynamics Stock Up 1.3 %

NYSE:GD traded up $3.00 during trading hours on Tuesday, reaching $235.45. 1,394,599 shares of the stock were exchanged, compared to its average volume of 1,211,080. General Dynamics has a twelve month low of $200.79 and a twelve month high of $256.86. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.34 and a quick ratio of 0.94. The firm has a 50 day moving average of $246.64 and a 200 day moving average of $236.41. The stock has a market cap of $64.64 billion, a PE ratio of 19.60, a PEG ratio of 1.95 and a beta of 0.88.

General Dynamics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 10th. Shareholders of record on Friday, January 20th will be given a dividend of $1.26 per share. This represents a $5.04 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend is Thursday, January 19th. General Dynamics’s dividend payout ratio (DPR) is currently 41.97%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on GD shares. Cowen upped their price objective on General Dynamics to $260.00 in a research note on Thursday, October 27th. Wolfe Research began coverage on General Dynamics in a research note on Monday, October 10th. They issued an “outperform” rating and a $265.00 price target on the stock. Credit Suisse Group lowered their price objective on General Dynamics from $243.00 to $240.00 and set a “neutral” rating on the stock in a research report on Thursday, January 19th. Bank of America increased their price objective on General Dynamics from $286.00 to $325.00 in a research report on Friday, October 28th. Finally, Cowen increased their price objective on General Dynamics from $260.00 to $285.00 in a research report on Tuesday, January 3rd. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $273.64.

Institutional Investors Weigh In On General Dynamics

A number of hedge funds have recently added to or reduced their stakes in the company. Industrial Alliance Investment Management Inc. boosted its position in General Dynamics by 30.2% in the first quarter. Industrial Alliance Investment Management Inc. now owns 1,720 shares of the aerospace company’s stock worth $415,000 after purchasing an additional 399 shares during the last quarter. Meiji Yasuda Life Insurance Co boosted its position in General Dynamics by 58.1% in the first quarter. Meiji Yasuda Life Insurance Co now owns 1,628 shares of the aerospace company’s stock worth $393,000 after purchasing an additional 598 shares during the last quarter. CreativeOne Wealth LLC boosted its position in General Dynamics by 5.0% in the third quarter. CreativeOne Wealth LLC now owns 1,687 shares of the aerospace company’s stock worth $358,000 after purchasing an additional 80 shares during the last quarter. SVB Wealth LLC boosted its position in General Dynamics by 7.2% in the second quarter. SVB Wealth LLC now owns 1,572 shares of the aerospace company’s stock worth $348,000 after purchasing an additional 106 shares during the last quarter. Finally, qPULA Trading Management LP purchased a new position in General Dynamics in the first quarter worth $329,000. Institutional investors and hedge funds own 84.83% of the company’s stock.

About General Dynamics

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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 designs, manufactures, and sells business jets; and offers aircraft maintenance and repair, management, charter, aircraft-on-ground support and completion, staffing, and fixed-base operator services.

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Earnings History for General Dynamics (NYSE:GD)

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