GE Aerospace (NYSE:GE) Releases Earnings Results, Beats Expectations By $0.20 EPS

Key Points

• GE Aerospace reported a quarterly earnings per share (EPS) of $1.66, exceeding analysts' expectations of $1.46 by $0.20 and achieving a net margin of 18.64% on revenues of $11.31 billion.
• The company declared a quarterly dividend of $0.36, which will be paid on October 27th, leading to an annualized dividend yield of 0.5%.
• Investment analysts have provided a range of ratings for GE Aerospace, with an average rating of "Moderate Buy" and a consensus price target of $276.31.

GE Aerospace (NYSE:GE - Get Free Report) announced its quarterly earnings data on Tuesday. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.46 by $0.20, Zacks reports. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The firm had revenue of $11.31 billion during the quarter, compared to analyst estimates of $10.29 billion. GE Aerospace updated its FY 2025 guidance to 6.000-6.200 EPS.

GE Aerospace Stock Up 1.0%

GE opened at $303.15 on Tuesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73. The stock has a market capitalization of $321.48 billion, a price-to-earnings ratio of 42.28, a price-to-earnings-growth ratio of 3.23 and a beta of 1.49. The business has a 50-day moving average of $286.62 and a two-hundred day moving average of $252.17. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $307.25.

GE Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, September 29th will be issued a $0.36 dividend. The ex-dividend date is Monday, September 29th. This represents a $1.44 annualized dividend and a yield of 0.5%. GE Aerospace's payout ratio is 20.08%.

Analyst Ratings Changes

A number of brokerages recently issued reports on GE. Wells Fargo & Company upped their price objective on shares of GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Wall Street Zen lowered shares of GE Aerospace from a "buy" rating to a "hold" rating in a report on Sunday, September 21st. Barclays upped their price objective on shares of GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Citigroup reissued a "buy" rating and issued a $296.00 price objective (up previously from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Finally, Sanford C. Bernstein upped their price objective on shares of GE Aerospace from $343.00 to $374.00 and gave the company an "outperform" rating in a report on Wednesday, October 15th. Fifteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, GE Aerospace presently has an average rating of "Moderate Buy" and a consensus price target of $276.31.

Institutional Trading of GE Aerospace

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Worldquant Millennium Advisors LLC lifted its stake in shares of GE Aerospace by 27.9% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 874,860 shares of the company's stock valued at $225,180,000 after purchasing an additional 190,945 shares in the last quarter. Tidal Investments LLC lifted its stake in shares of GE Aerospace by 233.9% in the 2nd quarter. Tidal Investments LLC now owns 237,572 shares of the company's stock valued at $61,149,000 after purchasing an additional 166,417 shares in the last quarter. Clough Capital Partners L P acquired a new position in shares of GE Aerospace in the 2nd quarter valued at about $15,237,000. Vident Advisory LLC lifted its stake in shares of GE Aerospace by 51.4% in the 2nd quarter. Vident Advisory LLC now owns 171,056 shares of the company's stock valued at $44,028,000 after purchasing an additional 58,064 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of GE Aerospace by 4.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,389,116 shares of the company's stock valued at $357,549,000 after purchasing an additional 53,624 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

GE Aerospace Company Profile

GE Aerospace (also known as General Electric) is a company that specializes in providing aerospace products and services. It operates through two reportable segments: Commercial Engines and Services and Defense and Propulsion Technologies. It offers jet and turboprop engines, as well as integrated systems for commercial, military, business, and general aviation aircraft.

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