GE Aerospace (NYSE:GE) Sets New 12-Month High After Earnings Beat

Key Points

• GE Aerospace reached a new 52-week high of $316.06 after reporting earnings per share of $1.66, exceeding analysts' expectations of $1.46.
• The company announced a quarterly dividend of $0.36 per share, with a dividend yield of 0.5%, to be paid on October 27th.
• Analyst opinions on GE Aerospace are largely positive, with multiple firms raising their price targets and maintaining buy ratings, while the stock has a consensus rating of "Moderate Buy."

GE Aerospace (NYSE:GE - Get Free Report) reached a new 52-week high during trading on Tuesday following a stronger than expected earnings report. The stock traded as high as $316.06 and last traded at $309.82, with a volume of 978173 shares traded. The stock had previously closed at $302.68.

The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.20. The business had revenue of $11.31 billion for the quarter, compared to analysts' expectations of $10.29 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The firm's quarterly revenue was up 26.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.15 EPS. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS.

GE Aerospace Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Royal Bank Of Canada increased their price target on GE Aerospace from $300.00 to $340.00 and gave the company an "outperform" rating in a report on Friday. Wolfe Research increased their price target on GE Aerospace from $280.00 to $330.00 and gave the company an "outperform" rating in a report on Thursday, October 9th. Zacks Research cut GE Aerospace from a "strong-buy" rating to a "hold" rating in a report on Friday, September 26th. UBS Group raised their target price on GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Finally, Citigroup reaffirmed a "buy" rating and issued a $296.00 target price (up from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Fifteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $276.31.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bare Financial Services Inc boosted its position in shares of GE Aerospace by 81.1% during the second quarter. Bare Financial Services Inc now owns 96 shares of the company's stock valued at $25,000 after buying an additional 43 shares during the period. Lavaca Capital LLC boosted its position in shares of GE Aerospace by 1,666.7% during the second quarter. Lavaca Capital LLC now owns 106 shares of the company's stock valued at $27,000 after buying an additional 100 shares during the period. IMA Advisory Services Inc. purchased a new position in shares of GE Aerospace during the first quarter valued at approximately $28,000. Nova Wealth Management Inc. purchased a new stake in shares of GE Aerospace in the first quarter valued at approximately $29,000. Finally, IMG Wealth Management Inc. boosted its holdings in shares of GE Aerospace by 113.5% in the second quarter. IMG Wealth Management Inc. now owns 111 shares of the company's stock valued at $29,000 after purchasing an additional 59 shares during the period. Hedge funds and other institutional investors own 74.77% of the company's stock.

GE Aerospace Stock Up 1.6%

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 cap of $326.25 billion, a PE ratio of 42.93, a price-to-earnings-growth ratio of 3.23 and a beta of 1.49. The business has a fifty day moving average of $286.62 and a 200-day moving average of $252.17.

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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