GE Aerospace (NYSE:GE) Releases Earnings Results, Beats Expectations By $0.20 EPS

GE Aerospace (NYSE:GE) issued its earnings results on Tuesday. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.20, Zacks reports. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The business had revenue of $11.31 billion during the quarter, compared to analysts’ expectations of $10.29 billion. During the same quarter in the previous year, the business earned $1.15 EPS. The company’s revenue for the quarter was up 26.4% on a year-over-year basis. GE Aerospace updated its FY 2025 guidance to 6.000-6.200 EPS.

GE Aerospace Stock Up 1.3%

Shares of GE Aerospace stock opened at $306.47 on Wednesday. The business has a 50-day moving average of $287.16 and a 200-day moving average of $252.55. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73. The company has a market capitalization of $324.99 billion, a PE ratio of 42.74, a P/E/G ratio of 3.26 and a beta of 1.49. GE Aerospace has a 1-year low of $159.36 and a 1-year high of $316.53.

GE Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, September 29th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Monday, September 29th. GE Aerospace’s dividend payout ratio is presently 20.08%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of GE. Worldquant Millennium Advisors LLC lifted its stake in GE Aerospace by 27.9% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 874,860 shares of the company’s stock worth $225,180,000 after acquiring an additional 190,945 shares in the last quarter. Tidal Investments LLC increased its holdings in shares of GE Aerospace by 233.9% in the 2nd quarter. Tidal Investments LLC now owns 237,572 shares of the company’s stock valued at $61,149,000 after purchasing an additional 166,417 shares during the period. Clough Capital Partners L P purchased a new stake in shares of GE Aerospace in the second quarter worth approximately $15,237,000. Vident Advisory LLC boosted its holdings in shares of GE Aerospace by 51.4% during the second quarter. Vident Advisory LLC now owns 171,056 shares of the company’s stock worth $44,028,000 after purchasing an additional 58,064 shares during the period. Finally, Ameriprise Financial Inc. grew its position in GE Aerospace by 4.0% during the second quarter. Ameriprise Financial Inc. now owns 1,389,116 shares of the company’s stock valued at $357,549,000 after purchasing an additional 53,624 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on GE. Sanford C. Bernstein lifted their price target on shares of GE Aerospace from $343.00 to $374.00 and gave the company an “outperform” rating in a research report on Wednesday, October 15th. Zacks Research lowered shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Wall Street Zen cut shares of GE Aerospace from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. UBS Group increased their price target on GE Aerospace from $300.00 to $321.00 and gave the company a “buy” rating in a report on Friday, July 18th. Finally, The Goldman Sachs Group boosted their price objective on GE Aerospace from $271.00 to $305.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. Fifteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $281.27.

GE Aerospace Company Profile

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.