General Dynamics (GD) Scheduled to Post Quarterly Earnings on Wednesday

General Dynamics (NYSE:GDGet Rating) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, January 25th. Analysts expect the company to announce earnings of $3.53 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

General Dynamics (NYSE:GDGet Rating) last released its quarterly earnings data on Wednesday, October 26th. The aerospace company reported $3.26 earnings per share for the quarter, beating the consensus estimate of $3.16 by $0.10. The business had revenue of $9.98 billion for the quarter, compared to analyst estimates of $9.93 billion. General Dynamics had a return on equity of 18.96% and a net margin of 8.62%. The company’s revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the company posted $3.07 EPS. On average, analysts expect General Dynamics to post $12 EPS for the current fiscal year and $14 EPS for the next fiscal year.

General Dynamics Trading Up 1.3 %

Shares of NYSE GD traded up $3.00 during midday trading on Tuesday, hitting $235.45. The stock had a trading volume of 1,394,599 shares, compared to its average volume of 1,211,080. The company has a market capitalization of $64.64 billion, a price-to-earnings ratio of 19.60, a PEG ratio of 1.95 and a beta of 0.88. General Dynamics has a 1-year low of $200.79 and a 1-year high of $256.86. The company has a quick ratio of 0.94, a current ratio of 1.34 and a debt-to-equity ratio of 0.52. The company has a fifty day moving average price of $246.64 and a 200 day moving average price of $236.41.

General Dynamics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 10th. Stockholders of record on Friday, January 20th will be paid a $1.26 dividend. This represents a $5.04 annualized dividend and a dividend yield of 2.14%. The ex-dividend date is Thursday, January 19th. General Dynamics’s dividend payout ratio is currently 41.97%.

Hedge Funds Weigh In On General Dynamics

A number of institutional investors have recently made changes to their positions in the business. Certified Advisory Corp bought a new stake in shares of General Dynamics in the 1st quarter valued at approximately $25,000. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its holdings in shares of General Dynamics by 158.9% in the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 233 shares of the aerospace company’s stock valued at $56,000 after acquiring an additional 143 shares during the last quarter. Zions Bancorporation N.A. increased its holdings in shares of General Dynamics by 294.2% in the 1st quarter. Zions Bancorporation N.A. now owns 540 shares of the aerospace company’s stock valued at $130,000 after acquiring an additional 403 shares during the last quarter. IHT Wealth Management LLC bought a new stake in shares of General Dynamics in the 1st quarter valued at approximately $217,000. Finally, Nations Financial Group Inc. IA ADV bought a new stake in shares of General Dynamics in the 1st quarter valued at approximately $218,000. 84.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GD has been the topic of several research analyst reports. Citigroup began coverage on General Dynamics in a research note on Thursday, December 8th. They issued a “buy” rating and a $298.00 price objective on the stock. Cowen boosted their price target on General Dynamics from $260.00 to $285.00 in a research report on Tuesday, January 3rd. Cowen boosted their price target on General Dynamics to $260.00 in a research report on Thursday, October 27th. Wells Fargo & Company reduced their price target on General Dynamics from $256.00 to $249.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 28th. Finally, Wolfe Research began coverage on General Dynamics in a research report on Monday, October 10th. They set an “outperform” rating and a $265.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $273.64.

About General Dynamics

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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.

Further Reading

Earnings History for General Dynamics (NYSE:GD)

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