General Dynamics (GD) to Release Quarterly Earnings on Wednesday

General Dynamics (NYSE:GD) is expected to be issuing its quarterly earnings data before the market opens on Wednesday, April 23rd. Analysts expect the company to announce earnings of $3.43 per share and revenue of $11.92 billion for the quarter. General Dynamics has set its FY 2025 guidance at 14.750-14.850 EPS.Investors that wish to register for the company’s conference call can do so using this link.

General Dynamics (NYSE:GD) last released its quarterly earnings data on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.29 by ($0.14). General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. On average, analysts expect General Dynamics to post $15 EPS for the current fiscal year and $17 EPS for the next fiscal year.

General Dynamics Stock Down 0.6 %

Shares of General Dynamics stock opened at $277.18 on Wednesday. The company has a fifty day moving average price of $260.33 and a 200 day moving average price of $273.46. The company has a current ratio of 1.37, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33. General Dynamics has a twelve month low of $239.20 and a twelve month high of $316.90. The stock has a market cap of $74.39 billion, a price-to-earnings ratio of 20.32, a price-to-earnings-growth ratio of 1.69 and a beta of 0.43.

General Dynamics Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 11th will be given a $1.50 dividend. This is an increase from General Dynamics’s previous quarterly dividend of $1.42. The ex-dividend date is Friday, April 11th. This represents a $6.00 annualized dividend and a dividend yield of 2.16%. General Dynamics’s dividend payout ratio is presently 43.99%.

Insider Activity at General Dynamics

In other General Dynamics news, Director Laura J. Schumacher sold 1,796 shares of the business’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $255.68, for a total transaction of $459,201.28. Following the completion of the transaction, the director now owns 11,175 shares in the company, valued at approximately $2,857,224. The trade was a 13.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Marguerite Amy Gilliland sold 27,562 shares of General Dynamics stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $272.11, for a total transaction of $7,499,895.82. Following the sale, the senior vice president now owns 45,192 shares in the company, valued at approximately $12,297,195.12. This represents a 37.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.52% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in General Dynamics stock. Brighton Jones LLC grew its position in shares of General Dynamics Co. (NYSE:GD) by 16.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,885 shares of the aerospace company’s stock after purchasing an additional 417 shares during the quarter. Brighton Jones LLC’s holdings in General Dynamics were worth $760,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

GD has been the subject of a number of analyst reports. Wells Fargo & Company decreased their price target on General Dynamics from $261.00 to $236.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. Susquehanna upped their target price on shares of General Dynamics from $300.00 to $315.00 and gave the company a “positive” rating in a research note on Wednesday, April 2nd. William Blair downgraded shares of General Dynamics from an “outperform” rating to a “market perform” rating in a research note on Friday, February 21st. Baird R W cut shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, The Goldman Sachs Group lowered their target price on General Dynamics from $245.00 to $241.00 and set a “sell” rating for the company in a research note on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, General Dynamics has a consensus rating of “Hold” and a consensus price target of $296.82.

General Dynamics Company Profile

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