General Electric (NYSE:GE – Get Free Report) released its earnings results on Tuesday. The conglomerate reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.02, Briefing.com reports. The company had revenue of $9.84 billion during the quarter, compared to the consensus estimate of $9.02 billion. General Electric had a return on equity of 16.07% and a net margin of 7.66%. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $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 Price Performance
Shares of NYSE GE opened at $180.95 on Friday. The company has a fifty day moving average price of $179.51 and a 200 day moving average price of $168.15. General Electric has a 1-year low of $84.58 and a 1-year high of $194.80. The firm has a market cap of $198.07 billion, a PE ratio of 58.90, a PEG ratio of 1.86 and a beta of 1.18. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.95.
General Electric Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Thursday, September 26th will be given a $0.28 dividend. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $1.12 annualized dividend and a yield of 0.62%. General Electric’s dividend payout ratio is currently 36.72%.
Wall Street Analyst Weigh In
View Our Latest Analysis on GE
General Electric Company Profile
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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