General Electric (NYSE:GE – Get Free Report) posted its quarterly earnings data on Tuesday. The conglomerate reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02, Briefing.com reports. The company had revenue of $9.84 billion for the quarter, compared to the consensus estimate of $9.02 billion. General Electric had a net margin of 7.66% and a return on equity of 16.07%. The firm’s revenue was up 5.8% compared to the same quarter last year. During the same period last year, the company earned $0.82 earnings per share. General Electric updated its FY 2024 guidance to 4.200-4.350 EPS and its FY24 guidance to $4.20-4.35 EPS.
General Electric Stock Up 0.7 %
GE stock opened at $180.95 on Friday. General Electric has a fifty-two week low of $84.58 and a fifty-two week high of $194.80. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.14 and a quick ratio of 0.85. The stock has a market capitalization of $198.07 billion, a price-to-earnings ratio of 58.90, a PEG ratio of 1.86 and a beta of 1.18. The business’s fifty day moving average price is $179.51 and its two-hundred day moving average price is $168.15.
General Electric Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Thursday, September 26th will be issued a dividend of $0.28 per share. The ex-dividend date is Thursday, September 26th. This represents a $1.12 annualized dividend and a yield of 0.62%. General Electric’s payout ratio is currently 36.72%.
Analyst Ratings Changes
Check Out Our Latest Analysis on GE
About General Electric
General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa.
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