GE Aerospace (NYSE:GE) Issues Quarterly Earnings Results

GE Aerospace (NYSE:GE - Get Free Report) released its earnings results on Tuesday. The company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.20, Zacks reports. The company had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.06 billion. GE Aerospace had a return on equity of 22.19% and a net margin of 14.31%. GE Aerospace updated its FY 2025 guidance to 5.100-5.450 EPS.

GE Aerospace Trading Up 0.6 %

NYSE GE traded up $1.14 during trading hours on Friday, hitting $198.55. 4,390,590 shares of the company were exchanged, compared to its average volume of 5,399,811. GE Aerospace has a 52 week low of $150.20 and a 52 week high of $214.21. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. The stock has a 50-day moving average price of $194.36 and a 200 day moving average price of $186.68. The stock has a market cap of $213.10 billion, a PE ratio of 33.15, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04.

GE Aerospace Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Monday, March 10th were issued a $0.36 dividend. This is an increase from GE Aerospace's previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.73%. GE Aerospace's dividend payout ratio (DPR) is presently 22.40%.

Hedge Funds Weigh In On GE Aerospace

An institutional investor recently raised its position in GE Aerospace stock. Brighton Jones LLC increased its stake in GE Aerospace (NYSE:GE - Free Report) by 25.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,008 shares of the company's stock after buying an additional 2,421 shares during the quarter. Brighton Jones LLC's holdings in GE Aerospace were worth $2,003,000 as of its most recent SEC filing. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GE has been the subject of a number of analyst reports. Redburn Atlantic assumed coverage on shares of GE Aerospace in a research note on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price objective for the company. JPMorgan Chase & Co. boosted their price target on GE Aerospace from $190.00 to $210.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Bank of America upped their price target on GE Aerospace from $200.00 to $225.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Citigroup reduced their price objective on shares of GE Aerospace from $235.00 to $227.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $220.00 target price on shares of GE Aerospace in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, GE Aerospace has a consensus rating of "Moderate Buy" and an average target price of $216.92.

About GE Aerospace

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.