General Dynamics (GD) Set to Announce Earnings on Wednesday

General Dynamics (NYSE:GD) will be posting its quarterly earnings results before the market opens on Wednesday, April 24th. Analysts expect General Dynamics to post earnings of $3.04 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, January 24th. The aerospace company reported $3.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.68 by ($0.04). General Dynamics had a return on equity of 16.61% and a net margin of 7.84%. The business had revenue of $11.67 billion during the quarter, compared to analysts’ expectations of $11.39 billion. During the same quarter in the previous year, the company posted $3.58 EPS. The company’s quarterly revenue was up 7.5% on a year-over-year basis. On average, analysts expect General Dynamics to post $15 EPS for the current fiscal year and $16 EPS for the next fiscal year.

General Dynamics Trading Up 0.9 %

Shares of GD stock opened at $291.31 on Tuesday. General Dynamics has a 52-week low of $202.35 and a 52-week high of $296.50. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.92 and a current ratio of 1.44. The firm has a market capitalization of $79.93 billion, a PE ratio of 24.24, a PEG ratio of 1.83 and a beta of 0.68. The stock has a fifty day simple moving average of $279.51 and a two-hundred day simple moving average of $260.57.

General Dynamics Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 12th will be paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend is Thursday, April 11th. This is a positive change from General Dynamics’s previous quarterly dividend of $1.32. General Dynamics’s dividend payout ratio is presently 47.25%.

Insider Activity at General Dynamics

In other General Dynamics news, EVP Mark C. Roualet sold 73,330 shares of the firm’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $264.75, for a total value of $19,414,117.50. Following the completion of the sale, the executive vice president now owns 149,205 shares of the company’s stock, valued at $39,502,023.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other General Dynamics news, EVP Mark C. Roualet sold 73,330 shares of the firm’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $264.75, for a total value of $19,414,117.50. Following the completion of the sale, the executive vice president now owns 149,205 shares of the company’s stock, valued at $39,502,023.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Phebe N. Novakovic sold 32,355 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $264.31, for a total transaction of $8,551,750.05. Following the completion of the sale, the chief executive officer now directly owns 773,977 shares of the company’s stock, valued at approximately $204,569,860.87. The disclosure for this sale can be found here. 1.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Barclays increased their price target on General Dynamics from $285.00 to $310.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. StockNews.com lowered General Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 3rd. Royal Bank of Canada raised their price objective on General Dynamics from $300.00 to $325.00 and gave the company an “outperform” rating in a research report on Tuesday, April 2nd. Wells Fargo & Company raised their price objective on General Dynamics from $291.00 to $322.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Finally, UBS Group raised their price objective on General Dynamics from $286.00 to $296.00 and gave the company a “neutral” rating in a research report on Monday, January 29th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, General Dynamics has a consensus rating of “Moderate Buy” and an average target price of $283.80.

About General Dynamics

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 produces and sells business jets; and offers aircraft maintenance and repair, management, aircraft-on-ground support and completion, charter, staffing, and fixed-base operator services.