Equities analysts expect that General Dynamics Co. (NYSE:GD – Get Rating) will post $9.41 billion in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for General Dynamics’ earnings. The highest sales estimate is $9.45 billion and the lowest is $9.36 billion. General Dynamics posted sales of $9.22 billion in the same quarter last year, which would indicate a positive year over year growth rate of 2.1%. The company is expected to issue its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that General Dynamics will report full-year sales of $39.39 billion for the current financial year, with estimates ranging from $39.35 billion to $39.48 billion. For the next year, analysts expect that the business will post sales of $42.53 billion, with estimates ranging from $42.34 billion to $42.73 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for General Dynamics.
General Dynamics (NYSE:GD – Get Rating) last posted its quarterly earnings data on Wednesday, April 27th. The aerospace company reported $2.61 EPS for the quarter, beating the consensus estimate of $2.49 by $0.12. General Dynamics had a return on equity of 19.67% and a net margin of 8.52%. The firm had revenue of $9.39 billion during the quarter, compared to the consensus estimate of $9.02 billion. During the same period in the prior year, the company earned $2.48 EPS. The firm’s revenue was up .0% compared to the same quarter last year.
NYSE GD opened at $219.82 on Wednesday. The business has a fifty day moving average price of $236.26 and a 200 day moving average price of $219.73. General Dynamics has a one year low of $182.66 and a one year high of $254.99. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.09 and a current ratio of 1.48. The company has a market cap of $61.05 billion, a P/E ratio of 18.82, a P/E/G ratio of 1.82 and a beta of 0.95.
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 6th. Investors of record on Friday, April 8th were paid a dividend of $1.26 per share. The ex-dividend date was Thursday, April 7th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 2.29%. This is a positive change from General Dynamics’s previous quarterly dividend of $1.19. General Dynamics’s dividend payout ratio (DPR) is presently 43.15%.
In other news, VP Gregory S. Gallopoulos sold 10,644 shares of the firm’s stock in a transaction dated Friday, April 29th. The stock was sold at an average price of $237.93, for a total value of $2,532,526.92. Following the transaction, the vice president now directly owns 124,605 shares in the company, valued at approximately $29,647,267.65. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP William A. Moss sold 2,391 shares of the firm’s stock in a transaction dated Thursday, March 3rd. The stock was sold at an average price of $237.17, for a total value of $567,073.47. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.
Several large investors have recently made changes to their positions in GD. OLD Mission Capital LLC acquired a new stake in General Dynamics during the 3rd quarter valued at approximately $5,685,000. B. Riley Wealth Management Inc. bought a new stake in General Dynamics during the 3rd quarter valued at $276,000. Hennion & Walsh Asset Management Inc. raised its stake in General Dynamics by 47.6% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 4,041 shares of the aerospace company’s stock valued at $792,000 after acquiring an additional 1,304 shares in the last quarter. First Republic Investment Management Inc. raised its stake in General Dynamics by 3.4% during the 3rd quarter. First Republic Investment Management Inc. now owns 72,719 shares of the aerospace company’s stock valued at $14,255,000 after acquiring an additional 2,416 shares in the last quarter. Finally, Bank of Nova Scotia raised its stake in shares of General Dynamics by 2.2% in the 3rd quarter. Bank of Nova Scotia now owns 175,440 shares of the aerospace company’s stock worth $34,391,000 after buying an additional 3,786 shares in the last quarter. Institutional investors and hedge funds own 85.84% of the company’s stock.
General Dynamics Company Profile (Get Rating)
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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