Analysts forecast that The Goldman Sachs Group, Inc. (NYSE:GS – Get Rating) will post $11.63 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for The Goldman Sachs Group’s earnings, with the highest sales estimate coming in at $12.20 billion and the lowest estimate coming in at $11.23 billion. The Goldman Sachs Group posted sales of $15.39 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 24.4%. The company is scheduled to announce its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that The Goldman Sachs Group will report full-year sales of $47.91 billion for the current financial year, with estimates ranging from $45.17 billion to $49.50 billion. For the next year, analysts expect that the firm will post sales of $50.12 billion, with estimates ranging from $46.46 billion to $53.40 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow The Goldman Sachs Group.
The Goldman Sachs Group (NYSE:GS – Get Rating) last released its quarterly earnings results on Thursday, April 14th. The investment management company reported $10.76 earnings per share for the quarter, beating the consensus estimate of $8.61 by $2.15. The Goldman Sachs Group had a return on equity of 19.08% and a net margin of 31.21%. The firm had revenue of $12.93 billion for the quarter, compared to analysts’ expectations of $11.76 billion. During the same quarter last year, the firm posted $18.60 EPS. The company’s revenue was down 26.9% compared to the same quarter last year.
Shares of The Goldman Sachs Group stock opened at $306.80 on Monday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 2.47. The firm has a market capitalization of $105.37 billion, a PE ratio of 5.95, a price-to-earnings-growth ratio of 0.63 and a beta of 1.41. The business’s 50-day moving average price is $322.88 and its 200-day moving average price is $355.20. The Goldman Sachs Group has a 12 month low of $293.90 and a 12 month high of $426.16.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 29th. Stockholders of record on Wednesday, June 1st will be issued a dividend of $2.00 per share. The ex-dividend date is Tuesday, May 31st. This represents a $8.00 annualized dividend and a dividend yield of 2.61%. The Goldman Sachs Group’s payout ratio is presently 15.53%.
In related news, CEO David M. Solomon sold 9,768 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, April 19th. The stock was sold at an average price of $334.57, for a total value of $3,268,079.76. Following the completion of the sale, the chief executive officer now directly owns 96,467 shares in the company, valued at approximately $32,274,964.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Goldman Sachs Group Inc sold 90,427 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, May 17th. The stock was sold at an average price of $19.16, for a total value of $1,732,581.32. Following the completion of the sale, the director now owns 3,130,987 shares of the company’s stock, valued at $59,989,710.92. The disclosure for this sale can be found here. Insiders have sold 224,038 shares of company stock valued at $7,373,493 over the last 90 days. Corporate insiders own 0.57% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in GS. Joseph P. Lucia & Associates LLC bought a new position in shares of The Goldman Sachs Group during the 1st quarter valued at approximately $26,000. Nauset Wealth Management. LLC bought a new position in The Goldman Sachs Group in the 1st quarter valued at $27,000. Consolidated Planning Corp bought a new position in The Goldman Sachs Group in the 3rd quarter valued at $33,000. Orion Capital Management LLC grew its position in The Goldman Sachs Group by 690.9% in the 1st quarter. Orion Capital Management LLC now owns 87 shares of the investment management company’s stock valued at $29,000 after acquiring an additional 76 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC bought a new position in The Goldman Sachs Group in the 4th quarter valued at $34,000. Institutional investors and hedge funds own 71.42% of the company’s stock.
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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