GE Aerospace (NYSE:GE) Issues Earnings Results, Beats Estimates By $0.23 EPS

GE Aerospace (NYSE:GE - Get Free Report) issued its earnings results on Thursday. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.23, Zacks reports. GE Aerospace had a net margin of 17.63% and a return on equity of 29.15%. The business had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.49 billion. During the same period last year, the business posted $1.20 EPS. GE Aerospace's revenue was up 21.2% on a year-over-year basis. GE Aerospace updated its FY 2025 guidance to 5.600-5.800 EPS.

GE Aerospace Stock Performance

Shares of GE traded down $5.96 during mid-day trading on Thursday, hitting $260.22. 16,250,824 shares of the company's stock were exchanged, compared to its average volume of 5,634,255. GE Aerospace has a 52 week low of $150.20 and a 52 week high of $279.71. The stock's 50-day simple moving average is $243.40 and its 200-day simple moving average is $211.08. The firm has a market cap of $277.50 billion, a price-to-earnings ratio of 40.47, a price-to-earnings-growth ratio of 3.19 and a beta of 1.37. The company has a quick ratio of 0.77, a current ratio of 1.08 and a debt-to-equity ratio of 0.90.

GE Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Monday, July 7th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.55%. GE Aerospace's dividend payout ratio is presently 22.40%.

Insider Activity at GE Aerospace

In other news, SVP Mohamed Ali sold 1,602 shares of the firm's stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $200.67, for a total transaction of $321,473.34. Following the transaction, the senior vice president directly owned 8,805 shares of the company's stock, valued at approximately $1,766,899.35. This trade represents a 15.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Robert M. Giglietti sold 4,104 shares of the firm's stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $196.73, for a total transaction of $807,379.92. Following the transaction, the vice president directly owned 11,540 shares in the company, valued at $2,270,264.20. This represents a 26.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in GE Aerospace stock. Revolve Wealth Partners LLC boosted its position in GE Aerospace (NYSE:GE - Free Report) by 7.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,251 shares of the company's stock after acquiring an additional 150 shares during the quarter. Revolve Wealth Partners LLC's holdings in GE Aerospace were worth $375,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 74.77% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on GE shares. Citigroup reiterated a "buy" rating and issued a $296.00 target price (up from $227.00) on shares of GE Aerospace in a research note on Monday. Wells Fargo & Company raised their target price on shares of GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. UBS Group raised their target price on shares of GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Northcoast Research downgraded shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research report on Monday, May 19th. Finally, Royal Bank Of Canada set a $275.00 price objective on shares of GE Aerospace and gave the stock an "outperform" rating in a research report on Tuesday, June 3rd. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $229.50.

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.