The closing price of GE Aerospace (NYSE: GE) was $157.68 for the day, up 0.68% from the previous closing price of $156.61. In other words, the price has increased by $+1.07 from its previous closing price. On the day, 6037375 shares were traded.
Ratios:
Our analysis of GE’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.60 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 48.10. For the most recent quarter (mrq), Quick Ratio is recorded 0.85 and its Current Ratio is at 1.18. In the meantime, Its Debt-to-Equity ratio is 0.84 whereas as Long-Term Debt/Eq ratio is at 0.79.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, TD Cowen on April 09, 2024, Upgraded its rating to Buy and sets its target price to $180 from $175 previously.
On April 04, 2024, Vertical Research started tracking the stock assigning a Buy rating and target price of $160.Vertical Research initiated its Buy rating on April 04, 2024, with a $160 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Feb 14 ’24 when Holston Michael J sold 22,055 shares for $144.87 per share. The transaction valued at 3,195,108 led to the insider holds 56,284 shares of the business.
Holston Michael J sold 13,601 shares of GE for $1,843,616 on Feb 02 ’24. The Senior Vice President now owns 48,339 shares after completing the transaction at $135.55 per share. On Jul 27 ’23, another insider, Holston Michael J, who serves as the Senior Vice President of the company, sold 112,614 shares for $115.20 each. As a result, the insider received 12,973,133 and left with 57,923 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GE now has a Market Capitalization of 172.39B and an Enterprise Value of 172.65B. As of this moment, GE’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.87, and their Forward P/E ratio for the next fiscal year is 29.99. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.76. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.54 while its Price-to-Book (P/B) ratio in mrq is 6.27. Its current Enterprise Value per Revenue stands at 2.54 whereas that against EBITDA is 12.90.
Stock Price History:
Over the past 52 weeks, GE has reached a high of $157.95, while it has fallen to a 52-week low of $74.55. The 50-Day Moving Average of the stock is 129.65, while the 200-Day Moving Average is calculated to be 101.91.
Shares Statistics:
GE traded an average of 8.51M shares per day over the past three months and 11.54M shares per day over the past ten days. A total of 1.09B shares are outstanding, with a floating share count of 1.09B. Insiders hold about 0.37% of the company’s shares, while institutions hold 76.34% stake in the company. Shares short for GE as of Mar 28, 2024 were 11.36M with a Short Ratio of 1.67, compared to 8.96M on Feb 29, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.04% and a Short% of Float of 1.05%.
Dividends & Splits
With its trailing 12-month dividend rate of 0.32, GE has a forward annual dividend rate of 0.24. Against a Trailing Annual Dividend Yield of 0.20%, it implies a Forward Annual Dividend Yield of 0.71%. The stock’s 5-year Average Dividend Yield is 0.51. The current Payout Ratio is 3.83% for GE, which recently paid a dividend on Apr 25, 2024 with an ex-dividend date of Apr 12, 2024. Stock splits for the company last occurred on Aug 02, 2021 when the company split stock in a 1:8 ratio.
Earnings Estimates
The firm’s stock currently is rated by 9 analysts. On average, analysts expect EPS of $0.65 for the current quarter, with a high estimate of $0.72 and a low estimate of $0.63, while EPS last year was $0.27. The consensus estimate for the next quarter is $0.94, with high estimates of $1.02 and low estimates of $0.87.
Analysts are recommending an EPS of between $4.4 and $3.58 for the fiscal current year, implying an average EPS of $3.96. EPS for the following year is $5, with 11 analysts recommending between $5.48 and $4.51.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 9 analysts. It ranges from a high estimate of $16.16B to a low estimate of $14.9B. As of the current estimate, GE Aerospace’s year-ago sales were $14.49B, an estimated increase of 5.90% from the year-ago figure. For the next quarter, 7 analysts are estimating revenue of $8.85B, a decrease of -47.00% less than the figure of $5.90% in the same quarter last year. There is a high estimate of $9.36B for the next quarter, whereas the lowest estimate is $8.62B.
A total of 10 analysts have provided revenue estimates for GE’s current fiscal year. The highest revenue estimate was $38.23B, while the lowest revenue estimate was $34.98B, resulting in an average revenue estimate of $36.45B. In the same quarter a year ago, actual revenue was $67.95B, down -46.40% from the average estimate. Based on 11 analysts’ estimates, the company’s revenue will be $40.63B in the next fiscal year. The high estimate is $43.13B and the low estimate is $36.91B. The average revenue growth estimate for next year is up 11.50% from the average revenue estimate for this year.
