The Goldman Sachs Group, Inc. (NYSE:GS) Expected to Announce Earnings of $8.65 Per Share

Wall Street analysts forecast that The Goldman Sachs Group, Inc. (NYSE:GSGet Rating) will report earnings per share (EPS) of $8.65 for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for The Goldman Sachs Group’s earnings, with the lowest EPS estimate coming in at $7.52 and the highest estimate coming in at $9.22. The Goldman Sachs Group posted earnings of $15.02 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 42.4%. The firm is scheduled to report its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that The Goldman Sachs Group will report full year earnings of $37.99 per share for the current year, with EPS estimates ranging from $32.52 to $40.30. For the next fiscal year, analysts anticipate that the company will report earnings of $40.52 per share, with EPS estimates ranging from $34.42 to $44.48. Zacks’ EPS averages are an average based on a survey of research analysts that follow The Goldman Sachs Group.

The Goldman Sachs Group (NYSE:GSGet Rating) last announced its earnings results on Thursday, April 14th. The investment management company reported $10.76 earnings per share for the quarter, topping analysts’ consensus estimates of $8.61 by $2.15. The business had revenue of $12.93 billion for the quarter, compared to analyst estimates of $11.76 billion. The Goldman Sachs Group had a return on equity of 19.08% and a net margin of 31.21%. The company’s quarterly revenue was down 26.9% compared to the same quarter last year. During the same period in the prior year, the company earned $18.60 EPS.

A number of brokerages have weighed in on GS. Piper Sandler decreased their target price on The Goldman Sachs Group from $465.00 to $430.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 5th. Bank of America increased their price objective on The Goldman Sachs Group from $349.00 to $360.00 and gave the company a “neutral” rating in a research report on Monday, April 18th. Oppenheimer reduced their price objective on The Goldman Sachs Group from $546.00 to $519.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 3rd. Morgan Stanley reduced their price objective on The Goldman Sachs Group from $445.00 to $418.00 and set an “equal weight” rating on the stock in a research report on Monday, March 28th. Finally, StockNews.com assumed coverage on The Goldman Sachs Group in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $441.31.

NYSE GS traded down $1.40 during trading on Friday, reaching $306.80. The company’s stock had a trading volume of 2,201,054 shares, compared to its average volume of 2,585,509. The stock has a market capitalization of $105.37 billion, a PE ratio of 5.95, a P/E/G ratio of 0.63 and a beta of 1.41. The company has a debt-to-equity ratio of 2.47, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a fifty day moving average of $322.88 and a 200 day moving average of $356.01. The Goldman Sachs Group has a one year low of $293.90 and a one year high of $426.16.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 29th. Shareholders of record on Wednesday, June 1st will be issued a dividend of $2.00 per share. The ex-dividend date of this dividend is Tuesday, May 31st. This represents a $8.00 dividend on an annualized basis and a yield of 2.61%. The Goldman Sachs Group’s dividend payout ratio is currently 15.53%.

In other news, Director Goldman Sachs Group Inc sold 123,843 shares of the stock in a transaction dated Thursday, May 19th. The shares were sold at an average price of $19.16, for a total transaction of $2,372,831.88. Following the sale, the director now directly owns 2,977,489 shares of the company’s stock, valued at approximately $57,048,689.24. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO David M. Solomon sold 9,768 shares of the firm’s stock in a transaction dated Tuesday, April 19th. The shares were sold at an average price of $334.57, for a total transaction of $3,268,079.76. Following the completion of the transaction, the chief executive officer now directly owns 96,467 shares in the company, valued at $32,274,964.19. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 224,038 shares of company stock worth $7,373,493. Insiders own 0.57% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Freedom Day Solutions LLC increased its holdings in The Goldman Sachs Group by 0.9% in the 4th quarter. Freedom Day Solutions LLC now owns 3,205 shares of the investment management company’s stock valued at $1,226,000 after buying an additional 29 shares during the period. Ancora Advisors LLC increased its stake in The Goldman Sachs Group by 1.2% during the 3rd quarter. Ancora Advisors LLC now owns 2,471 shares of the investment management company’s stock worth $934,000 after purchasing an additional 30 shares in the last quarter. Bank of Marin increased its stake in The Goldman Sachs Group by 3.6% during the 3rd quarter. Bank of Marin now owns 872 shares of the investment management company’s stock worth $330,000 after purchasing an additional 30 shares in the last quarter. Tower Wealth Partners Inc. boosted its position in The Goldman Sachs Group by 4.0% during the 3rd quarter. Tower Wealth Partners Inc. now owns 777 shares of the investment management company’s stock worth $294,000 after acquiring an additional 30 shares during the last quarter. Finally, Main Street Financial Solutions LLC boosted its position in The Goldman Sachs Group by 3.0% during the 4th quarter. Main Street Financial Solutions LLC now owns 1,037 shares of the investment management company’s stock worth $397,000 after acquiring an additional 30 shares during the last quarter. 71.42% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Company Profile (Get Rating)

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through four segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management.

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Earnings History and Estimates for The Goldman Sachs Group (NYSE:GS)

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