On an organic basis, revenue for its industrial businesses fell 10% to $16 billion, driven entirely by a 27% organic revenue decline in the company's aviation business. The ⦠Follow him on Twitter for the latest news and commentary on the airline industry! Receive News & Ratings for General Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Electric and related companies with MarketBeat.com's FREE daily email newsletter. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: Operator. Piper Sandler also issued estimates for Sage Therapeutics' Q2 2021 earnings at ($2.18) EPS, Q3 2021 earnings at ($2.23) EPS, Q4 2021 earnings at ($2.28) EPS, FY2021 earnings at ($8.83) EPS and FY2022 earnings at ($7.27) EPS. General Electric EPS for the twelve months ending March 31, 2021 was $-0.45, a 40.63% increase year-over-year. Varex Imaging (NASDAQ:VREX) Q2 2021 Earnings Call May 04, 2021, 5:00 p.m. In other General Electric news, Director Paula Rosput Reynolds bought 5,000 shares of the business’s stock in a transaction on Friday, March 12th. GE opened at $13.30 on Friday. Bottom Line on GE Stock Rising Covid-19 cases are a risk. Our 2021 reported free cash flow range of 2.5 to 4.5 billion includes the impact of a negative 800 million factoring in the first quarter. The firm had revenue of $17.12 billion during the quarter, compared to analyst estimates of $17.66 billion. Could anyone call this a predictable growth company? FY2021 EPS Estimates for Kite Realty Group Trust (NYSE:KRG) Lifted by Analyst, Deutsche Bank Aktiengesellschaft Reaffirms Buy Rating for BNP Paribas (OTCMKTS:BNPQY), Boothbay Fund Management LLC Sells 204 Shares of HEICO Co. (NYSE:HEI), Asset Dedication LLC Acquires New Position in iShares Intermediate-Term Corporate Bond ETF (NYSEARCA:IGIB), Supreme Court Rules in Favor of American Express, Tinder Parent Buys Controlling Interest in Hinge, Ara Chackerian: Entrepreneur, Philanthropist, Forestry Expert and Investor, Background on Jeunesse, a Direct Sales Cosmetics Company, Google Has Put Bet of $550 Million on JD.Com, Pre-Cut Salmonella-Linked Melon Found in Nine States. The firm’s revenue was down 16.6% on a year-over-year basis. In addition, GE will discontinue the majority of its factoring programs. This article represents the opinion of the writer, who may disagree with the âofficialâ recommendation position of a Motley Fool premium advisory service. State of Michigan Retirement System now owns 2,257,292 shares of the conglomerate’s stock valued at $24,379,000 after acquiring an additional 23,700 shares during the last quarter. Market data powered by FactSet and Web Financial Group. He is an avid stock-market watcher and a value investor at heart. GE's double-digit revenue decline, meager profit, and quarterly cash burn provided plenty of ammunition for skeptics to criticize the company. Investors will look for the stock to maintain that momentum after it ⦠However, several key data points demonstrate that the industrial conglomerate's turnaround remains on track. ... 2021 10:42 am ET / Original April 6, 2021 9:26 am ET ... GE Earnings Are Coming. Cumulative Growth of a $10,000 Investment in Stock Advisor, GE Earnings: No Cause for Disappointment @themotleyfool #stocks $GE. During the same quarter in the previous year, the business earned $0.05 EPS. In addition, GE will discontinue the majority of its factoring programs. Analysts expect the company to announce earnings of $0.01 per share for the quarter. That includes the power and renewables units, even though both lost money. Two of GE's four main industrial businesses -- power and renewable energy -- lost money last quarter, showing that management still has work to do to turn those segments around. In short, General Electric's first-quarter results may not have looked impressive at first glance, but the company made steady progress toward its long-term objectives. GE earned 65 cents a share in 2019. National Pension Service now owns 10,533,091 shares of the conglomerate’s stock worth $113,757,000 after buying an additional 85,935 shares during the last quarter. The ex-dividend date was Friday, March 5th. Check out this graph of GEâs earnings-per-share over the past 10 years. Oppenheimer analyst Christopher Glynn sees GE ⦠Park Avenue Securities LLC grew its stake in General Electric by 43.9% during the 4th quarter. In 2021, GE Capital expects to generate a loss in adjusted continuing earnings* of between $0.5 to $0.7 billion, with reported assets, excluding cash and Insurance*, of approximately $17 billion. GE's plan to sell its GECAS aircraft-leasing unit to AerCap will remove more layers of complexity from the business. Several institutional investors and hedge funds have recently made changes to their positions in the business. Deutsche Bank Aktiengesellschaft lifted their price objective on General Electric from $13.00 to $14.00 and gave the company a “hold” rating in a research note on Wednesday, March 17th. The firm also recently announced a quarterly dividend, which was paid on Monday, April 26th. The business has a 50-day moving average of $13.28 and a two-hundred day moving average of $11.40. The Stock Is Falling Anyway. General Electric EPS for the quarter ending March 31, 2021 was $-0.33, a 147.14% decline year-over-year. Even that translated to a minuscule adjusted profit of $0.03 per share, though. Moreover, GE remains on track for a robust recovery beginning later this year -- and that's what really matters for long-term investors. Sage Therapeutics (NASDAQ:SAGE) last issued its quarterly earnings results on Wednesday, February 24th. That would make earnings and ⦠The conglomerate reported $0.03 EPS for the quarter, beating the consensus estimate of $0.01 by $0.02. See General Electric Company (GE) stock analyst estimates, including earnings and revenue, EPS, upgrades and downgrades. Earnings Outlook GE earnings: Can record Q4 stock rally be supported by earnings, FCF guidance? Park Avenue Securities LLC now owns 29,618 shares of the conglomerate’s stock worth $320,000 after buying an additional 9,040 shares during the last quarter. Several other equities analysts have also weighed in on GE. ET First Published: Jan. 22, 2021 at 2:50 p.m. General Electric Company (NYSE: GE) shares have slumped since the company reported first-quarter earnings last week.Yet GE investors are optimistic that 2021 ⦠Finally, Claraphi Advisory Network LLC grew its stake in General Electric by 290.0% during the 4th quarter. General Electric (NYSE:GE) Q1 2021 Earnings Call Apr 27, 2021, 8:00 a.m. Second, GE Aviation achieved a solid 12.8% segment margin despite generating only $5 billion of revenue -- down from nearly $8 billion two years earlier. Infini Master Fund Grows Stake in The Goldman Sachs Group, Inc. In 2021, GE Capital expects to generate a loss in adjusted continuing earnings* of between $0.5 to $0.7 billion, with reported assets, excluding cash and Insurance*, of approximately $17 billion. (Fortunately, that recovery has already begun in earnest, particularly in the U.S. and China.) Throw a typical industrials sector 15-times forward earnings multiple on that and you get a 2021 price target for GE of $12 per stock. Overall sales fell more than 12% -- its aviation unit saw revenue decline 28%. Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer. In 2021, GE Capital expects to generate a loss in adjusted continuing earnings* of between $0.5 to $0.7 billion, with reported assets, excluding cash and Insurance*, of approximately $17 billion. 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Pandemic-era challenges continue In the first quarter of 2021, GE's total revenue slumped 12% to $17.1 billion. Organic industrial revenue should rise in the low single digits, with industrial free cash flow of $2.5 billion to $4.5 billion. The company has a debt-to-equity ratio of 2.10, a current ratio of 2.31 and a quick ratio of 2.04. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The shares were bought at an average cost of $12.50 per share, with a total value of $62,500.00. First, three of GE's four industrial-business segments improved their profit margins year over year on an organic basis. Do the numbers hold clues to what lies ahead for the stock? However, even in the current environment, GE is getting closer to its goal of being a simpler and stronger company. Its adjusted industrial operating margin came in somewhat better at 5.1%. G.Research analyst J. Bergner now expects that the conglomerate will post earnings per share of $0.27 for the year, up from their prior forecast of $0.23. General Electric 2020 annual EPS was $0.58, a 193.55% decline from 2019. The final bright point in earnings came from GE's 2021 outlook which predicts solid figures for the company in the coming year. General Electric (NYSE:GE) Stock a Buy: An Overlooked Pandemic Play Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. The Motley Fool - GE earnings call for the period ending March 31, 2021. See Also: Special Purpose Acquisition Company (SPAC) – What You Need to Know. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button . General Electric has a 12 month low of $5.48 and a 12 month high of $14.41. Posted by Erica Schwartz on May 9th, 2021. In 2021, earnings are expected to rebound to 39 cents a share. Trading Ideas [ April 27, 2021 ] 3M Earnings Were Good. Jan 25, 2021 12:45 PM EST Since the start of the fourth quarter, General Electric (GE) - Get Report has been on fire. That highlights the success of management's efforts to keep all of GE's businesses focused on cash generation. GE, 3M and UPS led a busy day for industrial earnings. That's a long way from the 20%-plus operating margins that the segment often produced prior to the COVID-19 pandemic, but it still marks a big improvement relative to the last three quarters of 2020. Returns as of 05/10/2021. "The bottom line is we think GE will beat consensus FCF expectations for 1Q and land within the top end of the FCF range for 2021 (GS: $4.0bn)," the ⦠GE Quick Quote GE - Free Report) is scheduled to report first-quarter 2021 results on Apr 27, before market open. Over the past 90 days, the Zacks Consensus Estimate for GE's full-year earnings has moved 5.41% higher. General Electric had a return on equity of 5.37% and a net margin of 4.52%. G.Research analyst J. Bergner now expects that the conglomerate will post earnings per share of $0.27 for the year, up from their prior forecast of $0.23. General Electric’s payout ratio is 6.15%. At first glance, GE's results may not seem very impressive. The company ended the quarter with total borrowings of $71.4 billion, down from $107.5 billion just two years earlier. Finally, GE's industrial operations burned $845 million of cash during the first quarter. (GE expects to get $1 billion from selling Baker Hughes shares in the second quarter alone.). The 52-week trading range is $5.48 to $14.42, and GE … General Electric Co. analyst estimates, including GE earnings per share estimates and analyst recommendations. 27. Nevertheless, the industrial giant continued to make progress on its key strategic initiatives last quarter. General Electric had a net margin of 4.52% and a return on equity of 5.37%. Free cash flow, in particular, is a concern for analysts because it reflects GE’s ability to pay down its large debt load.
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